Common use of Member Approval Rights Clause in Contracts

Member Approval Rights. (a) Except as expressly contemplated by this Agreement or any of the other Transaction Agreements, the Company shall take no action (including any action by the Board or any committee of the Board) after the date hereof with respect to any of the following matters without the prior written consent of HoldCo, for so long as GE’s Percentage Interest is at least 20% (calculated in accordance with Section 4.10(d)):

Appears in 2 contracts

Samples: Limited Liability Company Agreement (General Electric Co), Limited Liability Company Agreement (Comcast Corp)

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Member Approval Rights. (a) Except as expressly contemplated by this Agreement or any of the other Transaction Agreements, the Company shall take no action (including any action by the Board or any committee of the Board) after the date hereof with respect to any of the following matters without the prior written consent of HoldCothe GE Members, for so long as GE’s Percentage Interest is at least 20% (calculated in accordance with Section 4.10(d)):

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Comcast Corp)

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