Member Action. When a quorum is present at any meeting, all matters properly submitted to V Members for approval shall be determined by the holders of a majority of the voting power of the V Members and such determination shall be deemed to constitute the act of all the V Members.
Appears in 4 contracts
Sources: Limited Liability Company Agreement (Apollo Asset Backed Credit Co LLC), Limited Liability Company Agreement (Apollo Asset Backed Credit Co LLC), Limited Liability Company Agreement (Apollo Asset Backed Credit Co LLC)
Member Action. When a quorum is present at any meeting, all matters properly submitted to V Members Member(s) for approval shall be determined by the holders of a majority of the voting power of the V Members Member(s) and such determination shall be deemed to constitute the act of all the V MembersMember(s).
Appears in 1 contract
Sources: Limited Liability Company Agreement (PIMCO Asset-Based Lending Co LLC)