Common use of Organization; Procedure Clause in Contracts

Organization; Procedure. At every meeting of the Members, the presiding officer shall be the Manager or, in the event of its absence or disability, a presiding officer chosen by those Members present in person or by proxy holding in the aggregate a majority of the Class A Units. Such presiding officer shall act as secretary of the meeting. The order of business and all other matters of procedure at every meeting of Members may be determined by such presiding officer.

Appears in 2 contracts

Samples: Subscription Agreement (Comstock Holding Companies, Inc.), Subscription Agreement (Comstock Holding Companies, Inc.)

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Organization; Procedure. At every meeting of the Members, Members the presiding officer shall be the Manager Chairman of the Board or, in the event of its his absence or disability, the Chief Operating Officer or, in the event of his absence or disability, a presiding officer chosen by those a majority of the Members present in person or by proxy holding in the aggregate a majority proxy. The Chief Operating Officer or an appointee of the Class A Units. Such presiding officer shall act as secretary of the meeting. The order of business and all other matters of procedure at every meeting of Members may be determined by such presiding officer.

Appears in 2 contracts

Samples: Operating Agreement (Cal Maine Foods Inc), Agreement to Form a Limited Liability Company (Cal Maine Foods Inc)

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Organization; Procedure. At every meeting of the Members, the presiding officer shall be the Manager or, in the event of his, her or its absence or disability, a presiding officer chosen by those Members present in person or by proxy holding in the aggregate a majority of the Class A UnitsCompany Interests. Such presiding officer The Manager or any other person appointed by him, her or it shall act as secretary of the meeting. The order of business and all other matters of procedure at every meeting of Members may be determined by such presiding officer.

Appears in 1 contract

Samples: Operating Agreement (Comstock Holding Companies, Inc.)

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