Common use of Management by Voting Members Clause in Contracts

Management by Voting Members. The Voting Members shall manage the Company and vote upon all matters upon which the Members have the right to in proportion to their PVI. The nonvoting Members have no right to vote or participate in management. The Voting Members may only act with _________ percent of the vote.

Management by Voting Members. The Voting Members shall manage the Company and vote upon all matters upon which the Members have the right to in proportion to their PVI. The nonvoting Members have no right to vote or participate in management. The Voting Members may act only act (Check one) ☐ collectively and unanimously ☐ with _________ percent majority-in-interest ☐ with a 2/3-majority-in-interest. For purposes of this Agreement, a “majority-in-interest” shall mean consent or approval of those Members holding a majority of the voteUnits eligible to vote on the respective matter.

Management by Voting Members. The Voting Members shall manage the Company and vote upon all matters upon which the Members have the right to in proportion to their PVI. The nonvoting Members have no right to vote or participate in management. The Voting Members may only act with _________ percent of the vote.

Management by Voting Members. The Voting Members shall manage the Company and vote upon all matters upon which the Members have the right to in proportion to their PVI. The ☐ ☐ ☐ nonvoting Members have no right to vote or participate in management. The Voting Members may act only act (Check one) collectively and unanimously with _________ percent of the vote.majority-in-interest with a ☐ ☐ ☐

Management by Voting Members. The Voting Members shall manage the Company and vote upon all matters upon which the Members have the right to in proportion to their PVI. The nonvoting Members have no right to vote or participate in management. The Voting Members may only act with _________ percent of the vote.collectively and unanimously