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Common use of Member Approval Clause in Contracts

Member Approval. No annual or regular meetings of the Members are required to be held. However, if such meetings are held, such meetings shall be noticed, held and conducted pursuant to the Act. In any instance in which the approval of the Members is required under this Agreement, such approval may be obtained in any manner permitted by the Act. Unless otherwise provided in this Agreement, approval of the Members shall mean the approval of Members who hold a majority of the Membership Interests.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement (Rodgers Craig)

Member Approval. No annual or regular meetings of the Members are required to be held. However, if such meetings are held, such meetings shall be noticed, held and conducted pursuant to the Act. In any instance in which the approval of the Members is required under this Agreement, such approval may be obtained in any manner permitted by the Act. Unless otherwise provided in this Agreement, approval of the Members shall mean the unanimous written approval of Members who hold a majority of the Membership InterestsMembers.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Carey Watermark Investors Inc), Limited Liability Company Operating Agreement (Carey Watermark Investors Inc)

Member Approval. No annual or regular meetings of the Members are required to be held. However, if such meetings are held, such meetings shall be noticed, held and conducted pursuant to the Act. In any instance in which the approval of the Members is required under this Agreementthe Act, such approval may be obtained in any manner permitted by the Act. Unless otherwise provided in this Agreement, approval of the Members shall mean the approval of Members who hold a majority of the Membership Interestsincluding by written consent.

Appears in 2 contracts

Samples: LLC Operating Agreement (BCC Acquisition I LLC), LLC Operating Agreement (BCC Acquisition Ii LLC)

Member Approval. No annual or regular meetings of the Members are --------------- required to be held. However, if such meetings are held, such meetings shall be noticed, held and conducted pursuant to the Act. In any instance in which the approval of the Members is required under this Agreement, such approval may be obtained by the approval of the Board or in any manner permitted by the Act. Unless otherwise provided in this Agreement, approval of the Members shall mean the approval of Members who hold a majority all of the Membership InterestsMembers.

Appears in 1 contract

Samples: Operating Agreement (National Earth Products Inc)

Member Approval. No annual or regular meetings of the Members are required to be held. However, if such meetings are held, such meetings shall be noticed, held and conducted pursuant to the Act. In any instance in which the approval of the Members is required under this Agreement, such approval may be obtained in any manner permitted by the Act. Unless otherwise provided in this Agreement, approval of the Members shall mean the unanimous written approval of Members who hold a majority of the Membership InterestsMembers.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Carey Watermark Investors Inc)

Member Approval. No annual or regular meetings of the Members members are required to be held. , However, if such meetings are held, such meetings shall be noticed, held and conducted pursuant to the Act. In any instance in which the approval of the Members is required under this Agreement, such approval may be obtained in any manner permitted by the Act. Unless otherwise provided in this Agreement, approval of the Members shall mean the approval of Members who hold a majority of the Membership Percentage Interests.

Appears in 1 contract

Samples: Operating Agreement (Usopn Inc)

Member Approval. No annual or regular meetings of the Members are required to be held. However, if such meetings are held, such meetings shall be noticed, held and conducted pursuant to the Act. In any instance in which the approval of the Members is required under this Agreement, such approval may be obtained in any manner permitted by the Act. Unless otherwise provided in this Agreement, approval of the Members shall mean the approval of Members who hold holding a majority of the Membership Interests.

Appears in 1 contract

Samples: Operating Agreement (CPC of America Inc)

Member Approval. No annual or regular meetings of the Members are required to be held. However; provided, if such meetings are heldhowever, such meetings any Member shall have the right to call a meeting, on not less than ten (10) days’ prior notice, which meeting may be noticed, held and conducted pursuant to the Actin person or by teleconference. In any instance in which the approval of the Members is required under this Agreement, such approval may be obtained in any manner permitted by the Act. Unless otherwise provided in this Agreement, approval of the Members shall mean the unanimous written approval of Members who hold a majority of the Membership InterestsMembers.

Appears in 1 contract

Samples: Membership Interest Agreement (Carey Watermark Investors Inc)

Member Approval. No annual or regular meetings of the Members are required to be held. However, if such meetings are held, such meetings shall be noticed, held and conducted pursuant to the Act. In any instance in which the approval of the Members is required under this Agreement, such approval may be obtained in any manner permitted by the Act. Unless otherwise provided in this Agreementrequired pursuant to the Act, approval of the Members shall mean the approval of Members who hold a majority of the Membership InterestsClass A Member.

Appears in 1 contract

Samples: Operating Agreement (Cornerstone Core Properties REIT, Inc.)

Member Approval. No annual or regular meetings of the Members are --------------- required to be held. However, if such meetings are held, such meetings shall be noticed, held and conducted pursuant to the Act. In any instance in which the approval of the Members is required under this Agreement, such approval may be obtained in any manner permitted by the Act. Unless otherwise provided in this Agreement, approval of the Members shall mean the approval of Members who hold holding a majority of the Membership Interests.

Appears in 1 contract

Samples: Operating Agreement (CPC of America Inc)