Quorum of Managers. The presence in person of a majority of the entire Board of Managers shall be necessary and sufficient to constitute a quorum for the transaction of business at any meeting of the Board of Managers, but a majority of a smaller number may adjourn any such meeting to a later date.
Appears in 27 contracts
Samples: Limited Liability Company Operating Agreement (Wendy's Restaurants, LLC), Limited Liability Company Operating Agreement (Wendy's of Denver, Inc.), Limited Liability Company Operating Agreement (Wendy's of Denver, Inc.)
Quorum of Managers. The At all meetings of the Managers, the presence in person of a majority Majority of the entire Board of Managers shall be necessary and sufficient to constitute a quorum for the transaction of all business unless a greater number is required by law. If a quorum shall not be present at any meeting of the Board of Managers, but a majority of a smaller number the Managers present at the meeting may adjourn any such the meeting from time to time, without notice other than announcement at the meeting, until a later datequorum shall be present.
Appears in 1 contract
