Common use of Quorum Clause in Contracts

Quorum. At all meetings of the Board of Managers a majority of the total number of Managers shall constitute a quorum for the transaction of business and the act of a majority of the Managers present at any meeting at which there is a quorum shall be the act of the Board of Managers, except as may be otherwise specifically provided by law. 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 shall be present.

Appears in 20 contracts

Samples: Limited Liability Company Agreement (Lind-Waldock Securities, LLC), Limited Liability Company Agreement (Lind-Waldock Securities, LLC), Limited Liability Company (Lind-Waldock Securities, LLC)

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Quorum. At all meetings of the Company Board of Managers a majority of the total number of Managers shall constitute a quorum for the transaction of business and the act of a majority of the total number of Managers present at any meeting at which there is a quorum shall be the act of the Board of ManagersCompany Board, except as may be otherwise specifically provided herein or by law. If a quorum shall not be present at any meeting of the Board of ManagersCompany Board, 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.

Appears in 17 contracts

Samples: Limited Liability Company Agreement (U.S. Shipping Finance Corp.), Limited Liability Company Agreement (U.S. Shipping Finance Corp.), Limited Liability Company Agreement (U.S. Shipping Finance Corp.)

Quorum. At all meetings All of the Managers constitutes a quorum of the Board of Managers a majority of the total number of Managers shall constitute a quorum for the transaction of business and the business, except to adjourn as hereinafter provided. Every act of or decision made by a greater than two-thirds majority of the Managers present at any a meeting duly held at which there is a quorum is present shall be regarded as the act of the Board of Managers, except as may be otherwise specifically provided unless a greater number is required by law, by contract or hereunder. If A meeting at which a quorum shall not be is initially present at any meeting of may continue to transact business notwithstanding the Board withdrawal of Managers, if any action taken is approved by at least a majority of the Managers present thereat may adjourn the meeting from time to time, without notice other than announcement at the required quorum for such meeting, until a quorum shall be present.

Appears in 10 contracts

Samples: Operating Agreement (Claymore MACROshares Oil Down Holding Trust), Operating Agreement (Macro Inflation Depositor, LLC), Operating Agreement (MacroShares $100 Oil Up Trust)

Quorum. At all meetings of the Board of Managers a A majority of the total number of Managers serving on the Board shall constitute a quorum for the transaction of business and the act of a majority of the Managers present Board. At all times when the Board is conducting business at any a meeting at which there is of the Board, a quorum shall be the act of the Board of Managers, except as may must be otherwise specifically provided by lawpresent at such meeting. If a quorum shall not be present at any meeting of the Board of ManagersBoard, then the Managers present thereat at the meeting may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present.

Appears in 6 contracts

Samples: Operating Agreement (Verb Technology Company, Inc.), Operating Agreement (Agrify Corp), Limited Liability Company Operatng Agreement (Helpful Alliance Co)

Quorum. At all meetings of the Board of Managers Managers, a majority of the total number of Managers shall constitute a quorum for the transaction of business and at any meeting of the act Managers, and, except as so provided, the vote of a majority of the Managers present at any meeting at which there is a quorum is present shall be the act of the Board Managers. In the absence of Managersa quorum, except as may be otherwise specifically provided by law. If a quorum shall not be present at any meeting majority of the Board of Managers, the Managers present thereat may adjourn the meeting from to another time to timeand place. At any adjourned meeting at which a quorum is present, without notice other than announcement any business that might have been transacted at the meeting, until a quorum shall meeting as originally called may be presenttransacted.

Appears in 4 contracts

Samples: Operating Agreement (Pacific Custom Materials Inc), Operating Agreement (American Materials Transport, Inc.), Operating Agreement (American Materials Transport, Inc.)

Quorum. At all meetings of the Board of Managers a A majority of the total number of Managers present at any meeting shall constitute a quorum for the transaction of business and the act of a majority of the Managers present at any meeting at which there is a quorum shall be the act of the Board of Managers, except as may be otherwise specifically provided by lawbusiness. If a quorum shall not be present at any meeting of the Board Managers there shall be less than a quorum present, a majority of Managers, the Managers those present thereat may adjourn the meeting from time to timetime until a quorum is obtained, without and no further notice thereof need be given other than by announcement at the meeting, until meeting which shall be so adjourned. The vote of the majority of the Managers present at a meeting at which a quorum is present shall be presentthe act of the Managers unless this Agreement shall require the vote of a greater number.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Lorillard, LLC), Limited Liability Company Agreement (RJR Packaging, LLC), Limited Liability Company Agreement (RJR Packaging, LLC)

Quorum. At all meetings of the Board of Managers a A majority of the total number of members of the Board of Managers as constituted from time to time, including at least two (2) Independent Managers, shall constitute a quorum for the transaction of business. No business and shall be conducted unless a quorum is then present at the act of a majority meeting in person or by proxy. The Chairperson of the Managers present at any meeting at which there is Company or, in his or her absence, a quorum shall be the act of member selected by the Board of ManagersManagers at the beginning of the meeting, except as may be otherwise specifically provided by law. If a quorum shall not be present at preside over 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 shall be present.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Standard & Poor's Financial Services LLC), Limited Liability Company Agreement (Standard & Poor's Financial Services LLC)

Quorum. At all meetings of the Board of Managers Board, a majority of the total number of Managers managers shall constitute a quorum for the transaction of business business, and the act acts of a the majority of the Managers managers present at any a meeting at which there is a quorum is present shall be the act acts of the Board of ManagersBoard. If, except as may be otherwise specifically provided by law. If a quorum shall not be present at any meeting of the Board of ManagersBoard, there be less than a quorum present, the Managers majority of those present thereat may adjourn the meeting from time to time. At any such adjourned meeting, without notice other than announcement any business which might have been transacted at the meeting, until a quorum shall meeting as originally called may be presenttransacted without further notice.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Quorum. At all meetings of the Board of Managers Managers, a majority of the total number of Managers then in office shall constitute a quorum for the transaction of business business, and the act of a majority of the Managers present at any meeting at which there is a quorum shall be the act of the Board of Managers, except as may be otherwise specifically provided by lawstatute or by the Certificate of Formation. 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 shall be present.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Kollmorgen Corp), Limited Liability Company Operating Agreement (Valor Telecommunications Southwest LLC)

Quorum. At all meetings of the Board of Managers a A majority of the total number of Managers shall constitute a quorum for the transaction of business and of the act of Board. Any meeting may be adjourned from time to time by a majority of the Managers present at any meeting at which there is a quorum shall be the act of the Board of Managers, except as may be otherwise specifically provided by law. 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 whether or not a quorum shall is present, and the meeting may be presentadjourned without further notice.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (HollyFrontier Corp), Limited Liability Company Agreement (Holly Energy Partners Lp)

Quorum. At all meetings The presence of at least eighty percent (80%) of the Managers serving on the Board of Managers a majority of the total number of Managers shall constitute a quorum for the transaction of business and the act of a majority of the Managers present Board. At all times when the Board is conducting business at any a meeting at which there is of the Board, a quorum shall be the act of the Board of Managers, except as may must be otherwise specifically provided by lawpresent at such meeting. If a quorum shall not be present at any meeting of the Board of ManagersBoard, then the Managers present thereat at the meeting may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Shepherd's Finance, LLC), Limited Liability Company Agreement (Shepherd's Finance, LLC)

Quorum. At all meetings of the Board of Managers a majority of the total number of Managers shall constitute a quorum for the transaction of business and the act of a majority of the Managers present at any meeting at which there is a quorum shall be the act of the Board of Managers, except as may be otherwise specifically provided by lawa majority of the entire Board of Managers shall constitute a quorum. If there is less than a quorum shall not be present at any meeting of the Board of Managers, the such Managers present thereat may at the meeting shall adjourn the meeting from time to time, without time for such period of time as may be approved by a majority of the votes present and shall cause notice other than announcement at of such adjournment to be delivered to all of the Managers who were absent from the adjourned meeting, until a quorum shall be present.

Appears in 1 contract

Samples: Interparty Agreement (Bloom Energy Corp)

Quorum. At all meetings of the Board of Managers any meeting, a majority of the total number members of the Board of Managers shall constitute a quorum for the transaction of business and the act of all purposes. If a quorum fails to attend any meeting, a majority of the Managers present at any may adjourn the meeting at which there is a quorum shall be to another date, time and place with notice to the act of Managers given in the Board of Managers, except same manner as may be otherwise specifically provided by law. If a quorum shall not be present at any for an emergency 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 shall be present.

Appears in 1 contract

Samples: Limited Liability Company Agreement (PSF Holdings LLC)

Quorum. At all meetings of the Board of Managers a majority of the total number of Managers shall constitute a quorum for the transaction of business and the act of a majority of the Managers present at any meeting at which there is a quorum shall be the act of the Board of Managers, except as may be otherwise specifically provided by law. 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 shall be he present.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Lind-Waldock Securities, LLC)

Quorum. At Except as may be otherwise specifically provided by law, the Articles of Organization or this Agreement, at all meetings of the Board of Managers Managers, a majority of the total number of Managers shall constitute a quorum for the transaction of business and the act of a majority of the Managers present at any meeting at which there is a quorum shall be the act of the Board of Managers, except as may be otherwise specifically provided by law. 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 shall be present.

Appears in 1 contract

Samples: Operating Agreement (Northern Technologies International Corp)

Quorum. At all meetings any regular or special meeting of the Board of Managers Managers, a majority of the total number of Managers shall constitute a quorum for of the transaction Board of business and the act of Managers, but a majority of the Managers present at any meeting at which there is (though less than a quorum shall be the act of the Board of Managers, except as may be otherwise specifically provided by law. If a quorum shall not be present at any meeting of the Board of Managers, the Managers present thereat quorum) may adjourn the a meeting from time to time, time without notice other than announcement at the meeting, until a quorum shall be presentfurther notice.

Appears in 1 contract

Samples: Operating Agreement (Quad/Graphics Kingsport LLC)

Quorum. At all meetings of the Board of Managers Management Committee a majority of the total number of Managers shall constitute a quorum for the transaction of business and the act of a majority of the Managers present at any meeting at which there is a quorum shall be the act of the Board of Managers, except as may be otherwise specifically provided by law. If a quorum shall not be present at any meeting of the Board of ManagersManagement Committee, the Managers present thereat at such meeting may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present.

Appears in 1 contract

Samples: Operating Agreement (Sound Surgical Technologies Inc.)

Quorum. At all meetings of the Board of Managers a A majority of the total number of Managers shall constitute a quorum for the transaction of business and of the act Board; a quorum shall not in any case be less than one-third of the total number of Managers constituting the whole Board. Any meeting may be adjourned from time to time by a majority of the Managers present at any meeting at which there is votes cast upon the question, whether or not a quorum shall be is present, and the act of the Board of Managers, except as meeting may be otherwise specifically provided by law. 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, held as adjourned without notice other than announcement at the meeting, until a quorum shall be presentfurther notice.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Clear Channel Identity, Inc.)

Quorum. At all meetings of the Board of Managers a majority of the total number of Managers shall constitute a quorum for the transaction of business and the act of a majority of the Managers present at any meeting at which there is a quorum shall be the act of the Board of Managers, except as may be he otherwise specifically provided by law. 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 shall be present.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Lind-Waldock Securities, LLC)

Quorum. At all meetings of the Board of Managers Management Committee, a majority ------ of the total number of Managers shall members then in office will constitute a quorum for the transaction of business and business. Except for actions required by these Regulations or the Operating Agreement to be taken by a different vote of the Management Committee, the act of a majority of the Managers members present at any meeting at which there is a quorum shall will be the act of the Board of Managers, except as may be otherwise specifically provided by lawManagement Committee. If a quorum shall is not be present at any meeting of the Board of ManagersManagement Committee, the Managers members present thereat may adjourn the meeting from time to timetime to another date, time or location without notice other than announcement at the meeting, until a quorum shall be is present.

Appears in 1 contract

Samples: Operating Agreement (Greenmountain Com Co)

Quorum. At all meetings of the Board of Managers Management Committee, a majority of the total number of Managers shall constitute a quorum for the transaction of business. At all times when the Management Committee is conducting business and the act of at a majority meeting of the Managers Management Committee, a quorum of the Management Committee must be present at any meeting at which there is a quorum shall be the act of the Board of Managers, except as may be otherwise specifically provided by lawsuch meeting. If a quorum shall not be present at any meeting of the Board of ManagersManagement Committee, then the Managers present thereat at the meeting may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present.

Appears in 1 contract

Samples: Partnership Agreement (Carolina Complete Health Network, Inc.)

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Quorum. At all meetings of the Board of Managers Management Board, a majority of the total number of Managers members shall constitute a quorum for the transaction of business and the act of a majority of the Managers members present at any meeting at which there is a quorum shall be the act of the Board of ManagersManagement Board, except as may otherwise be otherwise specifically provided by lawstatute, by the Certificate of Formation, or under this Agreement. If a quorum shall not be present at any meeting of the Board of ManagersManagement Board, the Managers members present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Berthel Sbic LLC)

Quorum. At all meetings of the Board of Managers a A majority of the total number of Managers shall constitute a quorum for the transaction of business and at any meeting of the act Management Board. If less than a quorum of Managers is present at a Management Board meeting, a majority of the Managers present at any meeting at which there is a quorum shall be the act of the Board of Managers, except as may be otherwise specifically provided by law. 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 and may reconvene the meeting without further notice. No Manager shall fail to time, without notice other than announcement at attend a meeting of the meeting, until Management Board for purposes of defeating a quorum shall be presentor avoiding corporate action.

Appears in 1 contract

Samples: Limited Liability Company (Integrated Orthopedics Inc)

Quorum. At A majority of the total number of the whole Board of Managers shall constitute a quorum at all meetings of the Board of Managers a majority Managers. In the event one or more of the total number of Managers shall be disqualified to vote at any meeting, then the required quorum shall be reduced by one for each such Manager so disqualified; provided, however, that in no case shall less than one- half (1/2) of the number so fixed constitute a quorum. In the absence of a quorum for the transaction of business and the act of at any such meeting, a majority of the Managers present at any meeting at which there is a quorum shall be the act of the Board of Managers, except as may be otherwise specifically provided by law. 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, time without further notice other than announcement at the meeting, until a quorum shall be present.

Appears in 1 contract

Samples: Operating Agreement (Historic Preservation Properties 1989 Limited Partnership)

Quorum. At all meetings of the Board of Managers Managers, the presence of a majority of the total number Managers of the Board of Managers shall be necessary to constitute a quorum for the transaction of business and the act of a majority of the Managers present at any meeting at which there is a quorum shall be the act of the Board of Managers, except as may be otherwise specifically provided by lawbusiness. If a quorum shall not be present at any meeting of the Board of Managers, the Managers present thereat may may, in accordance with Section 3.5, adjourn and reschedule the meeting from time to time, without notice other a date no earlier than announcement at the meeting, until a quorum shall be presentfive days thereafter.

Appears in 1 contract

Samples: Shareholder Agreement (Inverness Medical Innovations Inc)

Quorum. At all meetings of the Board of Managers Managers, a majority of the total number of Managers then serving shall constitute a quorum for the transaction of business and business. Unless otherwise provided in this Agreement, the act of a majority of the Managers present at any a meeting at which there is a quorum shall be the act of the Board of Managers. Notwithstanding the foregoing, except as may if vacancies in the Board of Managers cause the number of remaining Managers to be otherwise specifically provided by law. If a quorum shall not be present at any meeting less than quorum, an act of the Board of Managers shall require an approval by all of the remaining 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (SK Ecoplant Co., Ltd.)

Quorum. At all meetings of the Board of Managers a A majority of the total number of members of the Board of Managers as constituted from time to time, including at least two (2) Independent Managers, shall constitute a quorum for the transaction of business. No business and shall be conducted unless a quorum is then present at the act of a majority meeting in person or by proxy. The Chairman of the Managers present at any meeting at which there is Company or, in his absence, a quorum shall be the act of member selected by the Board of ManagersManagers at the beginning of the meeting, except as may be otherwise specifically provided by law. If a quorum shall not be present at preside over 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 shall be present.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Standard & Poor's Financial Services LLC)

Quorum. At all meetings A majority of the Board of Managers a majority of the total number of Managers shall constitute a quorum for the transaction of business at any meeting of the Board of Managers, and the act of a majority of the Managers present at any meeting at which there is a quorum shall be the act of the Board of Managers, except as may be otherwise specifically provided by lawthis 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 shall be present.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Vantage Delaware Holdings, LLC)

Quorum. At all meetings any meeting of the Board of Managers Managers, a majority of the total number of Managers then in office shall constitute a quorum for the transaction of business and the act of business. Any meeting may be adjourned by a majority of the Managers present at any meeting at which there is votes cast upon the question, whether or not a quorum shall be is present, and the act of the Board of Managers, except as meeting may be otherwise specifically provided by law. 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, held as adjourned without notice other than announcement at the meeting, until a quorum shall be presentfurther notice.

Appears in 1 contract

Samples: Highschoolresponder, LLC Operating Agreement

Quorum. At all meetings any meeting of the Board of Managers Board, a majority of the total number of Managers shall constitute a quorum for the transaction of business and the act of business, provided that at least one Manager attending such meeting must be a majority of the Managers present at any meeting at which there is public director. Less than a quorum shall be the act of the Board of Managers, except as may be otherwise specifically provided by law. If a quorum shall not be present at any meeting of the Board of Managers, the Managers present thereat may adjourn the any meeting from time to time, and the meeting may be held as adjourned without notice other than announcement at the meeting, until a quorum shall be presentfurther notice.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Quorum. At all meetings of the Board of Managers a A majority of the total number of Managers Managers, present in person or by proxy, shall constitute a quorum for the transaction of business and the act of a majority of the Managers present at any meeting at which there is a quorum shall be the act of the Board of Managers, except as may be otherwise specifically provided by law. If a quorum shall not be present at any meeting of the Board of Managers. If less than a quorum of such Managers is present at a Board of Managers meeting, a majority of the Managers present thereat may adjourn the meeting from time to time, time without notice other than announcement at further notice. No Manager shall fail to attend a meeting of the meeting, until Board of Managers for purposes of defeating a quorum shall be presentor avoiding action by the Company.

Appears in 1 contract

Samples: Operating Agreement (Xethanol Corp)

Quorum. At all meetings The presence of the Board of Managers at least a majority of the total number of Managers serving on the Board shall constitute a quorum for the transaction of business and the act of a majority of the Managers present Board. At all times when the Board is conducting business at any a meeting at which there is of the Board, a quorum shall be the act of the Board of Managers, except as may must be otherwise specifically provided by lawpresent at such meeting. If a quorum shall not be present at any meeting of the Board of ManagersBoard, then the Managers present thereat at the meeting may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Shepherd's Finance, LLC)

Quorum. At all meetings of the Board of Managers Managers, a majority of the total number of Managers managers then in office shall constitute a quorum for the transaction of business business, and the act of a the majority of the Managers managers present at any meeting at which there is a quorum shall be the act of the Board of Managers, except as may be otherwise specifically provided by law. If a quorum shall not be present at any meeting of the Board of Managers, the Managers 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Primo Water Corp)

Quorum. At all meetings of the Board of Managers a majority of the total number of Managers shall constitute a quorum for the transaction of business and the act of a majority of the Managers present at any meeting at which there is a quorum shall be the act of the Board of Managers, except as may be otherwise specifically provided by this Agreement or by law. 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 shall be present.

Appears in 1 contract

Samples: Limited Liability Company Agreement (U S Energy Systems Inc)

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