Common use of Quorum of Members Clause in Contracts

Quorum of Members. Ten percent of the Class A Members represented in person or by written ballot, shall constitute a quorum at a meeting of the Members. The Members present at a duly organized meeting at which a quorum is present may transact business until adjournment, notwithstanding the departure or withdrawal of enough Members to leave less than a quorum.

Appears in 3 contracts

Samples: Operating Agreement (Northern Growers LLC), Operating Agreement (Northern Growers LLC), Operating Agreement (Northern Growers LLC)

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Quorum of Members. Ten percent of the Class A Members represented in person person, by proxy or by written ballot, shall constitute a quorum at a meeting of the Members. The Members present at a duly organized meeting at which a quorum is present may transact business until adjournment, notwithstanding the departure or withdrawal of enough Members to leave less than a quorum.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement (Lake Area Corn Processors LLC), Operating Agreement (Lake Area Corn Processors LLC)

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