MANAGEMENT OF THE BUSINESS. Pursuant to Section 7-80-401 of the Act, 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. 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 2 contracts
Samples: Operating Agreement, Operating Agreement
MANAGEMENT OF THE BUSINESS. Pursuant to Section 7-80-401 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. One 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 7-80-401 25.15.151 of the ActCode, 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. 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 7-80-401 of the Act, 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. 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) 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 7-80-401 of the Act, 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. 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
MANAGEMENT OF THE BUSINESS. Pursuant to Section 700-8000-401 000 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. One 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 7-80-401 25.15.151 of the ActCode, 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. 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
MANAGEMENT OF THE BUSINESS. Pursuant to Section 7-80-401 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. One 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 715-80-401 1 of the Act, and as stated in its Articles 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. One 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 729-80-401 3407 of the Act, 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. 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 729-80-401 3407 of the Act, 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. 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