Voting; Quorum; Required Vote for Action. Unless otherwise required by the Act: (i) each member of the Board of Directors shall have one vote; (ii) the presence at a meeting of a majority of the members of the Board of Directors shall constitute a quorum at any such meeting for the transaction of business; and (iii) the act of a majority of the members of the Board of Directors present at a meeting at which a quorum is present shall be deemed to constitute an act of the Board of Directors.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (NuStar Energy L.P.), Agreement and Plan of Merger, Limited Liability Company Agreement (Shamrock Logistics Lp)
Voting; Quorum; Required Vote for Action. Unless otherwise required by the Act:, other Law or the provisions hereof,
(i) each member of the Board of Directors shall have one vote;
(ii) except for matters requiring Special Approval, the presence at a meeting of a majority of the members of the Board of Directors shall constitute a quorum at any such meeting for the transaction of business; and
(iii) except for matters requiring Special Approval, the act of a majority of the members of the Board of Directors present at a meeting duly called in accordance with Section 6.2(d) at which a quorum is present shall be deemed to constitute an the act of the Board of Directors.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Enterprise GP Holdings L.P.), Limited Liability Company Agreement (Energy Transfer Equity, L.P.), Limited Liability Company Agreement (Energy Transfer Equity, L.P.)
Voting; Quorum; Required Vote for Action. Unless otherwise required by the Act:, other Law or the provisions hereof,
(i) each member of the Board of Directors shall have one vote;
(ii) except for matters requiring Special Approval, the presence at a meeting of a majority of the members of the Board of Directors shall constitute a quorum at any such meeting for the transaction of business; and
(iii) except for matters requiring Special Approval, the act of a majority of the members of the Board of Directors present at a meeting duly called in accordance with Section 6.5(d) at which a quorum is present shall be deemed to constitute an the act of the Board of DirectorsBoard.
Appears in 3 contracts
Samples: Merger Agreement (Energy Transfer Equity, L.P.), Merger Agreement (Williams Companies Inc), Merger Agreement
Voting; Quorum; Required Vote for Action. Unless otherwise required by the Act:, other Law or the provisions hereof,
(i) each member of the Board of Directors shall have one vote;
(ii) the presence at a meeting of the Board of Directors of a majority of the members of the Board of Directors shall constitute a quorum at any such meeting for the transaction of business; and
(iii) the act of a majority of the members of the Board of Directors present at a meeting of the Board of Directors at which a quorum is present shall be deemed to constitute an the act of the Board of Directors.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Kaneb Services LLC), Limited Liability Company Agreement (Mariner Energy LLC)
Voting; Quorum; Required Vote for Action. Unless otherwise required by the Act:
(provisions hereof, [i) ] each member of the Board of Directors Director shall have one vote;
(; [ii) ] the presence at a meeting of the Board of a majority of the members of the Board of Directors then in office shall constitute a quorum at any such meeting for the transaction of business; and
(and [iii) ] the act of a majority of the members of the Board of Directors present at a meeting at which a quorum is present shall be deemed to constitute an the act of the Board of DirectorsBoard.
Appears in 2 contracts
Samples: Operating Agreement (Liberty Media Corp /De/), Operating Agreement (Liberty Media Corp /De/)
Voting; Quorum; Required Vote for Action. Unless otherwise required by the Act:, other law or the provisions hereof,
(i1) each member of the Board of Directors shall have one vote;
(ii2) the presence at a meeting of a majority of the members of the Board of Directors shall constitute a quorum at any such meeting for the transaction of business; and
(iii3) the act of a majority of the members of the Board of Directors present at a meeting at which a quorum is present shall be deemed to constitute an the act of the Board of Directors.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Enterprise Products Partners L P), Limited Liability Company Agreement (Enterprise Products Partners L P)
Voting; Quorum; Required Vote for Action. Unless otherwise required ---------------------------------------- by the Act:, other Law or the provisions hereof,
(i) each member of the Board of Directors shall have one vote;
(ii) the presence at a meeting of a majority of the members of the Board of Directors shall constitute a quorum at any such meeting for the transaction of business; and
(iii) the act of a majority of the members of the Board of Directors present at a such meeting at which a quorum is present shall be deemed to constitute an the act of the Board of Directors.
Appears in 1 contract
Samples: Limited Liability Company Agreement (New Millennium Homes LLC)
Voting; Quorum; Required Vote for Action. Unless otherwise required by the Act:, other Law or the provisions hereof,
(i) each member of the Board of Directors shall have one vote;
(ii) the presence at a meeting of a majority of the members of the Board of Directors shall constitute a quorum at any such meeting for the transaction of business; and
(iii) the act of a majority of the members of the Board of Directors present at a meeting duly called in accordance with Section 5.5(d) at which a quorum is present shall be deemed to constitute an the act of the Board of DirectorsBoard.
Appears in 1 contract
Voting; Quorum; Required Vote for Action. Unless otherwise required by the Act:, other Law or the provisions hereof,
(i) each member of the Board of Directors shall have one vote;
(ii) the presence at a meeting of the Board of Directors of a majority of the members of the Board of Directors shall constitute a quorum at any such meeting for the transaction of business; and
(iii) the act of a majority of the members of the Board of Directors present at a meeting at which a quorum is present shall be deemed to constitute an act of the Board of Directors.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Kaneb Services LLC)
