Examples of Majority Member in a sentence
If the Majority Member is unable or unwilling to serve, the Partnership Representative shall be appointed from amongst the remaining Members by a Majority of Interests of the Members.
No Member shall have any right to resign or withdraw from the Company without the consent of the Members or the Majority Member, as applicable, or to receive any distribution on its Membership Units or the repayment of its Capital Contributions except as provided in Article V hereof.
The Certificate may be restated or amended by the Members or the Majority Member, as applicable, from time to time in accordance with the Act and subject to the terms of this Agreement.
In connection with this Agreement and the transactions contemplated hereby, each Member shall execute and deliver any additional documents and instruments and perform any additional acts that may be necessary or appropriate to effectuate and perform the provisions of this Agreement and those transactions, as requested by the Members or the Majority Member, as applicable.
The Members or the Majority Member, as applicable, may designate employees of the Company as officers of the Company (the "Officers") as they deem necessary or desirable to carry on the business of the Company and the Members or the Majority Member, as applicable, may delegate to such Officers such power and authority as the Members or the Majority Member, as applicable, deem advisable.