Manner of Acting Clause Samples
The "Manner of Acting" clause defines the procedures or methods by which parties are required to perform their obligations under an agreement. Typically, this clause outlines standards such as acting in good faith, using reasonable efforts, or following specific protocols when carrying out contractual duties. For example, it may require that decisions be made jointly, that actions be taken promptly, or that certain approvals be obtained before proceeding. The core function of this clause is to ensure that all parties understand the expected conduct and processes, thereby reducing misunderstandings and disputes about how contractual obligations should be fulfilled.
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Manner of Acting. 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. Any action required to be taken at a meeting of the Managers may be taken without a meeting, without prior notice and without a vote, if a consent or consents in writing, setting forth the action so taken, shall be signed by the Managers having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all Managers entitled to vote thereon were present and voted with respect to the subject matter thereof.
Manner of Acting. The act of the majority of the Directors present at a meeting at which a Quorum is present shall be the act of the Board of Directors, unless the act of a greater number is required by the Agreement.
Manner of Acting. The act of the majority of the directors present at a meeting at which a quorum is present shall be the act of the directors.
Manner of Acting. Except as otherwise provided herein, under applicable law or in the Bylaws, any action to be taken or determination made by the Trustees may be taken or made by a majority of the Trustees present at a meeting of Trustees (a quorum being present), including any meeting held by means of a conference telephone circuit or similar communications equipment by means of which all persons participating in the meeting can hear each other, or by written consents of a majority of Trustees then in office. Any such action or determination may be made by reference to one or more documents or instruments or policies or procedures outside this Declaration and outside the resolutions of the Trustees. Except as set forth specifically in this Declaration, any action that may be taken by the Trustees may be taken by them in their sole discretion and without the vote or consent of Shareholders.
Manner of Acting. The act of the majority of the Managers shall be the act of the Managers unless the act of a greater number is required by law or by the Certificate of Formation or by this Agreement. Any reference in this Agreement to any action taken by the Managers shall mean the act of the majority of the Managers.
Manner of Acting. 16 Section 6.8 Bylaws.......................................................................17 Section 6.9 Principal Transactions.......................................................17 Section 6.10 Effect of Trustees' Determination............................................17
Manner of Acting. An affirmative vote of the requisite Interests (see summary in Article 7.4) shall be considered an act of the Members on such matters as they are entitled to vote. Consent transmitted by electronic transmission by a Member or Person authorized to act for a Member shall be deemed to have been written and signed by the Member, regardless of whether they appeared at a meeting.
Manner of Acting. If quorum is present at any meeting, the vote or written consent of Members holding not less than a majority of Membership Interests shall be the act if the Members, unless the vote of a greater or lesser proportion or number is otherwise required by the New York Act, the Articles of Organization or this Amended and Restated Agreement.
Manner of Acting. Except as otherwise provided herein, in the By-Laws, in the 1940 Act or in any other applicable provision of law, any action to be taken by the Directors may be taken in the manner set forth in Section 2.5 hereof.
Manner of Acting. If a quorum is present, the affirmative vote of Members holding at least a Majority In Interest and entitled to vote on the subject matter shall be the act of the Members, unless the vote of a greater or lesser proportion or number is otherwise required by the Act, by the Articles of Organization, or by this Agreement.