Quorum; Voting Requirement. (a) The presence, in person or by proxy, of the Class A Member will constitute a quorum for the transaction of business by the Members. (b) The Class A Member shall have sole voting rights as to all matters submitted to a vote of the Members.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Memorial Production Partners LP), Limited Liability Company Agreement (Memorial Production Partners LP)
Quorum; Voting Requirement. (a) The presence, in person or by proxy, of Members holding a majority of the Class A Member then outstanding Membership Interests will constitute a quorum for the transaction of business by the Members.
(b) The Class A Each Member shall have sole voting rights directly proportionate to its Membership Interest as to all matters submitted to a vote of the Members.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (New Source Energy Partners L.P.), Limited Liability Company Agreement (New Source Energy Partners L.P.)
