Common use of A Majority Clause in Contracts

A Majority. In-Interest of the Members (or Class) represented in person or by proxy, shall constitute a quorum at any meeting of Members (or such Class). If a quorum is present, the affirmative vote of a Majority-In-Interest of the Members (or Class) so present shall be the act of the Members (or Class), unless the vote of a greater or lesser proportion or number is otherwise required by the Act, by the Articles, or by this Agreement. Unless otherwise expressly provided herein or required under applicable law, Members who have an interest (economic or otherwise) in the outcome of any particular matter upon which the Members vote or consent may vote upon any such matter and their Units shall be counted in the determination of whether the requisite matter was approved by the Members.

A Majority. In-Interest of the Members (or Class) represented in person or by proxy, shall constitute a quorum at any meeting of Members (or such Class)Members. If a quorum is present, the affirmative vote of a Majority-In-Interest of the Members (or Class) so present shall be the act of the Members (or Class)Members, unless the vote of a greater or lesser proportion or number is otherwise required by the Act, by the Articles, or by this Agreement. Unless otherwise expressly provided herein or required under applicable law, Members who have an interest (economic or otherwise) in the outcome of any particular matter upon which the Members vote or consent may vote upon any such matter and their Units shall be counted in the determination of whether the requisite matter was approved by the Members.