Common use of Action by Shareholders Clause in Contracts

Action by Shareholders. When a quorum is present at any meeting, the vote of the holders of a majority of the Shares having voting power present in person or represented by proxy shall decide any question brought before such meeting, unless the question is one upon which by express provision of this Agreement, the Act, or of the Certificate of Formation, a different vote is required, in which case such express provision shall govern and control the decision of such question.

Action by Shareholders. When a quorum is present at any meeting, the vote of the holders of a majority of the Shares shares having voting power present in person or represented by proxy shall decide any question brought before such meeting, unless the question is one upon which by express provision of this Agreement, the Act, Delaware General Corporation Law or of the Certificate of FormationIncorporation, a different vote is required, in which case case, such express provision shall govern and control the decision of such question.

Action by Shareholders. When a quorum is present at any meeting, the vote of the holders of a majority of the Shares shares having voting power power, present in person or represented by proxy proxy, shall decide any question brought before such meeting, unless the question is one upon which by express provision of this Agreement, the Act, or of the Certificate of Formation, a different vote is required, in which case such express provision shall govern and control the decision of such question.