Matters on Which Members Must Vote Sample Clauses

Matters on Which Members Must Vote. The Manager may not take any of the following actions without approval by the Manager and a Majority Vote (or greater vote if required by this Agreement or Applicable Law) of the Members: admitting any substitute or Additional Members into the LLC in accordance with Section 15.06; filing or consenting to file a petition for or against the LLC under any federal or state bankruptcy, insolvency, or reorganization act; ceasing the LLC’s business before the LLC’s actual termination or acting in any way that would make it impossible to carry on the LLC’s business; permitting the LLC’s funds to be commingled with the funds of any other person; confessing a judgment against the LLC; materially altering the LLC’s business or deviating from any approved business plan of the LLC; selling substantially all of the property in liquidation or dissolving and liquidating the LLC; registering any interest in this LLC for an offering under any federal or state securities law; changing the tax classification of the LLC; appointing a Manager, subject to the provisions of Section 9.02; removing a Manager, subject to the provisions of Section 9.04; electing a successor Manager, subject to the provisions of Section 9.06; amending this Agreement; and any matter requiring the vote of the Members under any mandatory provision of Applicable Law. The Members may call or hold any meeting of the Members, provide notice of the meeting, form a quorum for the meeting, or take any action by vote at a meeting or by written consent without a meeting, in all cases to take any action or conduct any business permitted by this Section. Assignees may not vote.
Sample 1
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Related to Matters on Which Members Must Vote

  • Further Assurances Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

  • Conditions Precedent The effectiveness of this Amendment is subject to the satisfaction of all of the following conditions precedent:

  • Representations and Warranties of the Company The Company represents and warrants to each Underwriter that:

  • MANAGEMENT RIGHTS 3.01 The Union acknowledges that all management rights and prerogatives are vested exclusively with the Employer and without limiting the generality of the foregoing; it is the exclusive function of the Employer:

  • Termination for Convenience TIPS may, by written notice to Vendor, terminate this Agreement for convenience, in whole or in part, at any time by giving thirty (30) days’ written notice to Vendor of such termination, and specifying the effective date thereof.

  • OTHER PROVISIONS a. This Agreement shall be construed under the laws of the State of Florida, and venue for any actions arising out of this Agreement shall lie in Xxxx County.

  • Disputes In the case of a dispute as to the determination of the Exercise Price or the arithmetic calculation of the number of Warrant Shares issuable in connection with any exercise, the Company shall promptly deliver to the Holder the number of Warrant Shares that are not disputed.

  • Representations and Warranties Borrower represents and warrants as follows:

  • Civil Rights A. Xxxxxxx agrees to comply with state and federal anti-discrimination laws, including:

  • GRIEVANCE PROCEDURE 7.01 For purposes of this Agreement, a grievance is defined as a difference arising between the parties relating to the interpretation, application, administration or alleged violation of the Agreement including any question as to whether a matter is arbitrable.

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