Common use of Membership Classes Clause in Contracts

Membership Classes. There shall be only one class of membership and no Member shall have any rights or preferences in addition to or different from those possessed by any other Member. Each Member shall Vote in proportion to the Member's Percentage Interest as of the record date. Any action that may be taken by the Members shall be made by a Majority of Members, except that the following actions shall require the unanimous Vote of the Members: (a) a decision to continue the business of the Company after any a death of a Member, the withdrawal of a Member, or any event set forth in Section 7.3(a), (b) or (c); (b) the admission of an Assignee as a Substituted Member; (c) any amendment of the Articles of Organization or this Agreement; or (d) a compromise of the obligation of a Member to make a Capital Contribution.