Quorum of and Action by Managers Clause Samples

Quorum of and Action by Managers. A majority of the number of Managers fixed by or in the manner provided in this Agreement, as from time to time amended, shall constitute a quorum for the transaction of business. The act of a majority of the Managers present at any meeting at which a quorum is present shall be the act of the Managers, except as may be otherwise specifically provided by statute, the Certificate of Formation, or by this Agreement.

Quorum of and Action by Managers. At all meetings of the Managers the presence of a majority of the number of Managers fixed by or in the manner provided by this Agreement shall be necessary and sufficient to constitute a quorum for the transaction of business. Unless otherwise specifically required by law or this Agreement, the act of a majority of Managers present at a meeting at which a quorum is present shall be the act of the Managers; provided that such majority includes the affirmative vote of one MDC Holdco Manager. If a quorum shall not be present at any meeting of the Managers, the Managers present may adjourn the meeting to another time by giving reasonable notice of the date, time and place of the adjourned meeting to all Managers. At any such adjourned meeting at which a quorum is present, any business may be transacted that might have been transacted at the meeting as originally convened.

Quorum of and Action by Managers. A majority (by voting power as determined pursuant to Section 6.15(a)) of the Managers in office shall constitute a quorum for the transaction of business; but a lesser number may adjourn from day to day until a quorum is present. Except as otherwise provided by law or in this Agreement, all questions shall be decided by a majority of the votes cast by the Managers present.

Quorum of and Action by Managers. The presence, in person or by proxy, of four Managers shall constitute a quorum for the transaction of business at any meeting of the Managers. Except as otherwise expressly set forth in this Agreement, any action taken by the Managers hereunder shall require the approval of at least four Managers, and any action so taken and approved shall constitute the act of the Managers.

Quorum of and Action by Managers. The presence, in person or by proxy, of at least one (1) Manager elected by the holders of the Class A Units voting separately as a class and at least one (1) Manager elected by the holders of the Class B Units voting separately as a class shall constitute a quorum for the transaction of business at any meeting of the Managers. Except as otherwise expressly set forth in this Agreement, any action to be taken or approved by the Managers hereunder must be taken or approved by the Managers, and any action so taken or approved shall constitute the act of the Managers.

Quorum of and Action by Managers. At all meetings of the Managers, the presence of a majority of the Managers shall be necessary to constitute a quorum for the transaction of business, except as otherwise provided by statute. The act of a majority of the Managers present at a meeting at which a quorum is present shall be the act of the Managers unless the act of a greater number is required by statute, the Certificate of Formation or these Regulations. If a quorum shall not be present at any meeting of the Managers, the Managers present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present. At any such adjourned meeting any business may be transacted that might have been transacted at the meeting as originally convened.

Quorum of and Action by Managers. All of the Managers comprising the Board of Managers shall constitute a quorum for the transaction of business at any meeting of the Board of Managers. Except as otherwise provided herein, the unanimous act of the Managers shall be required for any act of the Board of Managers. If a deadlock occurs with respect to any vote or consent required by the Board of Managers on any matter under this Agreement (a “Deadlock”), the Managers shall in good faith attempt to resolve the Deadlock. In the event said Deadlock cannot be resolved by and amongst the Managers, any Member may elect to initiate dissolution proceedings, as set forth in Section 15.1.

Quorum of and Action by Managers