Common use of Action by Board of Managers Clause in Contracts

Action by Board of Managers. Except as otherwise expressly provided in this Agreement, the act of the majority of the Managers present at a meeting at which a quorum is present shall be the act of the Board of Managers. [c] Meetings of Members and the Board of Managers.

Appears in 3 contracts

Sources: Operating Agreement (Gci Inc), Operating Agreement (General Communication Inc), Reorganization Agreement (General Communication Inc)

Action by Board of Managers. Except as otherwise expressly provided in this Agreement, the act of the majority of the Managers present at a meeting at which a quorum is present shall be the act of the Board of Managers. [c] Meetings of Members and the Board of Managers.

Appears in 1 contract

Sources: Operating Agreement (General Communication Inc)