Common use of Meetings and Voting Clause in Contracts

Meetings and Voting. Each Band Partner shall have the right to participate in the business of the Band Partnership. Meetings of the Band Partners can be called by any member of the Band Partnership upon reasonable notice. (Check either "unanimous" or "majority" for each issue ) Unanimous Majority Expelling a Band Partner [ ] [ ] Admission of a new Band Partner: [ ] [ ] Entering into any agreement that binds the Band Partnership for more than one year: [ ] [ ] Additional capital contributions by any Band Partner: [ ] [ ] Receipt of any bonus or goods or other assets of the Band Partnership in excess of that received by any other Band Partner: [ ] [ ] Any expenditure in excess of $______: [ ] [ ] Incurring any major obligation such as borrowing or lending money: [ ] [ ] Selling, leasing or transferring any Band Partnership property: [ ] [ ] Entering into any contract that takes less than a year to complete: [ ] [ ] Check-signing rights: [ ] [ ] Amendment of this Agreement: [ ] [ ] (Check and fill in blanks if applicable) [ ] In matters that require a majority vote, _________________________ shall be entitled to extra voting power, in the amount of ______ votes for every other Band Partner's single vote. [ ] In the event that a majority cannot be achieved, the decision of___________________ shall prevail.

Meetings and Voting. Each Band Partner shall have the right to participate in the business of the Band Partnership. Meetings of the Band Partners can be called by any member of the Band Partnership upon reasonable noticenotice of seven (7) days or more. (Check either "unanimous" or "majority" for each issue ) Unanimous Majority Expelling a Band Partner [ ] (except BP in question) [ ] Admission of a new Band Partner: [ ] [ ] Entering into any agreement that binds the Band Partnership for more than one year: [ ] [ ] Additional capital contributions by any Band Partner: [ ] [ ] Receipt of any bonus or goods or other assets of the Band Partnership in excess of that received by any other Band Partner: [ ] [ ] Any expenditure in excess of $________: [ ] [ ] Incurring any major obligation such as borrowing or lending money: [ ] [ ] Selling, leasing or transferring any Band Partnership property: [ ] [ ] Entering into any contract that takes less than a year to complete: [ ] [ ] Check-signing rights: [ ] [ ] Amendment of this Agreement: [ ] [ ] (Check and fill in blanks if applicable) [ ] In matters that require a majority vote, _________________________ shall be entitled to extra voting power, in the amount of ______ votes for every other Band Partner's single vote. [ ] In the event that a majority cannot be achieved, the decision of___________________ shall prevail.