Voting and Act of the Board. Each Manager shall have one vote. 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.
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Samples: Operating Agreement, Operating Agreement (Tennessee Valley Agri-Energy, LLC)
Voting and Act of the Board. Each Manager shall have one vote. The Unless otherwise provided in 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. There shall be no requirement that any action of the Board be approved by Managers elected or appointed by a certain class of Members.
Appears in 1 contract
Samples: Operating Agreement (Gevo, Inc.)
Voting and Act of the Board. Each Manager shall have one vote. The Except as otherwise provided herein, the Board shall take action by the affirmative vote of a majority of all of the Managers then in office (irrespective of whether all of the Managers are present at a duly held meeting at which a quorum is present). However, when an action by the Board requires a Super-majority vote, such action shall require a Super-majority vote by all of the Managers then in office (i.e., irrespective of whether all of the Manager are present at a duly held meeting at which a quorum is present).
Appears in 1 contract
