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4.04 Annual Meetings and Social Meetings. The Annual Meeting of the Member
and Board of Managers will be held on the third Tuesday in January commencing in 2027.
Special meetings of the Member, for any purpose or purposes, unless otherwise
prescribed by statute, may be called by the Board of Managers, and shall be called by
the Board of Managers ai the request of the Member.
4.05 Place of Meeting. The place of any meeting of the Member shall be the
principal office of the Company, unless another place, either within or outside the
Commonwealih of Virginia, is designated by the Member.
4.06 Notice of Meetings. Written notice stating the place, day and hour of any
meeting of the Member and, if a special meeting, the purpose or purposes for which the
meeting is called, shall be delivered not less than 3 nor more than 30 days before the
date of the meeting, either personally or by mail or facsimile, by or at the direction of the
Board of Managers, to each Member, unless the Act or the Articles require different
notice.
4.07 Conduct of Meetings. All meetings of the Member shall be presided over by
a chairperson of the meeting, who shall be a member of the Board of Managers. The
chairperson of any meeting of the Member shall determine the order of business and the
procedure at the meeting, including regulation of the manner of voting and the conduct of
discussion, and shall appoint a secretary of such meeting to take minutes thereof.
4.08 Waiver of Notice. When any notice of a meeting of the Member is required
to be given, a waiver thereof in writing signed by a Member entitled to such notice,
whether given before, at, or after the time of the meeting as stated in such notice, shall
be equivalent to the proper giving of such notice.
4.09 Action by Written Consent. To the extent provided by law, any action
required or permitted to be taken at a meeting of the Member may be taken without a
meeting if one or more written consents to such action are signed by the Member who is
entitled to vote on the matter set forth in the consents and who constitute the requisite
number or percentage of such Members necessary for adoption or approval of such
matter on behalf of the Company. By way of example and not limitation, the Member
holding a majority of the Membership Interests may take action as to any matter specified
in Section 4.02 hereof by signing one or more written consents approving such action,
without obtaining signed written consents from any other Members. Such consent or
consents shall be filed with the minutes of the meetings of the Members. Action taken
under this Section shall be effective when the requisite Members have signed the consent
or consents, unless the consent or consents specify a different effective date.
ARTICLE V
BOARD OF MANAGERS
5.01 Powers of the Board of Managers. Except as expressly provided otherwise
in the Act, the Articles or this Operating Agreement, the powers of the Company shall beJump to an indexed page (65 of 65)