Members’ Approval Sample Clauses

Members’ Approval. Notwithstanding anything to the contrary in this Agreement or the Act, without the approval of the Members who collectively own the majority of the outstanding Membership Interests, the Manager may not do or bind the Company to do any of the following: (1) Sell or otherwise dispose of all or substantially all of the Company’s business and/or assets, whether as part of a single transaction or plan or in multiple transactions, except in the orderly liquidation and winding up of the Company’s business upon its duly authorized dissolution; (2) Merge or combine the Company with another entity; or (3) Confess any judgment against the Company. LIMITED LIABILITY COMPANY OPERATING AGREEMENT PFG Fund V, LLC

Members’ Approval. Notwithstanding anything to the contrary in this Agreement or the Act, without the approval of the Members who collectively own the majority of the outstanding Units, the Manager may not do or bind the LLC to do any of the following: (a) Sell or otherwise dispose of all or substantially all of the LLC’s business and/or assets, whether as part of a single transaction or plan or in multiple transactions, except in the orderly liquidation and winding up of the LLC’s business upon its duly authorized dissolution; (b) Merge or combine the LLC with another entity; or (c) Confess any judgment against the LLC.

Members’ Approval. This Agreement shall have been adopted by the affirmative vote of the holders of the requisite number of units of Members' Interests of LLC and LLC Holdings in the manner required pursuant to LLC's and LLC Holdings' organizational documents, LLC Agreement, the OLLCA and other applicable law.

Members’ Approval. Following the date of this Agreement, the Company, acting through the Board, shall seek to obtain the requisite approval of the Merger, this Agreement and the transactions described in this Agreement, from the Members in accordance with its Operating Agreement, the applicable provisions of the WLLCS, and the applicable provisions of federal and state securities laws, rules and regulations (the “Approval”). The date on which the Approval is obtained is hereinafter referred to as the “Approval Date.”

Members’ Approval. Ventures shall seek the necessary approval from its members of this Agreement and the Merger as required by its certificate of formation, its Operating Agreement and OLLCA, as soon as reasonably practicable after the PPM/Information Statement is mailed.

Members’ Approval. The following actions shall require the approval of a Member Majority (each, a "Major Decision"): (a) Capital Contributions; (b) The election and removal of any Manager; (c) The appointment of a liquidator upon dissolution pursuant to Section 10.2(a), below; (d) Any voluntary dissolution or liquidation of the Company; (e) The sale of all or substantially all of the Company Property or the merger of the Company with any other Person; (f) The reorganization of the Company; (g) Any amendment to the Articles of Organization or this Agreement; (h) The creation of any lien, mortgage, pledge or other security interest on the assets of the Company securing indebtedness of any third party which is not for the benefit of the business carried on by the Company; (i) The appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator or other similar agent under any Debtor Relief Laws for the Company or for any substantial part of the Company's assets or property; (j) The filing of a voluntary petition in bankruptcy by the Company, or the filing of an involuntary petition against the Company which petition is not dismissed within a period of one hundred eighty (180) days; (k) The consent by the Company to the entry of an order for relief in a voluntary or involuntary case under any Debtor Relief Laws or to the appointment of, or the taking of any possession by, a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar agent under any applicable Debtor Relief Laws for the Company or for any substantial part of the Company's assets or property; (l) The making by the Company of any general assignment for the benefit of the Company's creditors; (m) The adoption of any employee benefit, profit sharing, incentive, bonus, pension, retirement or option plans; and (n) Any other approval required of the Members under the Act.

Members’ Approval. 24 7.4. NNM LISTING. . . . . . . . . . . . . . . . . . . . . . . . . . . .24 7.5. AFFILIATES . . . . . . . . . . . . . . . . . . . . . . . . . . . .24

Members’ Approval. This Agreement shall have been executed by the Manager under the Operating Agreement of ▇▇▇▇▇▇▇ LLC and the authority granted to Manager by the Members.

Members’ Approval. The holders of not less than a majority of the outstanding ownership interests of NCS shall have voted for authorization and approval of this Agreement and the transactions contemplated hereby.