Common use of Quorum; Required Vote for Action Clause in Contracts

Quorum; Required Vote for Action. At all meetings of the Managers, the presences of a majority of the number of Managers fixed by or in accordance with this Agreement shall be necessary and sufficient o constitute a quorum for the transaction of business. The act of a majority of the Managers at any meeting at which a quorum is present shall be the act of the Managers unless the act of a greater numbers is required by law, the Company’s Articles of Organization or this Limited Liability Company Agreement. If a quorum is not present at any meeting of the Managers, the Managers present may adjourn the meeting from time to time without notice other than announcement at the meeting until a quorum shall be present.