Membership Votes. The Voting Members shall vote upon all matters upon which the Members have the right to in proportion to their PVI. The nonvoting Members have no right to vote. The Voting Members may act only (Check one) ☐ collectively and unanimously ☐ with majority- in-interest ☐ with a 2/3-majority-in-interest. For purposes of this Agreement, a “majority-in- interest” shall mean consent or approval of those Members holding a majority of the Units eligible to vote on the respective matter.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement, LLC Operating Agreement, LLC Operating Agreement
Membership Votes. The Voting Members shall vote upon all matters upon which the Members have the right to in proportion to their PVI. The nonvoting Members have no right to vote. The Voting Members may act only (Check one) ☐ ☐ collectively and unanimously ☐ ☐ with majority- majority-in-interest ☐ ☐ with a 2/3-majority-in-interest. For purposes of this Agreement, a “majority-in- in-interest” shall mean consent or approval of those Members holding a majority of the Units eligible to vote on the respective matter.
Appears in 2 contracts
Samples: LLC Operating Agreement, Operating Agreement
Membership Votes. The Voting Members shall vote upon all matters upon which the Members have the right to in proportion to their PVI. The nonvoting Members have no right to vote. The Voting Members may act only (Check one) ☐ collectively and unanimously ☐ with majority- majority-in-interest ☐ with a 2/3-majority-in-interest. For purposes of this Agreement, a “majority-in- in-interest” shall mean consent or approval of those Members holding a majority of the Units eligible to vote on the respective matter.
Appears in 2 contracts
