Common use of Quorum and Voting Clause in Contracts

Quorum and Voting. At all meetings of the Board of Managers, a majority of the members of the Board of Managers will constitute a quorum for the transaction of business, and the act of a majority of the members of the Board of Managers present at any meeting at which there is a quorum will be the act of the Board of Managers. If a quorum is not present at any meeting of the Board of Managers, the members of the Board of Managers present at the meeting may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is present.

Appears in 10 contracts

Samples: Operating Agreement (Climacool Corp.), Operating Agreement (Climacool Corp.), Operating Agreement (Climacool Corp.)

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Quorum and Voting. At all meetings of the Board of Managers, a A majority of the members of the Board of Managers will shall constitute a quorum for the transaction of businessbusiness at a meeting of the Board of Managers. In the absence of a quorum, and the act of a majority of the members managers present may adjourn the meeting from time to time. The act of the Board majority of Managers the managers present at any a meeting at which there is a quorum will is present shall be the act of the Board of Managers. If a quorum is not present at any meeting of the Board of Managers, the members of the Board of Managers present at the meeting may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is present.

Appears in 9 contracts

Samples: Limited Liability Company Operating Agreement (Physician Sales & Service, Inc.), Limited Liability Company Operating Agreement (Physician Sales & Service, Inc.), Limited Liability Company Operating Agreement (Physician Sales & Service, Inc.)

Quorum and Voting. At all meetings of the Board of ManagersBoard, a majority of the members of the entire Board of Managers will shall constitute a quorum for the transaction of business, and the act action of a majority of the members of the Board of Managers present at any meeting at which there is a quorum will is present shall be the act action of the Board unless the concurrence of Managersa greater proportion is required for such action by law, the Company's Certificate of Formation or this Agreement. If a quorum is shall not be present at any meeting of the Board of Managers, the members of the Board of Managers present at the meeting may thereat may, by a majority vote, adjourn the meeting from time to time, time without notice other than announcement at the meetingnotice, until a quorum is shall be present.

Appears in 5 contracts

Samples: Operating Agreement (LNT Leasing II, LLC), Operating Agreement (LNT Leasing II, LLC), Operating Agreement (LNT Leasing II, LLC)

Quorum and Voting. At all meetings of the Board the presence of Managers, a majority or more of the members number of the Board of Managers will Directors then in office shall constitute a quorum for the transaction of business. In the absence of a quorum, and a majority of the act Directors present may adjourn the meeting, from time to time, until a quorum shall be present. The action of a majority of the members Directors present at a meeting at which a quorum is present shall be the action of the Board unless the concurrence of Managers present at any meeting at which there a greater proportion is a quorum will be required for such action by this Agreement or applicable law, including the act of the Board of Managers. If a quorum is not present at any meeting of the Board of Managers, the members of the Board of Managers present at the meeting may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is presentInvestment Company Act.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Fundrise Growth Tech Fund, LLC), Limited Liability Company Operating Agreement (Fundrise Real Estate Interval Fund, LLC), Limited Liability Company Agreement (Fundrise Income Real Estate Fund, LLC)

Quorum and Voting. At all meetings of the Board of Managers, a majority of the members of the Board of Managers thereof will constitute a quorum for the transaction of business, and the act of a majority of the members of the Board of Managers present at any meeting at which there is a quorum will be the act of the Board of Managers. If a quorum is not present at any meeting of the Board of Managers, the members of the Board of Managers present at the meeting may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is present.

Appears in 3 contracts

Samples: Operating Agreement (Climacool Corp.), Operating Agreement (Climacool Corp.), Operating Agreement (Climacool Corp.)

Quorum and Voting. At all meetings of the Board Committee of Managers, a majority of the members of the Board of Managers will shall constitute a quorum for the transaction of business, business and the act of a majority of the members of the Board of Managers present at any meeting at which there is a quorum will shall be the act of the Board Committee of Managers, except as may be otherwise specifically provided by the Act. If a quorum is shall not be present at any meeting of the Board Committee of Managers, the members of the Board of Managers present at the meeting thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is shall be present.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (RJR Packaging, LLC), Limited Liability Company Agreement (RJR Packaging, LLC)

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Quorum and Voting. At all meetings of the Board of ManagersBoard, a majority of the members of the Board of Managers directors then in office will constitute a quorum for the transaction of business, and the . The act of a majority of the members of the Board of Managers directors present at any a meeting at which there is where a quorum is present will be the act of the Board of ManagersDirectors, except as may be otherwise specifically provided by law, the Articles of Incorporation or these Bylaws. If a quorum is not present at any meeting of the Board of ManagersDirectors there is less than a quorum present, the members a majority of the Board of Managers those present at the meeting may adjourn the meeting from meeting, without further notice, form time to time, without notice other than announcement at the meeting, time and place to place until a quorum is presentwill have been obtained.

Appears in 1 contract

Samples: Franchise Agreement (EPL Intermediate, Inc.)

Quorum and Voting. At all meetings of the Board of ManagersBoard, a majority of the members of the Board of Managers directors then in office will constitute a quorum for the transaction of business, and the . The act of a majority of the members of the Board of Managers directors present at any a meeting at which there is where a quorum is present will be the act of the Board of ManagersDirectors, except as may be otherwise specifically provided by law, the Articles of Incorporation or these Bylaws. If a quorum is not present at any meeting of the Board of ManagersDirectors there is less than a quorum present, the members a majority of the Board of Managers those present at the meeting may adjourn the meeting meeting, without further notice, from time to time, without notice other than announcement at the meeting, time and place to place until a quorum is presentwill have been obtained.

Appears in 1 contract

Samples: Franchise Agreement (El Pollo Loco Holdings, Inc.)

Quorum and Voting. At all meetings of the Board of Managers, a A majority of the members of the Board of Managers will shall constitute a quorum for the transaction of businessbusiness at any meeting of the Board of Managers. In the absence of a quorum, and a majority of the Managers present may adjourn the meeting from to time until a quorum is present. The act of a majority of the members of the Board of Managers present at any a meeting at which there quorum is a quorum will present shall be the act of the Board of Managers. If a quorum is not present at any meeting of the Board of Managers, the members of the Board of Managers present at the meeting may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is present.

Appears in 1 contract

Samples: Limited Liability Company Agreement (PF2 SpinCo LLC)

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