Common use of Voting by a Member Clause in Contracts

Voting by a Member. Members shall be entitled to cast one vote for each Percentage Interest attributable to their Membership Interest. Except as otherwise specifically provided in this Agreement, Members shall have the right to vote only upon the following matters: 8.2.1 Admission of the Manager or election to continue the business of the Company after the Manager ceases to be the Manager when there is no remaining Manager;

Appears in 2 contracts

Sources: Operating Agreement (Ridgewood Properties Inc), Operating Agreement (Ridgewood Properties Inc)

Voting by a Member. Members shall be entitled to cast one vote for each Percentage Interest attributable to their Membership Interest. Except as otherwise specifically provided in this Agreement, Members (but not Economic Interest Owners) shall have the right to vote only upon the following matters: 8.2.1 Admission of the Manager or election to continue the business of the Company after the Manager ceases to be the Manager when there is no remaining Manager;

Appears in 1 contract

Sources: Operating Agreement (Ridgewood Properties Inc)