Common use of Sole and Absolute Discretion Clause in Contracts

Sole and Absolute Discretion. Except as otherwise provided in this Agreement, all actions which the Managing Member may take and all determinations which any Managing Member may make pursuant to this Agreement may be taken and made at the sole and absolute discretion of such Managing Member. In the event there shall be more than one Managing Member, all such actions and determinations shall be taken and made by the unanimous vote of all Managing Members.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Interactive Brokers Group, Inc.), Limited Liability Company Agreement (Interactive Brokers Group, Inc.), Limited Liability Company Agreement (IBG Holdings LLC)

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Sole and Absolute Discretion. Except as otherwise provided in this Agreement, all actions which the Managing Member may take and all determinations which any the Managing Member may make pursuant to this Agreement may be taken and made at the sole and absolute discretion of such the Managing Member. In the event there shall be more than one Managing Member, all such actions and determinations shall be taken and made by the unanimous vote of all Managing Members.

Appears in 2 contracts

Samples: Partnership Agreement (Ims Health Inc), Agreement (Ims Health Inc)

Sole and Absolute Discretion. Except as otherwise provided in this AgreementAgreement (including Article V), all actions which the Managing Member may take and all determinations which any the Managing Member may make pursuant to this Agreement may be taken and made at the sole and absolute discretion of such the Managing Member. In the event there shall be more than one Managing Member, all such actions and determinations shall be taken and made by the unanimous vote of all Managing Members.

Appears in 2 contracts

Samples: Operating Agreement (Atlas Pipeline Partners Lp), Operating Agreement (Atlas Pipeline Partners Lp)

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Sole and Absolute Discretion. Except as otherwise provided in this Agreement, all actions which the Managing Member may take and all determinations which any the Managing Member may make pursuant to this Agreement may be taken and made at the sole and absolute discretion of such the Managing Member. In the event there shall be more than one Managing Member, all such actions and determinations shall be taken and made by the unanimous vote of all Managing Members.

Appears in 2 contracts

Samples: Operating Agreement (Interactive Brokers Group, Inc.), Operating Agreement (Interactive Brokers Group, Inc.)

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