Common use of Quorum and Proxies Clause in Contracts

Quorum and Proxies. The presence (in person or by proxy or mail ballot) of Members holding at least twenty five percent (25%) of the Membership Voting Interests is required for the transaction of business at a meeting of the Members. Voting by proxy or by mail ballot shall be permitted on any matter if authorized by the Board. A proxy shall not be effective for purposes of determining a quorum under this Section or for purposes of voting at the annual meeting unless and until it is received by the Secretary of the Company and is duly executed as provided in such proxy. In each case where a Member appropriately specifies how a proxy is to be voted, it will be voted in accordance with such specification. As to any matter or business which may be brought before an annual meeting which is note discussed in the Company’s proxy statement, a vote may be cast pursuant to a proxy in accordance with the judgment of the Company’s proxies name in the proxy voting the same. Any Member may revoke his or her proxy at any time insofar as it is then not exercised by giving notice of such revocation, either personally at the annual meeting or in writing, to the Secretary of the Company or by the execution and delivery to the Company of a new proxy dated subsequent to the original proxy.

Quorum and Proxies. The presence (in person or by proxy or mail ballot) of Members holding at least twenty five percent (25%) of the Membership Voting Interests is required for the transaction of business at a meeting of the Members. Voting by proxy or by mail ballot shall be permitted on any matter if authorized by the Board. A proxy shall not be effective for purposes of determining a quorum under this Section or for purposes of voting at the annual meeting unless and until it is received by the Secretary of the Company and is duly executed as provided in such proxy. In each case where a Member appropriately specifies how a proxy is to be voted, it will be voted in accordance with such specification. As to any matter or business which may be brought before an annual meeting which is note discussed in the Company’s 's proxy statement, a vote may be cast pursuant to a proxy in accordance with the judgment of the Company’s 's proxies name in the proxy voting the same. Any Member may revoke his or her proxy at any time insofar as it is then not exercised by giving notice of such revocation, either personally at the annual meeting or in writing, to the Secretary of the Company or by the execution and delivery to the Company of a new proxy dated subsequent to the original proxy.