Common use of Voting Rights of Members Clause in Contracts

Voting Rights of Members. Members shall have no voting rights except as holders of Shares. To the extent permitted by this Agreement or required by law, holders of Shares shall have one vote for each whole Share and if fractional Shares are issued as provided by this Agreement, fractional Shares shall have a fraction of one vote equal to the fraction of a Share it represents. Votes by Members may be cast at a meeting or effected by the written consent of the required percentage, and in either case written notice of the action taken shall be provided to the Manager. Whenever any vote or consent of Members is required or contemplated pursuant to this Agreement, the Shares of any Defaulting Member, or of any Person which is an assignee of any Shares but is not a Member, shall be deemed not to be entitled to vote for purposes of calculating whether a sufficient vote or consent was achieved. The Manager shall not, without the approval of the holders of the Majority of the Shares, take any actions as provided in Sections 8.1.2, 15.1, or 15.8. The Members shall also have the voting rights with respect to actions set forth in Section 6.1.3 and elsewhere in this Agreement.

Voting Rights of Members. Members shall have no voting rights except as holders of Shares. To the extent permitted by this Agreement or required by law, holders of Shares shall have one vote for each whole Share and if fractional Shares are issued as provided by this Agreement, fractional Shares shall have a fraction of one vote equal to the fraction of a Share it represents. Votes by Members may be cast at a meeting or effected by the written consent of the required percentage, and in either case written notice of the action taken shall be provided to the Manager. Whenever any vote or consent of Members is required or contemplated pursuant to this Agreement, the Shares of any Defaulting Member, or of any Person which is an assignee of any Shares but is not a Member, shall be deemed not to be entitled to vote for purposes of calculating whether a sufficient vote or consent was achieved. The Manager shall not, without the approval of the holders of the Majority of the Shares, take any actions as provided in Sections Section 8.1.2, 15.1, or 15.8. The Members shall also have the voting rights with respect to actions set forth in Section 6.1.3 and elsewhere in this Agreement.

Voting Rights of Members. Members shall have no voting rights except as holders of Shares. To the extent permitted by this Agreement or required by law, holders of Shares shall have one vote for each whole Share and if fractional Shares are issued as provided by this Agreement, fractional Shares shall have a fraction of one vote equal to the fraction of a Share it represents. Votes by Members may be cast at a meeting or effected by the written consent of the required percentage, and in either case written notice of the action taken shall be provided to the Manager. Whenever any vote or consent of Members is required or contemplated pursuant to this Agreement, the Shares of any Defaulting Member, or of any Person which is an assignee of any Shares but is not a Member, shall be deemed not to be entitled to vote for purposes of calculating whether a sufficient vote or consent was achieved. The Manager shall not, without the approval of the holders of the Majority of the Shares, take any actions as provided in Sections 6.1.3, 8.1.2, 15.1, or 15.8. The Members shall also have the voting rights with respect to actions set forth in Section 6.1.3 and elsewhere in this Agreement.