Restrictions on Termination Transactions. The Managing Member shall not engage in, or cause or permit, a Termination Transaction, unless either (x) the Termination Transaction has been approved by Members holding a majority of the Class B Units held by all Members (excluding the Managing Member and any Members controlled by the Managing Member) or (y) the following conditions are satisfied:
Appears in 3 contracts
Samples: Business Combination Agreement (Spree Acquisition Corp. 1 LTD), Limited Liability Company Agreement (OPAL Fuels Inc.), Business Combination Agreement (ArcLight Clean Transition Corp. II)
Restrictions on Termination Transactions. The Managing Member shall not engage in, or cause or permit, a Termination Transaction, unless either (x) the Termination Transaction has been approved by Members holding a majority of the Class B A Units held by all Members (excluding the Managing Member and any Members controlled by the Managing Member) ), including each Stockholder Party, or (y) the following conditions are satisfied:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Thunder Bridge Acquisition LTD), Limited Liability Company Agreement (Thunder Bridge Acquisition LTD)
Restrictions on Termination Transactions. The Neither the Managing Member nor the Managing Member shall not engage in, or cause or permit, a Termination Transaction, unless either other than (x) with the Termination Transaction has been approved by Members holding Consent of a majority Majority in Interest of the Class B Units held by all Members (excluding the Managing Member and any Members controlled by the Managing Member) Members, or (y) the following conditions are satisfiedeither:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Wayne Farms, Inc.)
Restrictions on Termination Transactions. The Managing Member shall not engage in, or cause or permit, a Termination Transaction, unless either (x) the Termination Transaction has been approved by Members holding a majority of the Class B A Units held by all Members (excluding the Managing Member and any Members controlled by the Managing Member) or (y) the following conditions are satisfied:
Appears in 1 contract
