Common use of Members’ Voting Rights Clause in Contracts

Members’ Voting Rights. Each Member holding Units shall be entitled to one (1) vote for each Unit registered in the name of such Member (as shown in the Unit Holder Register) as to any matter for which a Member holding Units is entitled to vote under this Agreement or the Act. Unless a matter is expressly reserved in this Agreement for the vote or approval of a particular class of Units, each Member holding Units (regardless of class) shall be entitled to vote thereon, with each Member entitled to one (1) vote for each Unit registered in the name of such Member (as shown in the Unit Holder Register. Members shall have cumulative voting rights for the election of Directors as described in Section 5.3. Except as otherwise expressly provided for in this Agreement, Members shall not have any right or power to take part in the management or control of the Company or its business and affairs or to act for or bind the Company in any way.

Members’ Voting Rights. Each Member holding Units shall be entitled to one (1) vote for each Unit (regardless of class) registered in the name of such Member (as shown in the Unit Holder Register) as to any matter for which a Member holding Units is entitled to vote under this Agreement or the Act. Unless a matter is expressly reserved in this Agreement for the vote or approval of a particular class of Units, each Member holding Units (regardless of class) shall be entitled to vote thereon, with each Member entitled to one (1) vote for each Unit registered in the name of such Member (as shown in the Unit Holder Register). Members shall have cumulative voting rights for the election of Directors as described in Section 5.3. Except as otherwise expressly provided for in this Agreement, Members shall not have any right or power to take part in the management or control of the Company or its business and affairs or to act for or bind the Company in any way.