Approval of the Members. The Members shall have the right, on behalf of all individuals at any time having any interest in the Trust, to approve any action taken or omitted by the Trust Committee.
Approval of the Members. Certain matters described below shall be subject to the prior approval of one or more Members as more specifically set forth below. In each case, the Manager shall give to each of the Members notice requesting such approval, accompanied by a description in reasonable detail of the matter set forth below.
Approval of the Members. For purposes of this Agreement, “Approval of the Members” means approval by all of the Members. If a decision requires a “majority of the members,” that means the decision voted on requires the affirmative vote of the Members of the Company owning more that 50% of the Membership Interests.
Approval of the Members. Notwithstanding any other provision in this Agreement to the contrary, the following acts will require the approval of Members representing 80% of the outstanding Percentage Interest of the Company:
Approval of the Members. The following actions of the Company shall require the approval of all Members of the Company:
(a) The entering into of any transactions with Affiliates of either Member; "Affiliate" means an individual or entity that directly, or indirectly, through one or more intermediaries, controls or is controlled by, or is under common control with, any Member;
Approval of the Members. Unless specified otherwise in this Agreement or required by the Act, the approval of the Members having a majority of fifty-one percent (51%) of the Percentage Interests at a meeting where a quorum is present shall constitute the action of the Members. Assignees shall not be considered Members entitled to vote for the purpose of determining such supermajority.
Approval of the Members. “Approval of the Members” shall have the meaning set forth in Section 4.8(e). 1.9
Approval of the Members. Notwithstanding any other provision of this Agreement, the Managing Member shall not have the authority, without the written consent of the Members owning a majority of the Membership Interests in the Company, to:
(i) do any act in contravention of this Agreement or any applicable law or regulation, or receive any rebate or give-up or participate in any reciprocal business arrangements that circumvent the provisions hereof;
(ii) do any act in contravention of any documents binding upon or otherwise affecting the Company or the Managing Member;
(iii) knowingly commit any act that would subject any Member to liability as a general partner in any jurisdiction in which the Company transacts business; or
(iv) cause the Company to be treated other than as a partnership for purposes of the Code.
