Common use of Quorum; Adjourned Meetings Clause in Contracts

Quorum; Adjourned Meetings. The presence, in person or by proxy, of Members who own a Member Majority of the Shares outstanding shall constitute a quorum for the transaction of business at any regular or special meeting of the Members. If a quorum is not present at a meeting, the Members present shall adjourn to such day as they shall agree upon by a vote of the Members present who hold a Member Majority of the Shares held by the Members who are present. Notice of any adjourned meeting need not be given if the date, time and place thereof are announced at the meeting at which the adjournment is taken. At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed. If a quorum is present, the Members may continue to transact business until adjournment notwithstanding the withdrawal of enough Members to leave less than a quorum.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Lorus Therapeutics Inc), Limited Liability Company Agreement (Lorus Therapeutics Inc)

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Quorum; Adjourned Meetings. The presence, in person or by proxy, of Members who own a Member Majority 75% of the Shares Units outstanding shall constitute a quorum for the transaction of business at any regular or special meeting of the Members. If a quorum is not present at a meeting, the Members present shall adjourn to such day as they shall agree upon by a vote of the Members present who hold a Member Majority 75% majority of the Shares Units held by the Members who are present. Notice of any adjourned meeting need not be given if the date, time and place thereof are announced at the meeting at which the adjournment is taken. At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed. If a quorum is present, the Members may continue to transact business until adjournment notwithstanding the withdrawal of enough Members to leave less than a quorum.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Biolife Solutions Inc)

Quorum; Adjourned Meetings. The presence, in person or by proxy, of the Members who own hold a Member Majority majority of the Shares outstanding Units held by the Members shall constitute a quorum for the transaction of business at any regular or special meeting of the Members. If a quorum is not present at a meeting, the Members present shall adjourn to such day as they shall agree upon by a vote of the Members present who hold a Member Majority majority of the Shares Units held by the Members who are then present. Notice of any adjourned meeting need not be given if the date, time and place thereof are announced at the meeting at which the adjournment is taken. At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed. If a quorum is present, the Members may continue to transact business until adjournment notwithstanding the withdrawal of enough Members to leave less than a quorum.

Appears in 1 contract

Samples: Merger Agreement (Sprouts Farmers Markets, LLC)

Quorum; Adjourned Meetings. The presence, in person or by proxy, of Members who own at least a Member Majority majority of the Shares Units outstanding and entitled to vote at such meeting shall constitute a quorum for the transaction of business at any regular or special meeting of the Members. If a quorum is not present at a meeting, the Members present shall may adjourn to such day as they shall agree upon by a vote of the Members present who hold at least a Member Majority majority of the Shares Units held by the Members who are presentpresent and entitled to vote at such meeting. Notice of any adjourned meeting need not be given if the date, time and place thereof are announced at the meeting at which the adjournment is taken. At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed. If a quorum is present, the Members may continue to transact business until adjournment notwithstanding the withdrawal of enough Members to leave less than a quorum.

Appears in 1 contract

Samples: Operating Agreement (Norhart Invest LLC)

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Quorum; Adjourned Meetings. The presence, in person or by proxy, of Members who own a Member Majority majority of the Shares outstanding shall Voting Percentage (Regular) will constitute a quorum for the transaction of business at any regular or special meeting of the Members. If a quorum is not present at a meeting, the Members present shall will adjourn to such day as they shall will agree upon by a vote of the Members present who hold a Member Majority majority of the Shares Voting Percentages (Regular) held by the Members who are present. Notice of any adjourned meeting need not be given if the date, time and place thereof are announced at the meeting at which the adjournment is taken. At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed. If a quorum is present, the Members may continue to transact business until adjournment notwithstanding the withdrawal of enough Members to leave less than a quorum.

Appears in 1 contract

Samples: Limited Liability Company Agreement (ASAlliances Biofuels, LLC)

Quorum; Adjourned Meetings. The presence, in person or by proxy, of all Members who own a Member Majority of the Shares outstanding shall constitute a quorum for the transaction of business at any regular or special meeting of the Members. If a quorum is not present at a meeting, the Members present shall adjourn to such day as they shall agree upon by a vote of the Members present who hold a Member Majority majority of the Shares Percentage Interests held by the Members who are present. Notice of any adjourned meeting need not be given if the date, time and place thereof are announced at the meeting at which the adjournment is taken. At adjourned meetings at which a quorum is present, any business may be transacted which might have been transacted at the meeting as originally noticed. If a quorum is present, the Members may continue to transact business until adjournment notwithstanding the withdrawal of enough Members to leave less than a quorum.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Global Gold Corp)

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