Common use of Action by Vote Clause in Contracts

Action by Vote. Except as may be otherwise provided by law or by this Agreement, when a quorum is present at any meeting the vote of a majority of the Partner Representatives present shall be the act of the Board of Partner Representatives.

Action by Vote. Except as may be otherwise provided by law or by this Agreement, when a quorum is present at any meeting meeting, the vote of by the Members holding Interests that represent at least a majority of the Partner Representatives present issued and outstanding Interests entitled to vote thereat shall be the act of the Board of Partner RepresentativesMembers.