Management and Voting. Section 2.1 – Member Management. The Company shall be managed solely by the Member, who may be known as and hold whatever title(s) the Member chooses.
Management and Voting. This article defines how the LLC will be managed and how members will vote on important decisions. It can be either member-managed or manager-managed. In a member-managed LLC, all members have equal authority and responsibility to run the business.
Management and Voting. 4.1 A Manager 4 4.2 The Plan 5 4.3 Financing and Hedging 6 4.4 Delegation to the B Manager 6 4.5 Class B Member Approvals 7 4.6 Exculpation and Indemnification 8 4.7 Insurance 10 ARTICLE V CAPITALIZATION 5.1 Commitments and Capital Contributions 10 5.2 Capital Contributions 11 5.3 Return of Unused Capital Contributions 11 5.4 Return of Capital Contributions 11
Management and Voting. The Mining Venture shall be controlled by simple majority vote of a management committee. Each Party shall have a vote equal to its participating interest at the time the vote occurs. Uranerz shall act as manager for the Mining Venture subject to the control of the management committee.
Management and Voting. Management The management of the business and affairs of P66 Opco will be vested solely in Opco General Partner, and no limited partner will be entitled to any management power over the business and affairs of P66 Opco. Opco General Partner may not be removed as the general partner of P66 Opco without its consent.Notwithstanding the foregoing, each of the following matters will require either the unanimous approval or the approval of the limited partners of P66 Opco representing greater than 75% of the limited partnership interests (collectively, the “Required Approval Matters”), which approval shall not be unreasonably withheld, conditioned or delayed: any reorganization, merger, consolidation or similar transaction of P66 Opco or the sale of all or substantially all of P66 Opco’s assets; the creation of any new class of P66 Opco equity interests, issuance of additional P66 Opco equity interests or the issuance of any security that is convertible into a P66 Opco equity interest; admission of new partners or the withdrawal of any person as a partner of P66 Opco; the filing of voluntary bankruptcy proceedings, or consenting to the appointment of or the taking possession by a receiver, liquidator, assignee, custodian, trustee or sequestrator (or similar official) of P66 Opco or any of its subsidiaries or for any substantial part of P66 Opco’s or any of its subsidiaries’ property, or the making of any general assignment for the benefit of creditors; any modification to the amount, timing, frequency or method of calculation of distributions to the partners of P66 Opco; (i) approval of any distribution in kind of P66 Opco’s assets to its partners; (ii) approval of any distribution in kind of P66 Opco’s cash and property on a non-pro rata basis; and (iii) the determination of the value assigned to in-kind distributions of property; changing P66 Opco’s tax elections; transfers of a partner’s interest in P66 Opco to any third party; and any other matter expressly requiring the approval of a supermajority of limited partners.
Management and Voting. FC Bev shall be managed by its members provided that for conveniexxx, the parties may appoint an officer or manager to manage day-to-day matters. With respect to any matter submitted to a vote of Newco's members, Formation and Northbrook shall be entitled to vote their proportionate share of the Class A shares and shall use their best efforts to structure Newco's operating agreement to permit such vote sharing. Northbrook shall not be a member of or participate in the management or voting of FCAM or any entity formed by Formation to serve as manager of Newco.
Management and Voting
