Common use of Quorum; Alternates; Participation in Meetings By Conference Telephone Permitted; Vote Required for Action Clause in Contracts

Quorum; Alternates; Participation in Meetings By Conference Telephone Permitted; Vote Required for Action. (i) Except as hereinafter provided, presence of a majority of the authorized number of Managers at a meeting of the Board of Managers constitutes a quorum for the transaction of business. (ii) Each Manager shall have one (1) vote. Any Manager may, by written notice given to the chairman of the Board of Managers, appoint an alternate to attend and vote at meetings, or at any particular meeting, if the Manager is unable to attend. The presence of an alternate at any meeting shall be deemed to be presence of the Manager at such meeting for all purposes, and the vote of the alternate shall be deemed to be the vote of the relevant Manager. No Manager may retract the vote of any duly appointed alternate on behalf of such Manager, or other Manager voting on his or her behalf, after the close of the meeting at which such vote is made. In the event that the Manager who appointed an alternate attends a meeting, the appointment of such alternate shall be ineffective for such meeting, and the alternate shall have no right to be present or to participate in that meeting. (iii) Managers may participate in a meeting through use of conference telephone or similar communications equipment, so long as all Managers participating in such meeting can communicate with and hear each other. (iv) Every act or decision done or made by a vote required hereunder shall be regarded as the act of the Board of Managers.

Quorum; Alternates; Participation in Meetings By Conference Telephone Permitted; Vote Required for Action. (i) Except as hereinafter provided, presence of a majority fifty percent (50%) or more of the authorized number of Managers at a meeting of the Board of Managers constitutes a quorum for the transaction of business. (ii) Each Manager shall have one (1) vote. Any Each Manager may, by written notice given to the chairman of the Board of Managers, appoint an alternate to attend and vote at meetings, or at any particular meeting, if the Manager is unable to attend. The presence of an alternate at any meeting shall be deemed to be presence of the Manager at such meeting for all purposes, and the vote of the such alternate shall be deemed to be the vote of the relevant Manager. No Manager may retract the vote of any duly appointed alternate on behalf of such Manager, or other Manager voting on his or her behalf, after the close of the meeting at which such vote is made. In the event that the Manager who appointed an alternate attends a meeting, the appointment of such alternate shall be ineffective for such meeting, and the alternate shall have no right to be present or to participate in that meeting. (iii) Managers may participate in a meeting through use of conference telephone or similar communications equipment, so long as all Managers participating in such meeting can communicate with and hear each otherone another. (iv) Every act or decision done or made by a vote required hereunder shall be regarded as the act of the Board of Managers.

Quorum; Alternates; Participation in Meetings By Conference Telephone Permitted; Vote Required for Action. (i) Except as hereinafter provided, presence of a majority two (2) or more of the authorized number of Managers at a meeting of the Board of Managers constitutes a quorum for the transaction of business. (ii) Each Manager shall have one (1) vote. Any Each Manager may, by written notice given to the chairman of the Board of Managers, appoint an alternate to attend and vote at meetings, or at any particular meeting, if the Manager is unable to attend. The presence of an alternate at any meeting shall be deemed to be presence of the Manager at such meeting for all purposes, and the vote of the such alternate shall be deemed to be the vote of the relevant Manager. No Manager may retract the vote of any duly appointed alternate on behalf of such Manager, or other Manager voting on his or her behalf, after the close of the meeting at which such vote is made. In the event that the Manager who appointed an alternate attends a meeting, the appointment of such alternate shall be ineffective for such meeting, and the alternate shall have no right to be present or to participate in that meeting. (iii) Managers may participate in a meeting through use of conference telephone or similar communications equipment, so long as all Managers participating in such meeting can communicate with and hear each otherone another. (iv) Every act or decision done or made by a vote required hereunder shall be regarded as the act of the Board of Managers.

Quorum; Alternates; Participation in Meetings By Conference Telephone Permitted; Vote Required for Action. (i) Except as hereinafter provided, presence of a majority fifty percent (50%) or more of the authorized number of Managers Directors at a meeting of the Board of Managers Directors constitutes a quorum for the transaction of business. (ii) Each Manager Director shall have one (1) vote. Any Manager Each Director may, by written notice given to the chairman of the Board of ManagersDirectors, appoint an alternate to attend and vote at meetings, or at any particular meeting, if the Manager Director is unable to attend. The presence of an alternate at any meeting shall be deemed to be presence of the Manager Director at such meeting for all purposes, and the vote of the such alternate shall be deemed to be the vote of the relevant ManagerDirector. No Manager Director may retract the vote of any duly appointed alternate on behalf of such ManagerDirector, or other Manager Director voting on his or her behalf, after the close of the meeting at which such vote is made. In the event that the Manager Director who appointed an alternate attends a meeting, the appointment of such alternate shall be ineffective for such meeting, and the alternate shall have no right to be present or to participate in that meeting. (iii) Managers may participate in a meeting through use of conference telephone or similar communications equipment, so long as all Managers participating in such meeting can communicate with and hear each other. (iv) Every act or decision done or made by a vote required hereunder shall be regarded as the act of the Board of ManagersDirectors. (iv) Members of the Board of Directors, or any committee designated by the Board of Directors, may participate in a meeting of the Board of Directors, or any committee, by means of conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other, but a Board member may not vote if participating in this manner.

Quorum; Alternates; Participation in Meetings By Conference Telephone Permitted; Vote Required for Action. (i) Except as hereinafter provided, presence of a majority two (2) or more of the authorized number of Managers at a meeting of the Board of Managers constitutes a quorum for the transaction of business. (ii) Each Manager shall have one (1) vote. Any Each Manager may, by written notice given to the chairman of the Board of ManagersManagers (if one is so appointed), appoint an alternate to attend and vote at meetings, or at any particular meeting, if the Manager is unable to attend. The presence of an alternate at any meeting shall be deemed to be presence of the Manager at such meeting for all purposes, and the vote of the such alternate shall be deemed to be the vote of the relevant Manager. No Manager may retract the vote of any duly appointed alternate on behalf of such Manager, or other Manager voting on his or her behalf, after the close of the meeting at which such vote is made. In the event that the Manager who appointed an alternate attends a meeting, the appointment of such alternate shall be ineffective for such meeting, and the alternate shall have no right to be present or to participate in that meeting. (iii) Managers may participate in a meeting through use of conference telephone or similar communications equipment, so long as all Managers participating in such meeting can communicate with and hear each otherone another. (iv) Every act or decision done or made by a vote required hereunder shall be regarded as the act of the Board of Managers.

Quorum; Alternates; Participation in Meetings By Conference Telephone Permitted; Vote Required for Action. (i) Except as hereinafter provided, presence of a majority three (3) or more of the authorized number of Managers at a meeting of the Board of Managers constitutes a quorum for the transaction of business. (ii) Each Manager shall have one (1) vote. Any Each Manager may, by written notice given to the chairman of the Board of Managers, appoint an alternate to attend and vote at meetings, or at any particular meeting, if the Manager is unable to attend. The presence of an alternate at any meeting shall be deemed to be presence of the Manager at such meeting for all purposes, and the vote of the such alternate shall be deemed to be the vote of the relevant Manager. No Manager may retract the vote of any duly appointed alternate on behalf of such Manager, or other Manager voting on his or her behalf, after the close of the meeting at which such vote is made. In the event that the Manager who appointed an alternate attends a meeting, the appointment of such alternate shall be ineffective for such meeting, and the alternate shall have no right to be present or to participate in that meeting. (iii) Managers may participate in a meeting through use of conference telephone or similar communications equipment, so long as all Managers participating in such meeting can communicate with and hear each otherone another. (iv) Every act or decision done or made by a vote required hereunder shall be regarded as the act of the Board of Managers.