Majority Vote of the Members definition

Majority Vote of the Members means the affirmative vote of the holders of a majority of the Outstanding Units held by the Members, which may be evidenced by the written consent of such Members.

Majority Vote of the Members means the affirmative vote of a majority of the votes represented and voting at a meeting of the Members duly called at which a quorum is present.

Majority Vote of the Members means an affirmative vote by Members holding a majority of Member votes. A “majority vote of the other Members”, a “majority vote of the remaining Members” and a “majority vote of the non- dissociated members” means an affirmative vote of Members holding all Member votes except those held by a specified Member as the context requires. This Section 13.a shall be liberally construed in support of Section 13.f's intent. b.

Examples of Majority Vote of the Members in a sentence

• The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) shall immediately proceed to wind up the affairs of the Company.

• Notwithstanding any provision herein to the contrary, upon the final, non-appealable judgment of a court of competent jurisdiction that a Manager has committed a Cause Act, a Manager may be removed at a special meeting called for that purpose by a Majority Vote of the Members.

• Immediately following the election of Governing Board Members, at the first meeting of the Governing Board, the officers shall be elected by Simple Majority Vote of the Members.

• Subject to the removal of the Initial Manager provisions of Section 5.06, at a meeting called expressly for the purpose, all or any lesser number of Managers may be removed at any time, with or without cause, by Majority Vote of the Members, provided that, if removal is for cause, removal may be effected by Majority Vote of the Members exclusive of the Member who is, or whose controlled entity is, the Manager that is the subject of removal for cause.

• Except as otherwise provided, the salaries and other compensation of the Manager, if any, shall be fixed from time to time by a Majority Vote of the Members.

More Definitions of Majority Vote of the Members

Majority Vote of the Members means the Vote or approval by Members holding more than 50% of the Membership Interests.

Majority Vote of the Members means the written consent or affirmative vote of Members holding a majority of the issued and outstanding Voting Units, each Member being entitled to one vote per Voting Unit.

Majority Vote of the Members means the approval, consent or authorization of the Members who own, at the time such action is taken, more than 50% of the Units of those Members entitled vote, whether such approval, consent or authorization is given at a Company meeting or through consents, proxies or other similar items in lieu of a Company meeting.

Majority Vote of the Members means the vote of the majority of the Outstanding Voting Units held by the Members, which vote may be recorded in the minutes of a meeting of the Members or in a written consent in lieu of a meeting.

Majority Vote of the Members means the vote or written consent of Legacy.

Majority Vote of the Members means, with respect to any vote required or permitted to be taken by the Members, the vote of more than fifty percent (50%) of the outstanding Units or other voting securities of the Company entitled to vote on a particular matter. The Units or other securities held by a Person who is not permitted to vote by reason of a conflict of interest or for other reasons specified in this Agreement or the Act, shall not be counted as outstanding securities entitled to vote for these purposes.

Majority Vote of the Members or “the Members by a Majority Vote” means the affirmative vote of a majority of the Units outstanding at such time and entitled to vote, regardless of whether those Units are represented at a meeting at which a vote will be taken, and if reference is made to a class of Units, then the affirmative vote of a majority of the Units of that class of Units outstanding at such time and entitled to vote.