Vote on Action by Members. Unless otherwise required by law or this Agreement, any and all actions requiring Members’ approval shall be considered approved if any Member(s) that own at least fifty-one percent (51%) of the outstanding membership interest (“majority in interest”) approve such action. Any and all other actions requiring Members’ approval shall be considered approved if any Member(s) that own the specified membership interest set forth by applicable law approve such action.
Appears in 39 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
