Common use of Votes Requiring Approval of a Majority of Interests of all Members Clause in Contracts

Votes Requiring Approval of a Majority of Interests of all Members. A vote of a Majority of Interests of all Members is required to: · Fill a vacancy after the Manager has resigned or been removed (see Article 8.7); · Admit an Additional Member to the Company from the sale of Additional Units (per Article 11 hereof); and · Appoint a new “partnership representative” (per Appendix C, Section 5).

Appears in 11 contracts

Samples: Operating Agreement (Cardone Equity Fund IX, LLC), Operating Agreement (Cardone Equity Fund VI, LLC), Operating Agreement

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Votes Requiring Approval of a Majority of Interests of all Members. A vote of a Majority of Interests of all Members is required to: · Approve any Major Decision (see Article 6.4); · Fill a vacancy after the Manager has resigned or been removed (see Article 8.7); · Admit an Additional Member to the Company from the sale of Additional Units (per Article 11 11.2 hereof); and · Appoint a new “partnership representativetax matters member” (per Appendix C, Section 5); · Exchange the Property for another under Internal Revenue Code Section 1031; and · Any other matter that a Member or the Manager wishes to put to a vote of the Members.

Appears in 11 contracts

Samples: Company Agreement (Paradyme Equities, LLC), Company Agreement (Paradyme Equities, LLC), Company Agreement (Paradyme Equities, LLC)

Votes Requiring Approval of a Majority of Interests of all Members. A vote of a Majority of Interests of all Members is required to: · * Approve any Major Decision (see Article 6.4); * Fill a vacancy after the Manager has resigned or been removed (see Article 8.7); · * Admit an Additional Member to the Company from the sale of Additional Units (per Article 11 11.2 hereof); and · * Appoint a new “partnership representative” tax matters member (per Appendix C, Section 5); * Exchange the Property(s) for another under Internal Revenue Code Section 1030; and * Any other matter that a Member or the Manager wishes to put to a vote of the Members.

Appears in 8 contracts

Samples: Subscription Agreement (Gilmore Homes - Gilmore Loans, LLC), Subscription Agreement (Gilmore Homes - Gilmore Loans, LLC), Subscription Agreement (Gilmore Homes - Gilmore Loans, LLC)

Votes Requiring Approval of a Majority of Interests of all Members. A vote of a Majority of Interests of all Members is required to: · Fill a vacancy after the Manager has resigned or been removed (see Article 8.7); · Admit an Additional Member to the Company from the sale of Additional Units (per Article 11 hereof); and · Appoint a new “partnership representative” (per Appendix C, Section 5).

Appears in 3 contracts

Samples: Operating Agreement (HIS Capital Fund III, LLC), Operating Agreement (HIS Capital Fund III, LLC), Operating Agreement (HIS Capital Fund III, LLC)

Votes Requiring Approval of a Majority of Interests of all Members. A vote of a Majority of Interests of all Members is required to: · Approve any Major Decision (see Article 6.4); · Fill a vacancy after the Manager has resigned or been removed (see Article 8.7); · Admit an Additional Member to the Company from the sale of Additional Units (per Article 11 11.2 hereof); and · Appoint a new “partnership representativePartnership Representative” (per Appendix C, Section 5); and · Any other matter that the Manager or a Member or Members holding a. minimum Percentage Interest totaling five percent (5%) wishes to put to a vote of the Members.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Mission First Capital LLC), Limited Liabiltiy Company Agreement (Mission First Capital LLC), Limited Liabiltiy Company Agreement (Mission First Capital LLC)

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Votes Requiring Approval of a Majority of Interests of all Members. A vote of a Majority of Interests of all Members is required to: · Approve any Major Decision (see Article 6.4); · Fill a vacancy after the Manager has resigned or been removed (see Article 8.7); · Admit an Additional Member to the Company from the sale of Additional Units (per Article 11 11.2 hereof); and · Appoint a new “partnership representativetax matters member” (per Appendix C, Section 5); · Exchange a Property for another under Internal Revenue Code Section 1031; and · Any other matter that a Member or the Manager wishes to put to a vote of the Members.

Appears in 1 contract

Samples: Company Agreement (Tulsa Real Estate Fund, LLC)

Votes Requiring Approval of a Majority of Interests of all Members. A vote of a Majority of Interests of all Members is required to: · • Approve any Major Decision (see Article 6.4); • Fill a vacancy after the Manager has resigned or been removed (see Article 8.7); · Admit an Additional Member to the Company from the sale of Additional Units (per Article 11 hereof); and · Appoint a new “partnership representative” (per Appendix C, Section 5).Article

Appears in 1 contract

Samples: Operating Agreement

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