Common use of Quorum; Acts of Members Clause in Contracts

Quorum; Acts of Members. At all meetings of Members, Persons holding a majority of the Member interests shall constitute a quorum for the transaction of business and, except as otherwise provided in any other provision of this Agreement, the act of a majority of the Member interests present at any meeting of Members shall be the act of the Members. If a quorum shall not be present at any meeting of Members, a majority of the Members present at such meeting may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present. Any action required or permitted to be taken at any meeting of Members may be taken without a meeting if all Members consent thereto in writing.

Quorum; Acts of Members. Except as otherwise provided in any other provision of this Agreement, meetings of Members shall mean meetings of the Members. At all meetings of Members, Persons holding a majority of the Member interests shall constitute a quorum for the transaction of business and, except as otherwise provided in any other provision of this Agreement, the act of a majority of the Member interests present at any meeting of Members shall be the act of the Members. If a quorum shall not be present at any meeting of Members, a majority of the Members present at such meeting may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present. Any action required or permitted to be taken at any meeting of Members may be taken without a meeting if all Members consent thereto in writing.