Common use of MANAGEMENT OF THE BUSINESS Clause in Contracts

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 7 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

AutoNDA by SimpleDocs

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 4054 of the ActStatutes, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 0017-00-000 7693 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 12:1311 of the ActLaw, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 347.079 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 0018-00-000 2015 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) a. Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) b. If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 10.50.110 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00304-00-000 C:47 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 489.407 of the Act, and as stated in its ArticlesArticles of Organization, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 10A-5A-4.07 of the ActLaw, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 322C.0407 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 42:2C-37 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00000-000 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 0034-00-000 255f of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 275.165 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 0053-0019-000 15 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A One Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 63.130 of the Act, and as stated in its ArticlesArticles of Organization, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 0021-00-000 136 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 489.407 of the Act, and as stated in its ArticlesArticles of Organization, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) a. Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) b. If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 17704.07 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 Sections 101.251 and 101.252 of the ActLaw, and as stated in its ArticlesArticles of Organization, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) a. Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) b. If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 0015-00-000 1 of the Act, and as stated in its ArticlesArticles of Organization, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 8847 of the Act, and as stated in its ArticlesCertificate of Organization, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) a. Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) b. If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 0015-00-000 1 of the Act, and as stated in its ArticlesArticles of Organization, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) a. Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) b. If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 0023-0018-000 4-1 of the Act, and as stated in its ArticlesArticles of Organization, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 86.291 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) a. Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) b. If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 401 of the ActLaw, and as stated in its ArticlesCertificate, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) a. Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) b. If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00428-00-000 404 of the Act, and as stated in its ArticlesArticles of Organization, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 0018-00-000 402 of the Act, and as stated in its ArticlesCertificate, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) a. Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) b. If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 489.407 of the Act, and as stated in its ArticlesArticles of Organization, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) : Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) and If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 of the Act, and as stated in its ArticlesArticles of Organization, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 29–804.07 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 3973 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

AutoNDA by SimpleDocs

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 8847 of the Act, and as stated in its ArticlesCertificate of Organization, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 0018-00-000 402 of the Act, and as stated in its ArticlesCertificate, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 007-0016-000 14 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 63.130 of the Act, and as stated in its ArticlesArticles of Organization, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) a. Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) b. If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 24 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 605.0407 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 17704.07 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) a. Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) b. If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 of the Act, and as stated in its ArticlesArticles of Organization, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) a. Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) b. If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 450.4401 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 1556 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 0010-0032.1-000 39 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 0031B-4-00-000 404 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 401 of the ActLaw, and as stated in its ArticlesCertificate, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00428-00-000 404 of the Act, and as stated in its ArticlesArticles of Organization, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) a. Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) b. If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 86.291 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 0013.1-00-000 1022 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 004-0038-000 407 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 0057D-3-00-000 20 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 00-00-000 183.0401 of the ActLaw, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 0023-0018-000 4-1 of the Act, and as stated in its ArticlesArticles of Organization, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) a. Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) b. If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Section 0053-0019-000 15 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Members. The name and residential address of each Member is attached as Exhibit 1 of this Agreement. A One Member will be elected, terminated, or replaced as Chief Executive Member by majority vote of the membership interests, as set forth in Exhibit 1 and any amendments, to serve the Company as its agent. The Chief Executive Member is responsible for the daily operations of the business. Notwithstanding the other provisions of this Article, the Members agree that: (a) a. Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and (b) b. If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the disagreeing Member may call a vote to decide the course of action. A simple majority vote is necessary to take an action on behalf of the Company. The votes must be recorded in writing.

Appears in 1 contract

Samples: Operating Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!