Common use of Meetings of the Members Clause in Contracts

Meetings of the Members. Meetings of the Members may be called by the Board of Managers and shall be promptly called upon the written request of any one or more Members who own in the aggregate ten percent (10%) or more of the aggregate Interests owned by all Members. The notice of a meeting shall state the nature of the business to be transacted at such meeting, and actions taken at any such meeting shall be limited to those matters specified in the notice of the meeting. Notice of any meeting shall be given to all Members not less than ten (10) and not more than thirty (30) days prior to the date of the meeting. Members may vote in person or by proxy at such meeting. Except as otherwise expressly provided in this Agreement, including in Section 9.10, or required by the express provisions of the Law, the vote of a Majority Interest of the Members shall control all decisions for which the vote of the Members is required hereunder. Each Member’s voting power shall be the same as that Member’s Percentage Interest at the time of the vote. The presence of any Member at a meeting shall constitute a waiver of notice of the meeting with respect to such Member, unless such Member is present solely to challenge the validity of the meeting. The Members may, at their election, participate in any regular or special meeting by means of conference telephone or similar communications equipment by means of which all Persons participating in the meeting can hear each other. A Member’s participation in a meeting pursuant to the preceding sentence shall constitute presence in person at such meeting for all purposes of this Agreement.

Appears in 4 contracts

Samples: Operating Agreement (Viking Energy Group, Inc.), Operating Agreement (Viking Energy Group, Inc.), Operating Agreement (Viking Energy Group, Inc.)

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Meetings of the Members. Meetings of the Members may be called by the Board of Managers Directors and shall be promptly called upon the written request of the AFAM Member, the CHS Member or any one or more other Members who own whose Sharing Percentages are in the aggregate ten twenty percent (1020%) or more of the aggregate Interests owned by all Membersmore. The notice of a meeting shall state the nature of the business to be transacted at such meeting, and actions taken at any such meeting shall be limited to those matters specified in the notice of the meeting. Notice of any meeting shall be given to all Members not less than ten (10) ), and not more than thirty (30) ), days prior to the date of the meeting. Members may vote in person or by proxy at such meeting. Except as otherwise expressly provided in this AgreementAgreement (including, including in Section 9.10without limitation, all instances where Approval of the Members is required) or required by the express provisions of the LawAct, the requisite vote of a Majority Interest of the Members shall be the Approval of the Members which shall control all decisions for which the vote of the Members is required hereunder. Each Member’s voting power rights shall be the same as that Member’s Sharing Percentage Interest at the time of the vote. The presence of any Member at a meeting shall constitute a waiver of notice of the meeting with respect to such Member, unless such Member is present solely to challenge the validity of the meeting. The Members may, at their election, participate in any regular or special meeting by means of conference telephone or similar communications equipment by means of which all Persons participating in the meeting can hear each other. A Member’s participation in a meeting pursuant to the preceding sentence shall constitute presence in person at such meeting for all purposes of this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Almost Family Inc), Equity Purchase Agreement (Almost Family Inc)

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Meetings of the Members. Meetings of the Members may be called by the Board of Managers Manager and shall be promptly called upon the written request of any one or more Members who Who own in the aggregate ten fifteen percent (1015%) or more of the aggregate Interests owned by all MembersUnits in the Company. The notice notice, of a meeting shall state the nature of the business to be transacted at such meeting, and actions taken at any such meeting shall be limited to those matters specified in the notice of the meeting. Notice of any meeting shall be given to all Members not less than ten (10) ), and not more than thirty (30) ), days prior to the date of the meeting. Members may vote in person or by proxy at such meeting. Except as otherwise expressly provided in this AgreementAgreement (including, including in Section 9.10without limitation, all instances where Approval of the Members is required) or required by the express provisions of the LawAct, the requisite vote of a Majority Interest of the Members shall be the Approval of the Members which shall control all decisions for which the vote of the Members is required hereunder. Each Member’s voting power shall rights shell be the same as that Member’s Percentage Interest number of Units at the time of the vote. The presence of any Member at a meeting shall constitute a waiver of notice of the meeting with respect to such MemberMember unless, unless such Member is present solely attends the meeting for the sole purpose of objecting to challenge the validity holding of the such meeting. The Members may, at their election, participate in any regular or special meeting by means of conference telephone or similar communications equipment by means of which all Persons participating in the meeting can hear each other. A Member’s participation in a meeting pursuant to the preceding sentence shall constitute presence in person at such meeting for all purposes of this Agreement...

Appears in 1 contract

Samples: Limited Liability Company Agreement (Community Health Investment CORP)

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