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22 September 2021 | 1 reply
(g) Any purported assignmentof an Interest that is not made in accordance with this Agreement ishereby declared to be null and void and of no force or effectwhatsoever.7.02- Assignee'sRights.The effective date of admission to the Limited Liability Company of aSubstituted Member shall be the first day of the month following themonth in which all of the Members shall have given their writtenconsent to such admission.7.03- Indemnificationand Terms of Admission.Each Member ("Transferor") shall indemnify and holdharmless the Limited Liability Company, each other Member and anyIndemnitee who was or is a party or is threatened to be made a partyto any threatened, pending or completed action, suit or proceeding,whether civil, criminal, administrative or investigative, by reasonof or arising from any actual or alleged misrepresentation ormisstatement of fact or omission to represent or state any fact madeby such Transferor in connection with any assignment, transfer,encumbrance or other disposition of all or any part of suchTransferor's Interest, or with the admission to the Limited LiabilityCompany of a Substituted Member, against losses, liabilities andexpenses for which the Limited Liability Company, any other Member orany Indemnitee has not otherwise been reimbursed (including, withoutlimitation, attorneys' fees, judgments, fines and amounts paid insettlement) actually and reasonably incurred by the Limited LiabilityCompany, any other Member or any Indemnitee, as the case may be, inconnection with such action, suit or proceeding.7.04- Withdrawal.No Member may withdraw from the Limited Liability Company.ARTICLE VIIIAMENDMENTS, VOTING ANDMEETINGS8.01- Amendmentby Members.A unanimous vote is required to amend this Agreement.8.02- VotingPower.Each Member shall have one vote for each Unit held by such Member.Unless otherwise expressly provided in this Agreement, theaffirmative vote of a majority of the Members shall be required forapproval of any action of the Limited Liability Company by theMembers; including, without limitation, (i) dissolution and windingup of the Limited Liability Company; (ii) the sale, exchange, lease,mortgage, pledge or other transfer of all or substantially all of theassets of the Limited Liability Company other than in the ordinarycourse of business; and (iii) the merger of the Limited LiabilityCompany with another entity.8.03- Meetingsof Members.Upon the written request of any Member or Members owning at least tenpercent of all Units, the Manager shall call a meeting of theMembers.
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27 March 2008 | 27 replies
Your operating agreement will cover what has to be done to make distributions, such as a unanimous vote of all the members.I think this guy is jerking your chain.
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26 April 2023 | 2 replies
.• In a unanimous vote, the Nevada Department of Transportation's Board of Directors loosened up the high-occupancy-vehicle lanes running through Las Vegas.
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26 December 2015 | 8 replies
Council members voted in favor of the rezoning unanimously and held up a related agreement struck by Loma Vista residents and developer Roberts Communities as a model for the city.
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6 April 2018 | 26 replies
Economists both on the left and the right are in near unanimous accordance on the issue.
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9 January 2023 | 45 replies
The answer was unanimous.
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9 December 2022 | 12 replies
Thank you for sharing, I told shared the RV story with a few co-workers in the office, and unanimously we agreed that's a super great play!
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31 March 2018 | 34 replies
So, following the near unanimous advice of everything I could find, because I have well over 10k in state and local taxes (and will likely opt for the standard deduction under the new tax bill), I went down to the City treasurer’s office today and prepaid my entire property taxes for 2018, like so many other people throughout the country, so I could deduct that payment on my 2017 return.
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9 March 2022 | 1 reply
; (b) control & management - who has control, who makes decisions, what decisions are majority, what decisions are unanimous, what happens if there is a deadlock on a decision, etc.; (c) exits - can a partner exit the deal whenever they like?