Management Committee Approval. Except for matters expressly specified in this Agreement as requiring a Supermajority Vote of the Management Committee, any action required or permitted to be taken by the Management Committee may be taken upon the affirmative approval, at a duly called meeting or, upon ten (10) calendar days prior notice to all Representatives, by written consent in lieu of a meeting, of Representatives appointed by Members representing more than 50% of the Percentage Interests of all Members (a "Majority Vote"). Unless authorized to do so by this Agreement or by a Majority Vote of the Management Committee and except for the power delegated to the Manager pursuant to Section 8.2, no Member, attorney-in-fact, officer, employee or other agent of the Company shall have any power or authority to bind the Company in any way.
Management Committee Approval. If the Development Manager has recommended to the Management Committee that the Project be commenced, and the conditions set forth above in Section 6.1 have been satisfied, the Management Committee may approve commencement of the Project by a Level B Vote of the Management Committee, subject to the subsequent election of Participants to participate in one hundred percent (100%) of the ownership in the Project pursuant to the procedures set forth in the provisions of Section 6.3 below. If one hundred percent (100%) of the ownership interest in the Project are not subscribed, the Project shall not be deemed approved by the Management Committee.
Management Committee Approval. The Management Committee of Earlychildhood has taken all actions necessary under the California Limited Liability Company Act required for the approval of the Transactions and no other approval under any California anti-takeover statute or regulation applicable to Earlychildhood is required in connection with the consummation of the Transactions. No "fair price," "moratorium," "control share acquisitions" or other similar anti-takeover statute or regulation is applicable to Earlychildhood or (by reason of Earlychildhood's participation therein) this Agreement, the Contribution or the Transactions.
Management Committee Approval. The Management Committee may approve a Financing Commitment at any time. Beginning no later than the date upon which the Company has entered into Significant Offtake Agreements pursuant to which an aggregate of sixty-five percent (65%) of the total output of Capacity or Energy from the Facility will be sold for terms of no less than fifteen (15) years, the Members agree (a) to work together to develop a plan for Project Financing and (b) diligently to jointly pursue and obtain Financing Commitments to implement such plan.
Management Committee Approval. A Transfer by an Owner that has been approved by the Management Committee;
Management Committee Approval. No sale, exchange, transfer, or assignment of Units may be made by a Member unless such sale, exchange, transfer or assignment has been approved by the Management Committee.
Management Committee Approval. Notwithstanding any other provision of this Agreement other than Sections 7.2 and 7.3 hereof, a Transfer of a Member's Interest may not be made unless it is the opinion of the Management Committee and counsel for the Company (i) that such Transfer would not cause the Company to lose its status as a partnership for federal income tax purposes, or (ii) that 14 18 such Transfer would not violate any provision of federal or state securities laws applicable to the Company or the Interest therein.
Management Committee Approval. The Bank shall have received appropriate resolutions of the Management Committee of Borrower approving the transactions described in this Agreement;
