Common use of Majority Vote of Directors Clause in Contracts

Majority Vote of Directors. Except for matters that require a Member Approval or a Unanimous Vote and matters specified in Section 6.4 as within the authority of the Chief Executive Officer (or Co-Chief Executive Officers, as applicable) (but subject at all times to the direction and control of the Board), actions by the Company, or by the Company in its capacity as general partner of the Partnership, shall require approval by a Majority Vote.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Energy Transfer Equity, L.P.), Limited Liability Company Agreement (Energy Transfer Partners, L.P.)

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Majority Vote of Directors. Except for (i) matters that require a Member Approval Approval, a Special Vote or a Unanimous Vote and (ii) matters specified in Section 6.4 6.3 as within the authority of the Chief Executive Officer (or Co-Chief Executive Officers, as applicable) (but subject subject, for purposes of this clause (ii), at all times to the direction and control of the Board), actions by the Company, or by the Company in its capacity as general partner of the Partnership, shall require approval by a Majority Vote.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Energy Transfer Partners, L.P.)

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Majority Vote of Directors. Except for matters that require a Member Approval or a Unanimous Vote and matters specified in Section 6.4 6.3 as within the authority of the Chief Executive Officer (or Co-Chief Executive Officers, as applicable) (but subject at all times to the direction and control of the Board), actions by the Company, or by the Company in its capacity as general partner of the PartnershipMLP, shall require approval by a Majority Vote.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Encore Energy Partners LP)

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