Common use of Voting on Procedural and Other Matters Clause in Contracts

Voting on Procedural and Other Matters. Except for Class voting matters in Section 4.5(d), the Members shall take action at a Members meeting on procedural and other matters determined by the Chair by the affirmative vote of the Members (each Member with one vote), without regard to the Class or the Units held, unless objected to by the majority of the voting power of any Class present at the meeting.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (U. S. Premium Beef, LLC), Limited Liability Company Agreement, Limited Liability Company Agreement (U. S. Premium Beef, LLC)

AutoNDA by SimpleDocs

Voting on Procedural and Other Matters. Except for Class voting matters in Section 4.5(d4.4(c), the Members shall take action at a Members meeting on procedural and other matters as determined by the Chair by the affirmative vote of the Members (each Member with one vote), without regard to the Class or the Units held, unless objected to by the majority of the voting power of any Class present at the meeting.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Ozark Ethanol LLC), Operating Agreement (Millennium Ethanol, LLC), Operating Agreement (Bootheel Agri-Energy 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!