Common use of Voting in General Clause in Contracts

Voting in General. Except as set forth in Sections 2.2.2 or 2.2.3, all Units and Preferred Units shall vote together as one group. Subject to this Agreement, the Bylaws and actions taken by the Board of Managers and except as set forth in any applicable Certificate of Designations, Members shall be entitled to one vote for each Unit or Preferred Unit held by such Member on each matter on which the Units or Preferred Units are entitled to vote.

Appears in 4 contracts

Samples: Operating Agreement (JCM Partners LLC), Operating Agreement (JCM Partners LLC), Operating Agreement (JCM Partners LLC)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!