Common use of Voting and Act of the Board Clause in Contracts

Voting and Act of the Board. Each Manager has one (1) vote, without regard to the Class or Classes of Members that elected or appointed the Manager, unless otherwise provided in a Class designation. The Board shall take action by the affirmative vote of a majority of the Managers present at a duly held meeting at which a quorum is present. Provided that a quorum is present, there is no requirement that any action of the Board be approved by Managers elected or appointed by a certain Class of Members, unless otherwise provided in a Class designation.

Voting and Act of the Board. Each Manager has shall have one (1) vote, without regard to the Class or Classes class of Members that elected or appointed the Manager, unless . Unless otherwise provided in a Class designation. The this Agreement, the Board shall take action by the affirmative vote of a majority of the Managers present at a duly held meeting at which a quorum is present. Provided that a quorum is present, there is There shall be no requirement that any action of the Board be approved by Managers elected or appointed by a certain Class class of Members, unless otherwise provided in a Class designation.