Common use of Action at a Meeting Clause in Contracts

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. When a quorum is present at any meeting, the holders of a at least two-thirds majority of the issued Percentage Interests present at such meeting and outstanding Units entitled to vote on such matter, voting together as a single class, shall matter may 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.