Common use of Voting by a Member Clause in Contracts

Voting by a Member. Members who own Units shall be entitled to cast one vote for each Unit they own. Except as otherwise specifically provided in this Agreement, Members who own Units (but not Economic Interest Owners) shall have the right to vote only upon the following matters: 8.2.1 Removal of the Manager as provided in this Agreement; 8.2.2 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; 8.2.3 Amendment of this Agreement; 8.2.4 Any merger or combination of the Company or roll-up of the Company; and 8.2.5 Dissolution and winding up of the Company as set forth in Section 13.1.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement