Examples of Extraordinary Matters in a sentence
Except as otherwise specified in this Agreement the vote of Common Members holding a majority of the Common Units, except with respect to Extraordinary Matters, shall be sufficient to authorize any action requiring the approval of Members in accordance with the Act or this Agreement.
The Common Members, and only Common Members, shall have the exclusive right to vote in the election/removal of the Manager and except with respect to Extraordinary Matters, on all other matters without exception which in accordance with the Act, the Certificate of Formation or as specified in this Agreement requires Member action, a vote, consent or approval.
The Executive Committees shall be authorized to take action on all matters, including Extraordinary Matters that may be authorized by the Board of Directors under this Agreement or otherwise.
Other than for Extraordinary Matters (as defined below), a quorum of the Board shall be a majority of the Board including a minimum of two Series B Directors, unless such Series B Directors fail to be present after a first call, in which case a quorum shall be a majority of the Board with or without such Series B Directors.
Resolution of Extraordinary Matters shall be by means of negotiations between TopSpin and Born Free, with any outcome that would involve payment (including, without limitation, payment in kind, set off, waiver of amounts due to the Company and other similar arrangement) being made to Born Free and/or the mold supplier in excess of 180,000 Euros being subject to Anavid’s prior written approval which shall not be unreasonably withheld, prior to Closing.