Common use of Member Rights; Meetings Clause in Contracts

Member Rights; Meetings. (a) No Member shall have the right to approve or vote on any matter except as expressly set forth in this Agreement or as otherwise required by applicable law. Notwithstanding the foregoing, the Members shall vote on all of the following: (i) the dissolution of the Company pursuant to Section 15 (b) of this Agreement; (ii) the merger of the Company; (iii) any transaction involving an actual or potential conflict of interest between any Manager and the Company; (iv) an amendment to the Certificate of Formation of the Company; or (v) the sale, exchange, lease or other transfer of all or substantially all of the Company’s assets, determined on a consolidated basis, other than in the ordinary course of business (whether by merger, recapitalization, consolidation, reorganization, combination or otherwise).

Member Rights; Meetings. (a) No Member shall have the right to approve or vote on any matter except as expressly set forth in this Agreement or as otherwise required by applicable law. Notwithstanding the foregoing, the Members shall vote on all of the following: (i) the dissolution of the Company pursuant to Section 15 (b15(b) of this Agreement; (ii) the merger of the Company; (iii) any transaction involving an actual or potential conflict of interest between any Manager and the Company; (iv) an amendment to the Certificate Articles of Formation Organization of the Company; or (v) the sale, exchange, lease or other transfer of all or substantially all of the Company’s assets, determined on a consolidated basis, other than in the ordinary course of business (whether by merger, recapitalization, consolidation, reorganization, combination or otherwise).

Member Rights; Meetings. (a) No Member shall have the right to approve or vote on any matter except as expressly set forth in this Agreement or as otherwise required by applicable law. Notwithstanding the foregoing, the Members shall vote on all of the following: following (i) the dissolution of the Company pursuant to Section 15 (b13(a) of this Agreement; (ii) the merger of the Company; (iii) any transaction involving an actual or potential conflict of interest between any Manager and the Company; (iv) an amendment to the Certificate certificate of Formation formation of the Company; or (v) the sale, exchange, lease or other transfer of all or substantially all of the Company’s assets, determined on a consolidated basis, other than in the ordinary course of business (whether by merger, recapitalization, consolidation, reorganization, combination or otherwise).

Member Rights; Meetings. (a) No Member shall have the right to approve or vote on any matter except as expressly set forth in this Agreement or as otherwise required by applicable law. Notwithstanding the foregoing, the affirmative vote of the Members shall vote on all be required before any of the followingfollowing actions can be taken: (i) the dissolution of the Company pursuant to Section 15 (b) of this Agreement; (ii) the merger of the Company; (iii) any transaction involving an actual or potential conflict of interest between any Manager and the Company; (iv) an amendment to the Certificate of Formation of the Company; or (v) the sale, exchange, lease or other transfer of all or substantially all of the Company’s assets, determined on a consolidated basis, other than in the ordinary course of business (whether by merger, recapitalization, consolidation, reorganization, combination or otherwise).

Member Rights; Meetings. (a) No Member shall have the right to approve or vote on any matter except as expressly set forth in this Agreement or as otherwise required by applicable law. Notwithstanding the foregoing, the Members shall vote on all of the following: (i) the dissolution of the Company pursuant to Section 15 (b15(b) of this Agreement; (ii) the merger of the Company; (iii) any transaction involving an actual or potential conflict of interest between any Manager and the Company; (iv) an amendment to the Certificate of Formation of the Company; or (v) the sale, exchange, lease or other transfer of all or substantially all of the Company’s assets, determined on a consolidated basis, other than in the ordinary course of business (whether by merger, recapitalization, consolidation, reorganization, combination or otherwise).