Common use of Limited Voting Rights Clause in Contracts

Limited Voting Rights. Class B Members shall be entitled to one vote per Class B Unit owned only with respect to (A) an election of Governors of the Company as described in Section 6.1(f) hereof, (B) matters described in Sections 6.7(c) and 13.1 hereof and (C) any amendment to this Agreement requiring the consent of Class B Members under Section 14.5 hereof. Class B Members, as such, shall have no voting rights with respect to any other Company matter;

Appears in 3 contracts

Samples: Operating Agreement (Granite Falls Energy, LLC), Operating Agreement (Granite Falls Energy, LLC), Operating Agreement (Granite Falls Energy, LLC)

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Limited Voting Rights. Class B Members shall be entitled to one vote per Class B Unit owned only with respect to (A) an election of Governors Directors of the Company as described in Section 6.1(f) 5.3 hereof, (B) matters described in Sections 6.7(c5.7(c) and 13.1 hereof and 10.1 hereof, (C) any amendment to this Agreement requiring the consent of Class B Members under Section 14.5 8.1 hereof. Class B Members, as such, shall have no voting rights with respect to any other Company matter;.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Limited Voting Rights. Class B Members shall be entitled to one vote per Class B Unit owned only with respect to (A) an election of Governors of the Company as described in Section 6.1(f) hereof, (B) matters described in Sections 6.7(c) and 13.1 hereof and (C) any amendment to this Agreement requiring the consent of Class B Members under Section 14.5 hereof. Class B Members, as such, shall have no voting rights with respect to any other Company matter;and

Appears in 1 contract

Samples: Operating Agreement

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Limited Voting Rights. Class B Members shall be entitled to one vote per Class B Unit owned only with respect to (A) an election of Governors Directors of the Company as described in Section 6.1(f) 5.3 hereof, (B) matters described in Sections 6.7(c5.7(c) and 13.1 10.1 hereof and (C) any amendment to this Agreement requiring the consent of Class B Members under Section 14.5 8.1 hereof. Class B Members, as such, shall have no voting rights with respect to any other Company matter;

Appears in 1 contract

Samples: Operating Agreement

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