Require Consent Clause Samples

Require Consent. Except with the consent of the Members holding a Majority of the Interests, which consent cannot be unreasonably withheld, the Manager(s) shall not: 5.2.2.1. enter in to a merger, consolidation, recapitalization or other reorganization of the Company or a sale of all or substantially all of the Company's assets; 5.2.2.2. enter into any equity financing or issue additional Interests in the Company; 5.2.2.3. borrow money for the Company and pledge, mortgage or grant security interests in any assets of the Company to secure such borrowings: 5.2.2.4. admit additional Members, other than pursuant to the provisions of Article IX hereof; 5.2.2.5. approve or adopt any equity incentive plans for employees or other Persons; 5.2.2.6. materially change the nature of the Company s Business; 5.2.2.7. amend, alter or otherwise modify any Interest or other interest or equity or debt security issued by the Company; 5.2.2.8. consent to any tax audit adjustment in respect of taxes; 5.2.2.9. create or allow the creation of any material lien with aspect to the property of the Company; or 5.2.2.10. make any loans or provide guarantees of liabilities of any other Person.