Common use of Quorum; Acts of the Board Clause in Contracts

Quorum; Acts of the Board. Except as otherwise provided in any other provision of this Agreement, at all meetings of the Board or any committee thereof, a majority of the Managers or such committee 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 Managers present at any meeting of the Board or any committee thereof at which there is a quorum shall be the act of the Board or such committee. If a quorum shall not be present at any meeting of the Board or any committee thereof, a majority of the Managers 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 the Board or of any committee thereof may be taken without a meeting if all members of the Board or committee, as the case may be, that are required at a meeting of the Board with respect to such action, consent thereto in writing, and the writing or writings are filed with the minutes of proceedings of the Board or committee, as the case may be.

Appears in 3 contracts

Samples: Operating Agreement, Single Member Limited Liability Company Operating Agreement, Operating Agreement

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Quorum; Acts of the Board. Except as otherwise provided in any other provision of this AgreementSubject to Section 10(i), at all meetings of the Board or any committee thereofBoard, a majority of the Managers or such committee Directors 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 Managers Directors present at any meeting of the Board or any committee thereof at which there is a quorum shall be the act of the Board. For the avoidance of doubt, the attendance (or non-attendance) at a meeting of the Board or such committeeby the Board Observer shall not be taken into account for purposes of determining whether a quorum is present. If a quorum shall not be present at any meeting of the Board or any committee thereofBoard, a majority of the Managers Directors 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 the Board or of any committee thereof may be taken without a meeting if all members of the Board or committee, as the case may be, that are required at a meeting of the Board with respect to such action, consent thereto in writing, and the writing or writings are filed with the minutes of proceedings of the Board or committee, as the case may be.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Oncor Electric Delivery Co LLC), Addendum Agreement (Oncor Electric Delivery Co LLC)

Quorum; Acts of the Board. Except as otherwise provided in any other provision of this Agreement, at At all meetings of the Board or any committee thereof, a majority of the Managers Directors on the Board or such committee 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 Managers Directors present at any meeting of the Board or any committee thereof at which there is a quorum shall be the act of the Board or such committee. If a quorum shall not be present at any meeting of the Board or any committee thereofBoard, a majority of the Managers Directors 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 Except as otherwise provided in this Agreement, any action required or permitted to be taken at any meeting of the Board or of any committee thereof may be taken without a meeting if all of the members of the Board or such committee, as the case may be, that are required at a meeting of the Board with respect to such action, consent thereto in writing, and the writing or writings are filed with the minutes of proceedings of the Board or committee, as the case may be.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Dryrock Issuance Trust), Limited Liability Company Agreement (Dryrock Issuance Trust)

Quorum; Acts of the Board. Except as otherwise provided in any other provision of this Agreement, at At all meetings of the Board or any committee thereofBoard, a majority of the Managers or such committee 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 Managers present at any meeting of the Board or any committee thereof at which there is a quorum shall be the act of the Board. If there are only two Managers on the Board, then the presence of both Managers shall be required for a quorum to be present and any act of the Board or such committeewill be deemed approved only if approved by both Managers. If a quorum shall not be present at any meeting of the Board or any committee thereofBoard, a majority of the Managers 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 the Board or of any committee thereof may be taken without a meeting and without prior notice if all Managers or members of the Board or committee, as the case may be, that are required at a meeting of the Board with respect to such action, consent thereto in writing, and the writing or writings are filed with the minutes of proceedings of the Board or committee, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (InfuSystem Holdings, Inc)

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Quorum; Acts of the Board. Each Board of Managers member shall be entitled to cast one vote with respect to any decision made by the Board of Managers. At all meetings of the Board of Managers, a majority of the Managers shall constitute a quorum for the transaction of business. Except as otherwise provided in any other provision of this Agreement, at all meetings of Agreement or the Board or any committee thereof, a majority of the Managers or such committee shall constitute a quorum for the transaction of business and, except as otherwise provided in any other provision of this AgreementAct, the act of a the majority of the Managers present at any meeting of the Board or any committee thereof at which there is a quorum shall be the act of the Board or such committeeBoard. If a quorum shall not be present at any meeting of the Board or any committee thereofBoard, a majority of the Managers 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 the Board or of any committee thereof may be taken without a meeting if all a majority of the members of the Board or committee, as the case may be, that are required at a meeting of the Board with respect to such action, consent thereto in writingwriting or by Electronic Transmission, and the writing or writings are Electronic Transmission shall be filed with the minutes of proceedings of the Board or committee, as the case may be.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

Quorum; Acts of the Board. Except as otherwise provided in any other provision of this Agreement, at At all meetings of the Board or any committee thereofBoard, a majority of the Managers or such committee Directors 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 Managers Directors present at any meeting of the Board or any committee thereof at which there is a quorum shall be the act of the Board or such committeeBoard. If a quorum shall not be present at any meeting of the Board or any committee thereofBoard, a majority of the Managers Directors 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 a meeting of the Board or of any committee thereof may be taken without a meeting and without prior notice if written consents, setting forth the action so taken, are executed by the members of the Board or committee, as the case may be, representing the minimum number of votes that would be necessary to authorize or to take such action at a meeting at which all members of the Board or committee, as the case may be, that are required at a meeting of the Board with respect permitted to such action, consent thereto in writing, vote were present and the writing or writings are filed with the minutes of proceedings of the Board or committee, as the case may bevoted.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Endurance International Group, Inc.)

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