Common use of Number of Total Directors Clause in Contracts

Number of Total Directors. The number of Directors of the Company shall be a minimum of eight (8) and a maximum of fifteen (15). The Directors may change from time to time the total number of Directors within this variable range by resolution approved by a majority vote of the Directors. The relative ratio of the number of Directors elected pursuant to section 5.3(a) below to Directors appointed pursuant to section 5.3(c) below shall always result in a majority of elected Directors.

Appears in 2 contracts

Samples: Operating Agreement (Cardinal Ethanol LLC), Operating Agreement (Cardinal Ethanol LLC)

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Number of Total Directors. The total number of Directors of the Company shall be a minimum of eight seven (8) 7) and a maximum of fifteen maximum of thirteen (1513). The ; and the number of Directors may change be fixed or changed from time to time the total number of Directors time, within this that variable range range, by resolution approved by a majority vote of the Directors. The relative ratio of Members may increase or decrease the number of Directors elected pursuant last approved and may change from a variable range to section 5.3(a) below to Directors appointed pursuant to section 5.3(c) below shall always result in a fixed number or visa versa by the affirmative vote of a majority of elected Directorsthe Membership Voting Interests represented at a meeting of the Members (in person, by proxy, or by mail ballot).

Appears in 2 contracts

Samples: Operating Agreement (Iowa Renewable Energy, LLC), Operating Agreement (Iowa Renewable Energy, LLC)

Number of Total Directors. The total number of Directors of the Company shall be a minimum of eight seven (8) 7) and a maximum of fifteen thirteen (1513). The Directors Members may change from time to time the total number of Directors within this variable range by resolution approved by a majority vote of the Directors. The relative ratio of increase or decrease the number of Directors elected pursuant last approved and may change from a variable range to section 5.3(a) below to Directors appointed pursuant to section 5.3(c) below shall always result in a fixed number or visa versa by majority of elected Directorsvote at any annual or special meeting.

Appears in 2 contracts

Samples: Operating Agreement (Western Iowa Energy, L.L.C.), Operating Agreement

Number of Total Directors. The total number of Directors of the Company shall be a minimum of eight seven (8) 7) and a maximum of fifteen thirteen (1513). The Directors Class A Members and Class B Members, voting as a single class, may change from time to time the total number of Directors within this variable range by resolution approved by a majority vote of the Directors. The relative ratio of increase or decrease the number of Directors elected pursuant last approved and may change from a variable range to section 5.3(a) below to Directors appointed pursuant to section 5.3(c) below shall always result in a fixed number or vice versa upon the approval of the Members holding a majority of elected Directorsthe Membership Voting Interests represented by the Class A Units and Class B Units represented at any annual or special meeting.

Appears in 1 contract

Samples: Operating Agreement

Number of Total Directors. The total number of Directors of the Company shall be a minimum of eight seven (8) 7) and a maximum of fifteen (15). The Directors Members may change from time to time the total number of Directors within this variable range by resolution approved by a majority vote of the Directors. The relative ratio of increase or decrease the number of Directors elected pursuant last approved and may change from a variable range to section 5.3(a) below to Directors appointed pursuant to section 5.3(c) below shall always result a fixed number or visa versa by an action by the Members in a majority accordance with Section 6.10 of elected Directorsthis Agreement.

Appears in 1 contract

Samples: Operating Agreement (First United Ethanol LLC)

Number of Total Directors. The total number of Directors of the Company shall be a minimum of eight (8) 7 and a maximum of fifteen (15), until the first annual or special meeting of the members following substantial completion of the construction of the Facilities at which time the number of Directors shall be a minimum of 7 and a maximum of 15 subject to the appointment of additional Directors pursuant to section 5.3(c) below. The Members may increase or decrease the number of Directors last approved and may change from time to time the total number of Directors within this a variable range to a fixed number or visa versa by resolution approved by a majority vote of at any annual or special meeting. However, the Directors. The relative ratio of the number of elected Directors elected pursuant to section 5.3(a) below to appointed Directors appointed pursuant to section 5.3(c) below shall always result in a majority of elected Directors.

Appears in 1 contract

Samples: Operating Agreement (Northwest Iowa Renewable Energy LLC)

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Number of Total Directors. The total number of Directors of the Company shall be a minimum of eight seven (8) 7) and a maximum of fifteen (15). The initial number of directors shall be eleven (11). The Board of Directors may change from time to time increase or decrease the total number of Directors comprising the entire Board of Directors at any time within this variable range by resolution approved by a majority vote of the Directors. The relative ratio of foregoing range; provided, however, that no decrease in the number of Directors elected pursuant to section 5.3(a) below to making up the entire Board of Directors appointed pursuant to section 5.3(c) below shall always result in a majority the shortening of elected Directorsthe term of any incumbent Director.

Appears in 1 contract

Samples: Operating Agreement (Siouxland Renewable Holdings, LLC)

Number of Total Directors. The total number of Directors of the Company shall be a minimum of eight seven (8) 7) and a maximum of fifteen (15). The Directors Members may change from time to time the total number of Directors within this variable range by resolution approved by a majority vote of the Directors. The relative ratio of increase or decrease the number of Directors elected pursuant last approved and may change from a variable range to section 5.3(aa fixed number or visa versa by an action by the Members in accordance with Section 6.10 of this Agreement; provided, however, that the Members may only increase the maximum number of Directors above fifteen (15) below to Directors appointed pursuant to section 5.3(cby a super majority vote of seventy-five percent (75%) below shall always result in a majority of elected Directorsthe Membership Voting Interests.

Appears in 1 contract

Samples: Operating Agreement (First United Ethanol LLC)

Number of Total Directors. The total number of Directors of the Company shall be a minimum of eight seven (8) 7) and a maximum of fifteen Thirteen (1513). The ; and the number of Directors may change be fixed or changed from time to time the total number of Directors time, within this that variable range range, by resolution approved by a majority vote of the Directors. The relative ratio of Members may increase or decrease the number of Directors elected pursuant last approved and may change from a variable range to section 5.3(a) below to Directors appointed pursuant to section 5.3(c) below shall always result in a fixed number or vice versa by majority of elected Directorsvote at any annual or special meeting.

Appears in 1 contract

Samples: Operating Agreement (Western Dubuque Biodiesel, LLC)

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