Examples of Controlling Members in a sentence
The Controlling Members are comprised of (i) Barry Lewis as trustee of the Lewis Family Trust Agreement, (ii) Craig Viehweg as trustee of the Viehweg Revocable Trust, and (iii) John Mason as an individual.
Amendment No. 3 to the Limited Liability Company Agreement of Triad AWS, LLC, dated April 29, 2009, reflects the fact that the Company holds clusters of properties in three distinct areas (Guam, Ohio and Puerto Rico) and modifies the put rights of the Controlling Members to enable them to exercise a Partial Put in circumstances where the Company sells assets in one area but not another, or sells assets in separate transactions to distinct buyers.
The Controlling Member shall have only the rights specified in these Rules, and shall have no other rights or obligations of a Member in the Controlling Member's capacity as Controlling Member.
Each Member will take all reasonable actions requested by the Controlling Members to facilitate the exercise of the Drag-Along Right, including, but not limited to, voting to approve the transaction.
If Minority Members elect to sell interests pursuant to this Article 13, the aggregate Participating Percentage to be sold or transferred to such third party by the Controlling Members and the Minority Members shall remain constant.