Extraordinary Actions. In addition to other actions identified herein requiring unanimous approval of the Members, the Company shall not (i) sell or otherwise dispose of all or substantially all of its assets unless such sale or disposition is unanimously approved by the Members provided that such approval shall not be unreasonably withheld, (ii) undertake any new investment projects unless such projects are unanimously approved by the Members, or (iii) terminate the Management Agreement unless such termination is unanimously approved by the Members.
Appears in 3 contracts
Samples: Limited Liability (Developed Technology Resource Inc), Limited Liability (Developed Technology Resource Inc), Limited Liability Company Agreement (Developed Technology Resource Inc)
Extraordinary Actions. In addition to other actions identified herein requiring unanimous approval of the Members, the Company shall not, without the approval of each Member which approval shall not be unreasonably withheld, (i) sell or otherwise dispose of all or substantially all of its assets unless such sale or disposition is unanimously approved by the Members provided that such approval shall not be unreasonably withheldassets, (ii) undertake any new investment projects unless such projects are unanimously approved by the Members, or (iii) terminate the Management Agreement unless such termination is unanimously approved by the Members.or
Appears in 1 contract
Samples: Company Agreement (Developed Technology Resource Inc)
