Common use of Multiple Members Clause in Contracts

Multiple Members. After a new Member is admitted and the Company changes to a multiple-member limited liability company: 8.2.1 Meetings of Members may be called by Members holding a majority of the interests in the Company; 8.2.2 At least two (2) days’ notice of all meetings of Members shall be given by the Members authorized to call meetings; 8.2.3 Members may participate in any meeting by, or conduct the meeting through the use of, any means of communication by which all Members participating may simultaneously hear each other during the meeting. A Member participating in a meeting by this means is deemed to be present in person at the meeting; 8.2.4 The presence of Members holding a majority of the interests in the Company shall constitute a quorum for a meeting of Members; and 8.2.5 Except as otherwise provided herein or in the Act, the act of Members holding a majority of the interests in the Company at a meeting at which a quorum is present shall be required to take action on any matter where a vote of Members is required. 8.2.6 Any action required by law or permitted to be taken at any meeting of the Members may be taken without a meeting if written consent, setting forth the action so taken, shall be signed by Members holding a majority of interests in the Company. Such consent shall have the same force and effect as a vote of Members holding a majority of interests in the Company and shall be filed with the Secretary and recorded in the Minute Book of the Company.