Common use of Class B Members Clause in Contracts

Class B Members. Class B Members shall be entitled to vote on all matters coming to a vote of the Class B Members. Each Class B Member may cast one vote for each Class B Capital Unit held by the Class B Member on each matter brought to a vote of the Class B Members. On all matters to be voted upon by the Class B Members, the affirmative vote of the holders of a majority of the Class B Capital Units shall be the affirmative act of the Class B Members.

Appears in 3 contracts

Sources: Operating Agreement (Great Plains Ethanol LLC), Operating Agreement (Great Plains Ethanol LLC), Operating Agreement (Great Plains Ethanol LLC)

Class B Members. Class B Members shall be entitled to vote on all matters coming to a vote of the Class B MembersMembers as provided in Section 3.8(e). Each Class B Member may cast one only one (1) vote for each Class B Capital Unit held by the Class B Member on each matter brought to a vote of the Class B Members, regardless of the number of Class B Units owned. On all matters to be voted upon by the Class B Members, the affirmative vote of the holders of a the majority of the Class B Capital Units Members voting on the matter at hand shall be the affirmative act of the Class B Members, except as otherwise provided herein.

Appears in 1 contract

Sources: Operating Agreement

Class B Members. Class B Members shall be entitled to vote on all matters coming to a vote of the Class B Members. Each Class B Member may cast one vote for each Class B Capital Unit held owned by the Class B Member on each matter brought to a vote of the Class B Members. On all matters to be voted upon by the Class B Membersand C Members will vote together, the affirmative vote of the holders of as a majority of the Class B Capital Units shall be the affirmative act of the Class B Membersseparate class, on matters described under Sections 3.9(e), 8.4 and 8.

Appears in 1 contract

Sources: Operating Agreement (Western Plains Energy LLC)

Class B Members. Class B Members shall be entitled to vote on all matters coming to a vote of the Class B MembersMembers as provided in Section 3.8(e), Section 8.4(b) and Section 8.6. Each Class B Member may cast one (1) vote for each Class B Capital Unit held by the Class B Member on each matter brought to a vote of the Class B Members. On all matters to be voted upon by the Class B Members, the affirmative vote of the holders of a majority of the Class B Capital Units shall be the affirmative act of the Class B Members.

Appears in 1 contract

Sources: Operating Agreement