Quorum; Voting Requirement. The presence, in person or by proxy, of a majority of the Members (but if there are less than three Members, all Members) shall constitute a quorum for the transaction of business by the Members. The affirmative vote of all of the Members present at a meeting shall constitute a valid decision of the Members.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Natural Resource Partners Lp), Contribution Agreement (Natural Resource Partners Lp), Limited Liability Company Agreement (Natural Resource Partners Lp)
Quorum; Voting Requirement. The presence, in person or by proxy, of a majority Majority in Interest of the Members (but if there are less than three Members, all Members) shall constitute a quorum for the transaction of business by the Members. The affirmative vote of all a Majority in Interest of the Members present present, in person or by proxy, at a any meeting shall constitute a valid decision of the Members, except where a larger vote is required by the Act.
Appears in 2 contracts
Samples: Operating Agreement (Duberstein Gary K), Operating Agreement (Greenmarine Acquisition Corp)
