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Common use of Quorum; Voting Clause in Contracts

Quorum; Voting. A quorum shall be present at a meeting of Members if the Members holding a Required Interest are represented at the meeting in person or by proxy. With respect to any matter, other than a matter for which the affirmative vote of a specified portion of all Members entitled to vote is required by the Act, the affirmative vote of the Members holding the Required Interest at a meeting of Members at which a quorum is present shall be the act of the Members.

Appears in 12 contracts

Samples: Operating Agreement (Stack Rock Capital, L.L.C.), Operating Agreement (Boise White Paper Sales Corp.), Limited Liability Company Agreement (Boise White Paper Sales Corp.)

Quorum; Voting. A quorum shall be present at a meeting of Members if the Members holding a Required Interest are represented at the meeting in person or by proxy. With respect to any matter, other than a matter for which the affirmative vote of the holders of a specified portion of all Members entitled to vote is required by the Act, the affirmative vote of the Members holding the Required Interest at a meeting of Members at which a quorum is present shall be the act of the Members.

Appears in 8 contracts

Samples: Operating Agreement, Operating Agreement (Officemax Inc), Operating Agreement (Officemax Inc)

Quorum; Voting. A quorum shall be present at a meeting of Members if the Members holding a Required Interest Voting Majority are represented at the meeting in person or by proxy. With respect to any matter, other than a matter for which the affirmative vote of the holders of a specified portion of all Members entitled to vote is required by the ActAct or by another provision of this Agreement, the affirmative vote of the Members holding the Required Interest a Voting Majority at a meeting of Members at which a quorum is present shall be the act of the Members.

Appears in 1 contract

Samples: Operating Agreement (Gse Systems Inc)