Common use of Right to Bring Action Clause in Contracts

Right to Bring Action. One or more Members may bring a legal action in the name of the Company upon a Majority Vote of the Members, excluding the vote of any Member who has an interest in the outcome of the action that is adverse to the interest of the Company.

Right to Bring Action. One or more Members may bring a legal action in the name of the Company upon a Member Majority Vote Vote, provided, however, that for purposes of the Membersthis provision, excluding the vote of any Member who has an interest in the outcome of the action that is adverse to the interest of the CompanyCompany shall be excluded and Member Majority Vote shall mean the affirmative vote, approval or consent, as the case may be, of one or more Members holding greater than fifty percent (50%) of the remaining Interests.