Action at a Meeting. When a quorum is present at any meeting, the holders of a at least two-thirds of the issued and outstanding Units entitled to vote on such matter, voting together as a single class, shall decide any question properly brought before such meeting, except as otherwise required by this Agreement or the Act. The Members may only act on those matters which expressly require Member approval under the Act or this Agreement.
Action at a Meeting. An act of the majority of the directors present at a meeting at which a quorum is present shall be an act of the Board of Directors.
Action at a Meeting. At any meeting of the Managing Board at which a quorum is present, the vote of a majority of those present will be sufficient to take any action, unless a different vote is required by this Agreement, the Certificate or the Act. Notwithstanding the foregoing, or any other provision in this Agreement, neither the Company, the Managing Board nor any Director or Officer will have any power or authority to do or perform any act with respect to any Major Decision unless such matter has been approved in accordance with the provisions of Section 4.3.
Action at a Meeting. Only voting Chapter members in good standing may vote on matters submitted to a vote of members. Each voting member shall be entitled to one vote on each matter. The affirmative vote of a majority of voting members, present in person [or by proxy], at a meeting at which a quorum is present shall be the act of the members, unless the vote of a greater number is required by law, by the Articles of Incorporation, or by these Bylaws.
Action at a Meeting. Each voting director shall be entitled to one vote. The affirmative vote of the majority of the voting directors present at a meeting at which a quorum is present shall be the act of the Board of Directors, unless the act of a greater number is required by law, by the Articles of Incorporation, or by these Bylaws. In the case of a tie vote, the position taken by the presiding officer shall determine the action of the Board of Directors.
Action at a Meeting. The Members may adopt any method they choose to facilitate Meetings of the Members. The Members will make all decisions on the basis of consensus.
Action at a Meeting. The Directors will make all decisions on the basis of consensus.
Action at a Meeting. If a quorum is present, any action may be taken by the Board by a two-thirds (2/3) majority vote of those Directors present, unless a larger number is required by law, the Articles, or this Operating Agreement. Action may only be made through Board vote. Individual Directors do not have any authority except that authority assigned to them from time-to-time by the Board.
Action at a Meeting. A quorum for the conducting of business at a meeting of the Members shall consist of a Majority of the Members. The consent of a Majority of the Members shall be required for any action to be taken by the Members at a meeting.
Action at a Meeting. (a) Except as provided in Section 3.14(b), the act of the majority of the directors present at a meeting at which a quorum is present shall be the act of the Board of Directors, unless the act of a greater number is required by law or the Articles of Incorporation.
(b) The following actions shall require the affirmative approval of at least one of the Class B Directors:
(i) any amendment to the Articles of Incorporation or these Bylaws;
(ii) any merger, consolidation, division, dissolution or liquidation of the Corporation;
(iii) any transfer of assets other than in connection with (1) the day-to- day management of the Corporation’s cash and cash investments and (2) the funding of a project;
(iv) any investment of the Corporation’s funds in other than (1) bank accounts and certificates of deposit, (2) securities and obligations of the federal government or federal government agencies or (3) money market mutual funds;
(v) any loan of the Corporation’s funds (excluding investments described in Section 3.14(b)(iv)(2));
(vi) any approval of a project that does not meet the requirements of Sections 6.2 and 6.3; or
(vii) any expenditure that would cause the Corporation’s aggregate expenditures for administrative, fiscal sponsorship, and operating costs to exceed $500,000 in a calendar year.
