Quorum and Vote. At all meetings of the Board of Directors, the presence of a majority of the total authorized number of Directors under Section 2.02 hereof shall be necessary and sufficient to constitute a quorum for the transaction of business. Except when otherwise required by statute, the vote of a majority of the total number of Directors present and acting at a meeting at which a quorum is present shall be the act of the Board of Directors. In the absence of a quorum, a majority of the Directors present may adjourn the meeting from time to time, until a quorum shall be present.
Quorum and Vote. The presence of a majority of the Managers shall constitute a quorum for the transaction of business. The vote of a majority of the Managers shall be the act of the Board.
Quorum and Vote. The presence of a majority of the Managers shall constitute a quorum for the transaction of business. A meeting may be adjourned despite the absence of a quorum, and notice of an adjourned meeting is not necessary if the time and place to which the meeting is adjourned are fixed at the meeting at which the adjournment is taken and if the period of adjournment does not exceed one (1) month for any one adjournment. The affirmative vote of a majority of the Managers present at a meeting at which a quorum is present shall constitute the act of the Managers, unless the vote of a greater number is required under the Articles, this Agreement, or the Act.
Quorum and Vote. In order to be valid, the deliberations and decisions of the Board of Directors shall be taken with the presence vote of at least 3 members, principals or alternates, of the Board of Directors and the favorable vote of the majority of the members.
Quorum and Vote. A majority of the Sponsor Members of the Corporation entitled to vote, represented in person or by proxy, shall constitute a quorum at a meeting of the members, and the act of a majority of the Sponsor Members present at any meeting shall be the act of the members.
Quorum and Vote. 3.9.1 A majority of the directors in office immediately before a meeting begins will constitute a quorum for the transaction of business. A majority of the directors present, in the absence of a quorum, may adjourn from time to time but may not transact any business.
3.9.2 If a quorum is present when a vote is taken, the affirmative vote of a majority of directors present is the act of the Board of Directors. If, at any meeting in which a quorum is present, the number of votes cast by directors in favor of any action are equal to the number of votes cast by directors opposed to such action, then the Chair of Board will have the power to decide if the action is approved and taken by the Board of Directors.
3.9.3 A director of the Corporation who is present at a meeting of the Board of Directors, or is present at a meeting of a committee of the Board of Directors, when corporate action is taken, is deemed to have assented to the action taken unless (a) the director objects at the beginning of the meeting, or promptly upon the director's arrival, to holding the meeting or transacting business at the meeting; (b) the director's dissent or abstention from the action taken is entered in the minutes of the meeting; or (c) the director delivers written notice of dissent or abstention to the presiding officer of the meeting before its adjournment or to the Corporation immediately after adjournment of the meeting. The right of dissent or abstention is not available to a director who votes in favor of the action taken.
Quorum and Vote. At all meetings of the Board of Directors the presence of one-third of the entire Board, but not less than two directors, shall constitute a quorum for the transaction of business. Any one or more members of the Board of Directors or of any committee thereof may participate in a meeting of the Board of Directors or a committee thereof by means of a conference telephone or similar communications equipment which allows all persons participating in the meeting to hear each other at the same time. Participation by such means shall constitute presence in person at such a meeting. The vote of a majority of the directors present at the time of the vote, if a quorum is present at such time, shall be the act of the Board of Directors, except as may be otherwise provided by statute or the By-Laws.
Quorum and Vote. Except as otherwise specifically provided by law or this Operating Agreement, at all meetings of the Board of Managers, a majority of the entire Board of Managers shall constitute a quorum, and any act of a majority present at a meeting at which there is a quorum shall be the act of the Board of Managers. If a quorum shall not be present at any meeting of the Board of Managers, a majority of the Managers present at any meeting may adjourn such meeting from time to time, without any other notice thereof, until a quorum is present.
Quorum and Vote. (i) A quorum of directors shall consist of a majority of the Directors, and any decision of the Board shall require the affirmative vote of a majority of directors present at a meeting at which a quorum is present.
(ii) Any action required or permitted to be taken at any meeting of the Board may be taken without a meeting if all members of the Board consent thereto in writing, and the writings are filed with the minutes of the Board (or the committee, as the case may be); provided, that if applicable law permits Board action to be taken without a meeting by written consent of fewer than all Board members, then such actions may be taken by the minimum number of Directors permitted by law, but in no event fewer than a majority of the Directors.
(iii) Any one or more members of the Board (or any committee thereof) may participate in a meeting of the Board (or such committee) by means of a telephone conference or similar communications equipment allowing all persons participating in the meeting to hear each other at the same time.
Quorum and Vote. Fifty-one percent of the voting members of the Board of Directors shall constitute a quorum for the transaction of business at any meeting of the Board of Directors. However, if less than such number is present at a meeting, a majority of the Directors present may adjourn the meeting from time to time without further notice. Except as otherwise provided by statute, the Foundation's Articles of Organization, this Operating Agreement, or other applicable instrument, the vote of a majority of the Directors present at the time of the vote when a quorum exists shall be deemed the act of the Board of Directors.
