Rights and Powers of Members. In addition to the rights of the Members to remove and replace the Manager as provided in Section 3.7 and as otherwise provided for in Section 3.2, the Members shall have the right to vote upon and take any of the following actions upon the approval of a Majority, without the concurrence of the Manager, and such approval of a Majority, without the concurrence of the Manager, shall be required to allow or direct the Manager to:
Appears in 2 contracts
Samples: Operating Agreement (Yosemite Mortgage Fund Ii LLC), Operating Agreement (Yosemite Mortgage Fund Ii LLC)
Rights and Powers of Members. In addition to the rights of the Members to remove and replace the Manager as provided in pursuant to Section 3.7 3.8, and as otherwise provided for in Section 3.2, the Members shall have the right to vote upon and take any of the following actions upon the approval of a Majority, without the concurrence of the Manager, and such approval an affirmative vote of a Majority, without the concurrence of the Manager, Majority shall be required to allow or direct the Manager to:
Appears in 2 contracts
Samples: Operating Agreement (IMH Financial Corp), Restated Operating Agreement (IMH Secured Loan Fund, LLC)
Rights and Powers of Members. In addition to the rights of the Members to remove and replace the Manager as provided in Section 3.7 and as otherwise provided for in Section 3.2, the Members shall have the right to vote upon and take any of the following actions upon the approval of a Super Majority, without the concurrence of the Manager, and such approval an affirmative vote of a Majority, without the concurrence of the Manager, Super Majority shall be required to allow or direct the Manager to:
Appears in 2 contracts
Samples: Operating Agreement (Bayou City Exploration, Inc.), Operating Agreement (Bayou City Exploration, Inc.)
Rights and Powers of Members. In addition to the rights of the Members to remove and replace the Manager as provided in Section 3.7 and as otherwise provided for in Section 3.2, the Members shall have the right to vote upon and take any of the following actions upon the approval of a Majority, without the concurrence of the Manager, and such approval an affirmative vote of a Majority, without the concurrence of the Manager, Majority shall be required to allow or direct the Manager to:
Appears in 2 contracts
Samples: Operating Agreement (Bayou City Exploration, Inc.), Operating Agreement (Vestin Fund Iii LLC)
