Common use of Action by the Board of Managers Clause in Contracts

Action by the Board of Managers. (a) Meetings of the Board may be called by any Manager upon two (2) days prior written notice to each Manager. The presence of a majority of the Managers then in office shall constitute a quorum at any meeting of the Board. All actions of the Board shall require the affirmative vote of a majority of the Managers then in office.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (HomeAdvisor, Inc.), Limited Liability Company Agreement (Dictionary.com, LLC), Limited Liability Company Agreement (Dictionary.com, LLC)

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Action by the Board of Managers. (a) Meetings of the Board of Managers may be called by any Manager upon two (2) days twenty-four hours prior written notice to each Manager. The presence of a majority of the Managers then in office shall constitute a quorum at any meeting of the BoardBoard of Managers. All actions of the Board of Managers shall require the affirmative vote of a majority of the Managers then in office.

Appears in 1 contract

Samples: Agreement and Plan of Merger (JGWPT Holdings Inc.)

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