Common use of Meetings of Members; Place of Meetings Clause in Contracts

Meetings of Members; Place of Meetings. Except as provided in Section 6.4, all decisions of the Members will be made at a meeting duly held in accordance with this Article VI. Meetings of the Members may be held for any purpose or purposes, unless otherwise prohibited by law or by the Articles, and may be called by the Board or Members holding not less than 20% of the Percentage Interests. All meetings of the Members will be held at the principal office of the Company or, if called by the Board, at such other place, within or without the State of Minnesota, as is designated from time to time by the Members and stated in the notice of the meeting or in a duly executed waiver of the notice thereof. Members may participate in a meeting of the Members by means of conference telephone or similar communications equipment whereby all Members participating in the meeting can hear each other and participation in a meeting in this manner constitutes presence in person at the meeting.

Appears in 2 contracts

Samples: Operating Agreement (Aspirity Holdings LLC), Operating Agreement (Aspirity Holdings LLC)

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Meetings of Members; Place of Meetings. Except as provided in Section 6.46.5, all decisions of the Members will be made at a meeting duly held in accordance with this Article VI. Meetings of the Members may be held for any purpose or purposes, unless otherwise prohibited by law or by the ArticlesArticles of Organization, and may be called by the Board Manager or Members holding not less than 20% ten percent (10%) of the Percentage Interests. All meetings of the Members will be held at the principal office of the Company or, if called by the Board, or at such other place, within or without outside the State of Minnesota, as is designated from time to time by the Members Manager and stated in the notice of the meeting or in a duly executed waiver of the notice thereof. Members may participate in a meeting of the Members by means of telephone conference telephone or similar communications equipment whereby all Members participating in the meeting can hear each other and participation in a meeting in this manner constitutes presence in person at the meeting.

Appears in 2 contracts

Samples: Operating Agreement (Auor Capital Fund v LLC), Operating Agreement (Auor Capital Fund v LLC)

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