Common use of Quorum; Actions Clause in Contracts

Quorum; Actions. A majority of the number of Managers then fixed by the Members shall constitute a quorum for transaction of business at any meeting of the Managers. The act of a majority of the total number of Managers is the act of the Managers.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Manchester Mall Inc), Limited Liability Company Agreement (Manchester Mall Inc)

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Quorum; Actions. A majority of the number of Managers then fixed by the Members shall constitute a quorum for transaction of business at any meeting of the Managers. The act of a majority of the total number of Managers present at a meeting at which a quorum is present is the act of the Managers.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Barcom China Holdings, LLC), Limited Liability Company Operating Agreement (Barcom China Holdings, LLC)

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