Voting by the Members Sample Clauses
The "Voting by the Members" clause defines the procedures and requirements for how members of an organization or entity make decisions through voting. It typically outlines who is eligible to vote, the method by which votes are cast (such as in person, by proxy, or electronically), and the threshold needed for a decision to pass, such as a simple majority or a supermajority. This clause ensures that the decision-making process is transparent, orderly, and democratic, helping to prevent disputes and clarify how collective choices are made within the group.
Voting by the Members. To the extent that holders of Units in the Company are provided with the right to vote hereunder or as required under the Act, the Members shall be entitled to cast one vote for each Percentage Interest attributable to their Membership Interest. Except as otherwise specifically provided in this Agreement, Members (but not Economic Interest Owners) with the right to vote shall have the right to vote only upon the following matters:
Voting by the Members. Except as otherwise set forth in this Agreement, each Member shall be entitled to cast one vote. Except as otherwise specifically provided in this Agreement, Members (but not Economic Interest Owners) shall have the right to vote upon the following matters:
8.2.1 Dissolution and winding up of the Company as set forth in Section 13.1.2;
8.2.2 Amendment of this Agreement unless otherwise provided herein; or
8.2.3 Any merger or combination of the Company or roll-up of the Company.
Voting by the Members. Members shall be entitled to cast one vote for each Unit they own. Except as otherwise specifically provided in this Agreement, Members (but not Economic Interest Owners) shall have the right to vote only upon the following matters:
8.2.1 Removal of the Manager as provided in Section 9.2;
8.2.2 Admission of the Manager or election to continue the business of the Company after the Manager ceases to be the Manager when there is no remaining Manager;
8.2.3 Amendment of this Agreement (unless otherwise provided for herein);
8.2.4 Any merger or combination of the Company or roll-up of the Company; and
8.2.5 Election to continue the business of the Company as set forth in Section 13.1.2.
Voting by the Members. Members shall be entitled to cast one vote for each Unit they own. Except as otherwise specifically provided in this Agreement, Members (but not Economic Interest Owners) shall have the right to vote only upon the following matters:
8.2.1 Removal of a Manager as provided in Section 9.2;
8.2.2 Admission of the Manager or election to continue the business of the Fund after the Manager ceases to be the Manager when there is no remaining Manager;
8.2.3 Amendment of this Agreement (unless otherwise provided for herein);
8.2.4 Any merger or combination of the Fund or roll-up of the Fund;
8.2.5 Dissolution and winding up of the Fund as set forth in Section 13.1; and
8.2.6 Election to continue the business of the Fund as set forth in Section 13.1.2.
Voting by the Members. (a) Each Unit will entitle the holder thereof to one vote on all matters to be voted on by the Members. Except as otherwise expressly provided in this Agreement, the holders of Units having voting rights will vote together as a single class on all matters to be approved by the Members.
(b) Meetings of the Members may be called by the Manager and shall be called by the Manager upon the written request of Members holding at least 25% of the outstanding Units. Such request shall state the location of the meeting and the nature of the business to be transacted at the meeting. Written notice of any such meeting shall be given to all Members not less than five Business Days nor more than 30 days prior to the date of such meeting. Members may vote in person, by proxy or by telephone at any meeting of the Members and may waive advance notice of such meeting. Whenever the vote or consent of Members is permitted or required under this Agreement, such vote or consent may be given at a meeting of the Members or may be given in accordance with the procedure prescribed in this Section 3.04. Except as otherwise expressly provided in this Agreement, the affirmative vote of the Members holding a majority of the outstanding Units shall constitute the act of the Members.
(c) Each Member may authorize any Person or Persons to act for it by proxy on all matters in which such Member is entitled to participate, including waiving notice of any meeting, or voting or participating at a meeting. Every proxy must be signed by such Member or its attorney-in-fact. No proxy shall be valid after the expiration of 11 months from the date thereof unless otherwise provided in the proxy. Every proxy shall be revocable at the pleasure of the Member executing it.
(d) Each meeting of Members shall be conducted by an Officer designated by the Manager or such other individual person as the Manager deems appropriate.
(e) Any action required or permitted to be taken by the Members may be taken without a meeting if the requisite Members whose approval is necessary consent thereto in writing.