Common use of Quorum; Voting Requirement Clause in Contracts

Quorum; Voting Requirement. (a) The presence, in person or by proxy, of a Member Majority will constitute a quorum for the transaction of business by the Members. If less than a Member Majority is represented at a meeting, then any Member may adjourn the meeting to a specified date not longer than 90 days after such adjournment, without further notice. At such adjourned meeting at which a quorum is present or represented by proxy, any business may be transacted that might have been transacted at the meeting as originally noticed.

Quorum; Voting Requirement. (a) The presence, in person or by proxy, of a Voting Member Majority will constitute a quorum for the transaction of business by the Voting Members. If less than a Voting Member Majority is represented at a meeting, then any Voting Member may adjourn the meeting to a specified date not longer than 90 days after such adjournment, without further noticeNotice. At such adjourned meeting at which a quorum is present or represented by proxy, any business may be transacted that might have been transacted at the meeting as originally noticedNoticed.