Common use of Votes Required to Approve Certain Actions Clause in Contracts

Votes Required to Approve Certain Actions. A Fundamental Business Transaction of the Company or an action that would make it impossible for the Company to carry out the ordinary business of the Company must be approved by the affirmative vote of all of the Members. For purposes of this Agreement, the term “Fundamental Business Transaction” shall mean a merger, interest exchange, conversion, or sale of all or substantially all of the Company’s assets.

Votes Required to Approve Certain Actions. A Fundamental Business Transaction of the Company or Company, an action by the Company that would make it impossible for the Company to carry out the ordinary business of the Company, or the filing by the Company of a petition for relief under the United States bankruptcy laws (Title 11, United States Code) must be approved by the affirmative vote of all of the Members. For purposes of this Agreement, the term “Fundamental Business Transaction” shall mean a merger, interest exchange, conversion, or sale of all or substantially all of the Company’s assets.

Votes Required to Approve Certain Actions. A Fundamental Business Transaction of the Company or an action that would make it impossible for the Company to carry out the ordinary business of the Company must be approved by the affirmative vote of all of the Members. For purposes of this Agreement, the term “Fundamental Business Transaction” shall mean a merger, interest exchange, conversion, or sale of all or substantially all of the Company’s assetsasset.