Common use of Quorum; Majority Vote Clause in Contracts

Quorum; Majority Vote. At all meetings of the Board of Managers, a majority of the members of the Board of Managers shall constitute a quorum for the transaction of business. Except as otherwise provided in this Operating Agreement, the act of a majority of the Managers present at any meeting at which a quorum is present shall be the act of the Board of Managers. If a quorum shall not be present at any meeting of the Board of Managers, the Managers present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is present.

Appears in 16 contracts

Sources: Operating Agreement, Operating Agreement (South Dakota Soybean Processors LLC), Operating Agreement

Quorum; Majority Vote. At all meetings of the Board of Managers, a majority of the members of the Board of Managers shall constitute a quorum for the transaction of business. Except as otherwise provided in this Operating Agreement, the act of a majority of the Managers present at any meeting at which a quorum is present shall be the act of the Board of Managers. If a quorum shall not be present at any meeting of the Board of Managers, the Managers present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is present.

Appears in 1 contract

Sources: Operating Agreement

Quorum; Majority Vote. At all meetings of the Board of Managers, a majority of the members of the Board of Managers shall constitute a quorum for the transaction of business. Except as otherwise provided in this Operating Agreement, the act of a majority of the Managers present at any meeting at which a quorum is present shall be the act of the Board of Managers. If a quorum shall not be present at any meeting of the Board of Managers, the Managers present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is present.. 8.16

Appears in 1 contract

Sources: Operating Agreement (Lake Area Corn Processors LLC)

Quorum; Majority Vote. At all meetings of the Board of Managers, a majority of the members of the Board of five Managers shall constitute a quorum for the transaction of business. Except as otherwise provided in this Operating Agreement, the The act of a majority of the Managers present at any meeting at which a quorum is present shall be the act of the Board of ManagersManagers unless the act of a greater number, or the act of Managers elected by certain Classes is required by this Operating Agreement. If a quorum shall not be present at any meeting of the Board of Managers, the Managers present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is present.

Appears in 1 contract

Sources: Operating Agreement (Western Plains Energy LLC)

Quorum; Majority Vote. At all meetings of the Board of Managers, Directors a majority of the members number of the Board of Managers directors then in office shall constitute a quorum for the transaction of business. Except as otherwise provided in this Operating Agreement, the The act of a majority of the Managers directors present at any a meeting at which a quorum is present shall be the act of the Board of ManagersDirectors, except as otherwise specifically provided by law, the Articles or these Bylaws. If a quorum shall is not be present at any a meeting of the Board of ManagersDirectors, the Managers directors present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is present.

Appears in 1 contract

Sources: Plan of Conversion