Common use of Action by Members Clause in Contracts

Action by Members. When a quorum is present at any meeting, the vote of the holders of a majority of the percentage interest of the limited liability company having voting power present in person or represented by proxy shall decide any question brought before such meeting, unless the question is one upon which by express provision of the Act or of the Certificate of Formation, a different vote is required in which case such express provision shall govern and control the decision of such question.

Appears in 2 contracts

Sources: Limited Liability Company Operating Agreement (Kollmorgen Corp), Limited Liability Company Operating Agreement (Valor Telecommunications Southwest LLC)

Action by Members. When a quorum is present at any meeting, the vote of the holders of a majority of the percentage interest of the limited liability company Units having voting power present in person or represented by proxy shall decide any question brought before such meeting, unless the question is one upon which by express provision of this Agreement, the Act Act, or of the Certificate of FormationCertificate, a different vote is required required, in which case such express provision shall govern and control the decision of such question.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Primo Water Corp)