Nominations for Governors. One or more nominees for Governor positions up for election shall be named by the then current Governors or by a nominating committee established by the Governors. Nominations for the election of Governors may also be made by any Class A Member or Class B Member entitled to vote generally in the election of Governors; provided, however, that in the case of any Class B Member, nominations for the election of Governors may only be made by a Class B Member who holds or Class B Members who hold in the aggregate at least ten percent (10%) of the then issued and outstanding Class B Units. However, any Class A Member or Class B Member that intends to nominate one or more persons for election as Governors at a meeting may do so only if written notice of such Member’s intent to make such nomination or nominations has been given, either by personal delivery or by United States mail, postage prepaid, to the Secretary of the Company not less than sixty (60) days nor more than ninety (90) days prior to the annual meeting of the Company. Each such notice to the Secretary shall set forth:
Appears in 4 contracts
Samples: Operating Agreement (Granite Falls Energy, LLC), Operating Agreement (Granite Falls Energy, LLC), Operating Agreement
