Common use of Quorum and Vote Clause in Contracts

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. The presence of a majority of the Managers Directors 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 Directors present at a meeting at which a quorum is present shall constitute the act of the ManagersBoard, unless the vote of a greater number is required under the Articles, this Agreement, or the Act.