Examples of Approval by the Members in a sentence
The Company shall be dissolved and terminated only in the event of an Approval by the Members to dissolve the Company or upon the occurrence of any dissolution event specified in the DLLCA; provided that, notwithstanding the foregoing, the Company shall not dissolve upon the occurrence of any of the events described in Section 18- 801(a)(4) of the DLLCA (including without limitation, the death or bankruptcy of the Member).
Copies of each such return shall be furnished for review and Approval by the Members prior to filing.
Approval by the Members pursuant to Section 2.2 of the issuance of a new membership interest in the Company to a Person who is not already a Member shall be deemed approval of the admission of such Person as a Member.
The Company shall be dissolved and terminated only in the event of an Approval by the Members to dissolve the Company or upon the occurrence of any dissolution event specified in the DLLCA; provided that, notwithstanding the foregoing, the Company shall not dissolve upon the occurrence of any of the events described in Section 18- 801(a)(4) of the DLLCA (including without limitation, the death or bankruptcy of a Member).
The Company shall be dissolved and terminated only in the event of an Approval by the Members to dissolve the Company or upon the occurrence of any dissolution event specified in the DLLCA; provided that, notwithstanding the foregoing, the Company shall not dissolve upon the occurrence of any of the events described in Section 18-801(a)(4) of the DLLCA (including without limitation, the death or bankruptcy of the Member).
Approval by the Members must be accordance with the requirements set forth in Article III, paragraph 6.
Paragraph 22.5 of the Operating Agreement provides that the Operating Agreement may be amended with the Approval by the Members holding a Majority Interest; provided, however, no amendment may be made that would constitute “Unfair Discrimination”, as defined in Paragraph 22.5, against an Equity Owner, without such Equity Owner.
Either Member may initiate a request that the Members approve any matter or take any other action respecting the business and affairs of the Company which is required for Approval by the Members pursuant to this Agreement.
The three requests by Griffith were: (1) Approval by the Members of the Board Resolution setting forth the sale of substantially all of the assets of the bank pursuant to IC 28-1-8 et seq.
Except as specifically provided to the contrary in this Agreement, the affirmative vote or written consent of each Member entitled to vote in respect of any matter submitted to a vote of, or for Approval by, the Members shall be deemed "approved by" or the "approval of" the Members in respect of such matter.