Common use of Membership Voting Clause in Contracts

Membership Voting. Except as otherwise may be required by the Articles of Organization, Certificate of Formation or a similar organizational document, other provisions of this operating agreement, or under the laws of this state, each member shall vote on any matter submitted to the membership for approval in proportion to the member's percentage interest in this LLC. Further, unless defined otherwise for a particular provision of this operating agreement, the phrase "majority of members" means the vote of members whose combined votes equal more than 50% of the votes of all members in this LLC.

Membership Voting. Except as otherwise may be required by the Articles of Organization, Certificate of Formation or a similar organizational document, other provisions of this operating agreementOperating Agreement, or under the laws of this statethe State of Nevada, each member shall vote on any matter submitted to the membership for approval by the managers of this LLC in proportion to the member's percentage ’s capital interest in this LLC. Further, unless defined otherwise for a particular stated in another provision of this operating agreementOperating Agreement, the phrase "“majority of members" ” means the vote a majority of members whose combined votes equal capital interests in this LLC represent more than 50% of the votes capital interests of all members in this LLC, and a majority of members, so defined, may approve any item of business brought before the membership for a vote.

Membership Voting. Except as otherwise may be required by the Articles of Organization, Certificate of Formation or a similar organizational documentFormation, other provisions of this operating agreement, or under the laws of this state, each member shall vote on any matter submitted to the membership for approval in proportion to the member's percentage interest in this LLC. Further, unless defined otherwise for a particular provision of this operating agreement, the phrase "majority of members" means the vote of members whose combined votes equal more than 50% of the votes of all members in this LLC.