Binding Act. Each Director shall have one vote on all matters submitted to the Board (or any committee or subcommittee of the Board of which he is a member). With respect to any matter before the Board (or any committee or subcommittee), the act of a majority of the Directors constituting a quorum shall be the act of the Board (or committee or subcommittee).
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
Binding Act. Each Director shall have one vote on all matters submitted to the Board (or any committee or subcommittee of the Board of which he is a member)thereof. With respect to any matter before the Board (or any committee or subcommittee)Board, the act of a majority of the Directors constituting a quorum shall be the act of the Board Board, except (or committee or subcommitteei) in the event of any deadlocked vote, the vote of the group of Directors that includes the Chairman shall prevail; and (ii) subject in all cases to the terms of Section 8.05(d).
Appears in 2 contracts
Samples: Class B Preferred Unit Purchase Agreement (Learn SPAC HoldCo, Inc.), Class B Preferred Unit Purchase Agreement (Learn SPAC HoldCo, Inc.)
