Common use of Quorum and Manner of Action Clause in Contracts

Quorum and Manner of Action. At all meetings of the Board of Managers, a majority of the total number of Managers shall constitute a quorum for the transaction of business; and the act of a majority of the Managers present at any meeting at which there is a quorum shall be the act of the Board of Managers, except as otherwise provided by Law or this Agreement. If at any meeting of the Board of Managers there shall be less than a quorum present, a majority of those present may adjourn the meeting from time to time until a quorum is obtained, and no further notice thereof need be given other than by announcement at such adjourned meeting. Attendance by a Manager at a meeting shall constitute a waiver of notice of such meeting except where a Manager attends a meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business on the ground that the meeting is not lawfully called or convened.

Quorum and Manner of Action. At all meetings of the Board of ManagersDirectors, a majority of the total number of Managers Directors shall constitute a quorum for the transaction of business; and the act of a majority of the Managers Directors present at any meeting at which there is a quorum shall be the act of the Board of ManagersDirectors, except as otherwise provided by Law law or this Agreement. If at any meeting of the Board of Managers Directors there shall be less than a quorum present, a majority of those present may adjourn the meeting from time to time until a quorum is obtained, and no further notice thereof need be given other than by announcement at such adjourned meeting. Attendance by a Manager director at a meeting shall constitute a waiver of notice of such meeting except where a Manager director attends a meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business on the ground that the meeting is not lawfully called or convened.