Common use of noticed Clause in Contracts

noticed. The Voting Members present at a duly organized meeting may continue to transact business until adjournment, notwithstanding the withdrawal during such meeting of the Voting Members whose absence would cause less than a quorum. The Nonvoting Members holding at least a majority of the total outstanding Nonvoting Units, represented in person or by proxy, shall constitute a quorum of the Nonvoting Members for purposes of any meeting of the Nonvoting Members.

Appears in 3 contracts

Sources: Operating Agreement (Portfolio Boost I Lp), Operating Agreement (Portfolio Boost Ii Lp), Operating Agreement (Portfolio Boost Iii Lp)