Common use of Voting; Approval of the Members Clause in Contracts

Voting; Approval of the Members. Except as otherwise provided herein, each Member holding Voting Units shall initially be entitled to one vote for each Voting Unit held by such Member on each matter expressly provided by this Agreement to be brought before the Members for a vote, approval or consent. At such time as the Sharing Ratios of the Members holding Voting Units are no longer directly proportional to the portion of Voting Units held by the Members, the Members holding Voting Units shall be entitled to cast that number of votes based on their respective Sharing Ratios, with the total number of votes to be cast equal to one hundred (100), and each Member casting that number of votes equal to their respective Sharing Ratios (including fractional votes), expressed as a percentage.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement (Ada-Es Inc), Operating Agreement (Ada-Es Inc)

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Voting; Approval of the Members. Except as otherwise provided herein, each Each Member holding Voting Units shall initially be entitled to one vote for each Voting Unit held by such Member on each matter expressly provided by this Agreement to be brought before the Members for a vote, approval vote or consentapproval. At such time as the Sharing Ratios of the Members holding Voting Units are no longer directly proportional to the portion number of Voting Units held by the Members, the Members holding Voting Units shall be entitled to cast that number of votes based on their respective Sharing Ratios, with the total number of votes to be cast equal to one hundred (100), and each Member casting that number of votes equal to their respective Sharing Ratios (including fractional votes), expressed as a percentage.

Appears in 1 contract

Samples: Operating Agreement (Ada-Es Inc)

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