Common use of Chairman of Meeting Clause in Contracts

Chairman of Meeting. A Manager may select any Person to preside as chairman of any meeting of the Members, and if such Person shall be absent from the meeting, or fail or be unable to preside, a Manager may name any other Person in substitution therefor as chairman. The chairman of the meeting shall designate a secretary for such meeting, who shall take and keep or cause to be taken and kept minutes of the proceedings thereof. The conduct of all Members’ meetings shall at all times be within the discretion of the chairman of the meeting and shall be conducted under such rules as the chairman may prescribe. The chairman shall have the right and power to adjourn any meeting at any time, without a vote of the Membership Interests present in person or represented by proxy, if the chairman shall determine such action to be in the best interests of the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Vivakor, Inc.), Limited Liability Company Agreement (Vivakor, Inc.), Limited Liability Company Agreement (Vivakor, Inc.)

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Chairman of Meeting. A The Manager may select any Person to preside as chairman of any meeting of the Members, and if such Person shall be absent from the meeting, or fail or be unable to preside, a the Manager may name any other Person in substitution therefor as chairman. The chairman of the meeting shall designate a secretary for such meeting, who shall take and keep or cause to be taken and kept minutes of the proceedings thereof. The conduct of all Members’ meetings shall at all times be within the discretion of the chairman of the meeting and shall be conducted under such rules as the chairman may prescribe. The chairman shall have the right and power to adjourn any meeting at any time, without a vote of the Membership Interests Units present in person or represented by proxy, if the chairman shall determine such action to be in the best interests of the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Vivakor, Inc.), Limited Liability Company Agreement (Vivakor, Inc.), Limited Liability Company Agreement (Vivakor, Inc.)

Chairman of Meeting. A The Manager may select any Person person to preside as chairman of any meeting of the Members, and if such Person person shall be absent from the meeting, or fail or be unable to preside, a the Manager may name any other Person person in substitution therefor as chairman. The chairman of the meeting shall designate a secretary for such meeting, who shall take and keep or cause to be taken and kept minutes of the proceedings thereof. The conduct of all Members’ meetings shall at all times be within the discretion of the chairman of the meeting and shall be conducted under such rules as the chairman he may prescribe. The chairman shall have the right and power to adjourn any meeting at any time, without a vote of the Membership Interests Units present in person or represented by proxy, if the chairman shall determine such action to be in the best interests of the CompanyFund.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Operating Agreement

Chairman of Meeting. A The Manager may select any Person person to preside as chairman Chairman of any meeting of the Members, and if such Person person shall be absent from the meeting, meeting or fail or be unable to preside, a the Manager may name any other Person person in substitution therefor as chairmanChairman. The chairman Chairman of the meeting shall designate a secretary for such meeting, who shall take and keep or cause to be taken and kept minutes of the proceedings thereof. The conduct of all Members' meetings shall at all times be within the discretion of the chairman Chairman of the meeting and shall be conducted under such rules as the chairman he may prescribe. The chairman Chairman shall have the right and power to adjourn any meeting at any time, without a vote of the Membership Interests Units present in person or represented by proxy, if the chairman Chairman shall determine such action to be in the best interests of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Terra Secured Income Fund 5, LLC)

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Chairman of Meeting. A Manager The Board of Managers may select any Person person to preside as chairman Chairman of any meeting of the Members, and if such Person person shall be absent from the meeting, or fail or be unable to preside, a Manager the Board of Managers may name any other Person person in substitution therefor as chairmanChairman. The chairman Chairman of the meeting shall designate a secretary for such meeting, who shall take and keep or cause to be taken and kept minutes of the proceedings thereof. The conduct of all Members’ meetings shall at all times be within the discretion of the chairman Chairman of the meeting and shall be conducted under such rules as the chairman he may prescribe. The chairman Chairman shall have the right and power to adjourn any meeting at any time, without a vote of the Membership Interests Units present in person or represented by proxy, if the chairman Chairman shall determine such action to be in the best interests of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement

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