Votes Required to Approve Certain Actions Sample Clauses

Votes Required to Approve Certain Actions. A Fundamental Business Transaction of the Company or an action that would make it impossible for the Company to carry out the ordinary business of the Company must be approved by the affirmative vote of all of the Members. For purposes of this Agreement, the term “Fundamental Business Transaction” shall mean a merger, interest exchange, conversion, or sale of all or substantially all of the Company’s assets.
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Votes Required to Approve Certain Actions. (a) Except as provided in this section or any other section in this title, an action of a limited liability company may be approved by the company's governing authority as provided by Section 101.355.

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