Common use of Voting and Act of the Board Clause in Contracts

Voting and Act of the Board. Each Director has one (1) vote, without regard to the Class or Class of Members that elected or appointed the Director, unless otherwise provided in a Class designation. The Board shall take action by the affirmative vote of a majority of the Directors present at a duly held meeting at which a Quorum is present. Provided that a Quorum is present, there is no requirement that any action of the Board be approved by Directors elected or appointed by a certain Class of Members, unless otherwise provided in a Class designation.

Voting and Act of the Board. Each Director Manager has one (1) vote, without regard to the Class or Class Classes of Members that elected or appointed the DirectorManager, unless otherwise provided in a Class designation. The Board shall take action by the affirmative vote of a majority of the Directors Managers present at a duly held meeting at which a Quorum quorum is present. Provided that a Quorum quorum is present, there is no requirement that any action of the Board be approved by Directors Managers elected or appointed by a certain Class of Members, unless otherwise provided in a Class designation.

Voting and Act of the Board. Each Director has one (1) vote, without regard to the Class or Class Classes of Members that elected or appointed the Director, unless otherwise provided in a Class designation. The Board shall take action by the affirmative vote of a majority of the Directors present at a duly held meeting at which a Quorum quorum is present. Provided that a Quorum quorum is present, there is no requirement that any action of the Board be approved by Directors elected or appointed by a certain Class of Members, unless otherwise provided in a Class designation.