Quorum of Members. Unless otherwise provided by applicable law, the Certificate of Formation or this Agreement, the presence of a majority of the Members on a per capita basis and represented in person or by proxy, shall constitute a quorum at a meeting of the Members. The Members present at a duly organized meeting may continue to transact business until adjournment, and the subsequent withdrawal of any Member or the refusal of any Member to vote shall not affect the presence of a quorum at the meeting.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Dorchester Minerals Lp), Contribution Agreement (Dorchester Minerals Lp)
Quorum of Members. Unless otherwise provided by applicable law, the Certificate of Formation Articles, or this Agreement, the presence of a majority 75% of the Members based on a per capita basis Class A Units and represented in person or by proxy, shall constitute a quorum at a meeting of the Members. The Members present at a duly organized meeting may continue to transact business until adjournment, and the subsequent withdrawal departure of any Member from the meeting prior to adjournment of the meeting or the refusal of any Member to vote shall not affect the presence of a quorum at the meeting.
Appears in 2 contracts
Samples: Operating Agreement (Comstock Resources Inc), Operating Agreement (Bois D Arc Energy LLC)