Common use of Quorum and Voting of Managers Clause in Contracts

Quorum and Voting of Managers. Meetings of the Managers will be held from time to time at such times and at such places as the Managers determine. Meetings may be held by means of conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other. Notice of the time and place of the meeting must be given at least two days prior to the meeting. Each Manager has one vote. If there is only one Manager, no meeting (or written consent pursuant to Section 6.5) is necessary for the transaction of business, and the sole Manager shall take such action as the Manager deems appropriate, subject to the terms of this Agreement and applicable law. If there is more than one Manager, a majority of the Managers constitute a quorum for the transaction of business of the Managers, and an affirmative vote of a majority of the Managers is necessary to decide any matter arising in connection with the business and affairs of the Company.

Quorum and Voting of Managers. Meetings of the Managers will be held from time to time at such times and at such places as the Managers determine. Meetings may be held by means of conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other. Notice of the time and place of the meeting must be given at least two days prior to the meeting. Each Manager has one vote. If there is only one Manager, no meeting (or written consent pursuant to Section 6.5) is necessary the single Manager constitutes a quorum for the transaction of businessbusiness of the Manager, and the sole vote of the single Manager shall take such action as is necessary to decide any matter arising in connection with the Manager deems appropriate, subject to business and affairs of the terms of this Agreement and applicable lawCompany. If there is more than one Manager, a majority of the Managers constitute a quorum for the transaction of business of the Managers, and except as set forth otherwise in this Agreement, an affirmative vote of a majority of the Managers is necessary to decide any matter arising in connection with the business and affairs of the Company.