Action by Managers. Unless this Agreement requires a greater proportion, the action of a majority of the Managers present at a meeting at which a quorum is present is the action of the Board of Managers; provided, however, that so long as Xxx Xxxxxxxx is one of the JBGL Managers, such majority must include Xxx Xxxxxxxx, or any other Manager as may be designated by JBGL. A majority of the entire Board of Managers shall constitute a quorum for the transaction of business. In the absence of a quorum, the Managers present by majority vote and without notice other than by announcement may adjourn the meeting from time to time until a quorum shall be present. At any such adjourned meeting at which a quorum shall be present, any business may be transacted which might have been transacted at the meeting as originally notified. Any action required or permitted to be taken at a meeting of the Board of Managers may be taken without a meeting, if a written consent which sets forth the action is signed by at least a majority of the members of the entire Board of Managers; provided, however, that so long as Xxx Xxxxxxxx is one of the JBGL Managers, such majority must include Xxx Xxxxxxxx, or any other Manager as may be designated by JBGL.
Action by Managers. Any action required or permitted to be taken by the Managers may be taken without a meeting if the action is evidenced by one or more written consents describing the action taken, signed by all Managers, and included in the minutes of the Company.
Action by Managers. Unless statute or the Certificate of Formation or this Operating Agreement requires a greater proportion, the action of a majority of the Managers present at a meeting at which a quorum is present is action of the Board of Managers. A majority of the entire Board of Managers shall constitute a quorum for the transaction of business. Notwithstanding the foregoing, as to a vote on any matter regarding the distribution of funds of the Company to its Members, unanimous approval of all Managers shall be required. In the absence of a quorum, the Managers present by majority vote and without notice other than by announcement may adjourn the meeting from time to time until a quorum shall attend. At any such adjourned meeting at which a quorum shall be present, any business may be transacted which might have been transacted at the meeting as originally notified. Any action required or permitted to be taken at a meeting of the Board of Managers may be taken without a meeting, if an unanimous written consent which sets forth the action is signed by each member of the Board and filed with the minutes of proceedings of the Board.
Action by Managers. 8.01 The Managers have full authority to act on behalf of the Company and its Members in its best interest.
Action by Managers. References to Manager in the singular shall include the plural where appropriate. Whenever action or a decision of the Manager is called for, the concurrence of a majority of the Managers shall be required if there are more than two Managers acting. If there are two Managers, the concurrence of both shall be required. If there are an even number of Managers and they are deadlocked over an action or decision, the determination shall be made by a Majority Vote of the Advisory Committee.
Action by Managers. The rights and powers of the Managers hereunder shall be exercised by them in such manner as they may agree. In the absence of an agreement among the Managers, the following shall apply:
Action by Managers. 11 Section 6.3 Reliance on Third Parties............................................................. 11 Section 6.4 Signature of Manager.................................................................. 11 Section 6.5 Special Powers and Duties of Manager Relating to the Residences....................... 11 Section 6.6 General Duties of the Manager......................................................... 12 Section 6.7 Conflicts of Interest - Limitation of Liability....................................... 13 Section 6.8 Salaries.............................................................................. 13 Section 6.9
Action by Managers. Quorum; Voting; Action Without a Meeting .......................... 4.4 Adjournment .............................................................................................................. ARTICLE V - MEMBERS................................................................................................................ 5.1 Names and Addresses of Managers ...........................................................................
Action by Managers. Unless this Agreement requires a greater proportion, the action of a majority of the Managers present at a meeting at which a quorum is present is the action of the Board of Managers; provided, however, that so long as Xxx Xxxxxxxx is one of the JBGL Managers, such majority must include Xxx Xxxxxxxx, or any other Manager as may be designated by JBGL. A majority of the entire Board of Managers shall constitute a quorum for the transaction of business. In the absence of a quorum, the Managers present by 19
Action by Managers. Unless otherwise expressly provided by the Act, the Certificate, or the terms of this Agreement, each Manager shall be entitled to exercise all powers set forth in this Article VII and to take any action on behalf of the Company that the Managers are authorized to take pursuant to the Act, the Certificate or this Agreement. Unless otherwise expressly provided by the Act, the Certificate, or the terms of this Agreement, the signature of one Manager shall be required on any documents executed and delivered by the Company.
