Common use of Quorum Requirement Clause in Contracts

Quorum Requirement. A majority of the number of directors shall constitute a quorum for the transaction of business at any Board of Directors' meeting. These provisions shall not, however, apply to the determination of a quorum for actions taken pursuant to Article 7 of this Agreement or actions taken under any other provisions of this Agreement that fix different quorum requirements.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement