Common use of A Majority in Interest Clause in Contracts

A Majority in Interest. of the Members of the Company entitled to vote at a meeting shall constitute a quorum for the transaction of business when present at such meeting either in person or by proxy, provided that for a meeting to be validly convened, at least one Representative of each of the Members must be present at such meeting. If a Representative of one or more of the Members is not present, a second meeting for which due notice has been given may be validly held to address the same matters of business in which a Majority in Interest of the Members of the Company entitled to vote at the meeting shall constitute a quorum when present at such meeting either in person or by proxy, irrespective of whether or not each Member is represented.