Common use of Class C Members Clause in Contracts

Class C Members. Class C Members shall be entitled to vote on all matters coming to a vote of the Class C Members. Each Class C Member may cast one vote for each Class C Capital Unit held by the Class C Member on each matter brought to a vote of the Class C Members. On all matters to be voted upon by the Class C Members, the affirmative vote of the holders of a majority of the Class C Capital Units shall be the act of the Class C Members.

Appears in 1 contract

Sources: Operating Agreement (Great Plains Ethanol LLC)

Class C Members. Class C Members shall be entitled to vote on all matters coming to a vote of the Class C MembersMembers as provided in Section 3.8(f). Each Class C Member may cast one only one (1) vote for each Class C Capital Unit held by the Class C Member on each matter brought to a vote of the Class C Capital Members, regardless of the number of Class C Units owned. On all matters to be voted upon by the Class C Members, the affirmative vote of the holders of a majority of the Class C Capital Units Members voting on the matter at hand shall be the act of the Class C Members, except as otherwise provided herein.

Appears in 1 contract

Sources: Operating Agreement

Class C Members. Class C Members shall be entitled to vote on all matters coming to a vote of the Class C Members. Each Class C Member may cast one vote for each Class C Capital Unit held owned by the Class C Member on each matter brought to a vote of the Class C Members. On all matters to be voted upon by the Class C Membersand B Members will vote together, the affirmative vote of the holders of as a majority of the Class C Capital Units shall be the act of the Class C Membersseparate class, on matters described under Sections 3.9(e), 8.4 and 8.

Appears in 1 contract

Sources: Operating Agreement (Western Plains Energy LLC)