Common use of Interested Parties Clause in Contracts

Interested Parties. A Shareholder may vote Shares owned by it on any question permitted under this Agreement regardless of whether that Shareholder, Affiliates of that Shareholder or other persons associated with or related to that Shareholder have a personal interest in the subject matter of the transaction. Delaware law governing the voting of shares in a corporation shall determine the legal effect of a vote by a Shareholder having an interest described in the preceding sentence.

Appears in 12 contracts

Samples: LLC Operating Agreement (Ridgewood Energy v Fund LLC), LLC Operating Agreement (Ridgewood Energy T Fund LLC), LLC Operating Agreement (Ridgewood Energy M Fund LLC)

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Interested Parties. A Shareholder Member may vote Shares owned held by it on any question permitted under this Agreement regardless of whether that ShareholderMember, Affiliates of that Shareholder the Member or other persons associated with or related to that Shareholder Member have a personal interest in the subject matter of the transaction. Delaware law governing the voting of shares in a corporation shall determine the legal effect of a vote by a Shareholder Member having an interest described in the preceding sentence.

Appears in 8 contracts

Samples: Limited Liability Company Agreement (Ridgewood Energy W Fund LLC), Limited Liability Company Agreement (Ridgewood Energy X Fund, LLC), Limited Liability Company Agreement (Ridgewood Energy Y Fund LLC)

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Interested Parties. A Shareholder may vote Shares owned by it on any question permitted under this Agreement agreement regardless of whether that Shareholder, Affiliates of that Shareholder or other persons associated with or related to that Shareholder have a personal interest in the subject matter of the transaction. transaction Delaware law governing the voting of shares in a corporation shall determine the legal effect of a vote by a Shareholder having an interest described in the preceding sentence.

Appears in 1 contract

Samples: LLC Operating Agreement (Ridgewood Energy U Fund LLC)

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