Common use of Voting by Members Clause in Contracts

Voting by Members. All decisions made by the Managing Member shall be made in good faith and shall be final and binding upon the Company. To the maximum extent provided by Ohio law, the decisions of the Managing Member shall be deemed to satisfy the standards of conduct set forth in Section 1705.09 of the Act. Any matter submitted to a Vote of the Members or requiring approval of the Members shall be deemed to be passed if approved by the Members holding fifty-one percent (51%) or more of the Units then held by all Members. Notwithstanding the foregoing, no Member or Managing Member shall be permitted to take any of the following actions on behalf of the Company without the approval of a majority of the Members, which approval shall not be unreasonably withheld and shall be predicated upon reasonable business judgment:

Voting by Members. All decisions made by the Managing Member shall be made in good faith and shall be final and binding upon the CompanyCompany and the Members. To the maximum extent provided by Ohio law, the decisions of the Managing Member shall be deemed to satisfy the standards of conduct set forth in Section 1705.09 of the Act. Any matter submitted to a Vote of the Members or requiring approval of the Members shall be deemed to be passed if approved by the Members holding fifty-one percent (51%) or more of the Units then held by all Members. Notwithstanding the foregoing, no Member or Managing Member shall be permitted to take any of the following actions on behalf of the Company without the approval of a majority of the Members, which approval shall not be unreasonably withheld and shall be predicated upon reasonable business judgment: