Action By Consent of Board or Committee of Board. Except as otherwise required by Applicable Law or as otherwise specified in this Agreement, all decisions of the Board, or any committee of the Board, shall require the affirmative vote of a majority of the Directors present at a meeting at which a quorum, as described in Section 4.08 or 4.10, as applicable, is present. To the extent permitted by Applicable Law, the Directors may act without a meeting so long as a majority of the Directors on the Board or committee of the Board (or such other number of Directors as is required for such action under this Agreement) shall have executed a written consent with respect to any Director or committee of the Board action, as applicable, taken in lieu of a meeting.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Penn Virginia Resource Partners L P), Agreement and Plan of Merger (Penn Virginia GP Holdings, L.P.)
Action By Consent of Board or Committee of Board. Except as otherwise required by Applicable Law or as otherwise specified in this AgreementLaw, all decisions of the Board, or any committee of the Board, shall require the affirmative vote of a majority of the Directors present at a meeting at which a quorum, as described in Section 4.08 or 4.10, as applicable4.08, is present. To the extent permitted by Applicable Law, the Directors Board may act without a meeting so long as a majority of the Directors on the Board or committee of the Board (or such other number of Directors as is required for such action under this Agreement) shall have executed a written consent with respect to any Director Board or committee of the Board action, as applicable, taken in lieu of a meeting.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Penn Virginia Resource Partners L P), Limited Liability Company Agreement (Penn Virginia Resource Partners L P)
Action By Consent of Board or Committee of Board. Except as otherwise required by Applicable Law or as otherwise specified in this AgreementLaw, all decisions of the Board, or any committee of the Board, shall require the affirmative vote of a majority of the Directors present at a meeting at which a quorum, as described in Section 4.08 or 4.10, as applicable4.08, is present. To the extent permitted by Applicable Law, the Directors Board may act without a meeting so long as a majority of the all Directors on the Board or committee of the Board (or such other number of Directors as is required for such action under this Agreement) shall have executed a written consent with respect to any Director Board or committee of the Board action, as applicable, taken in lieu of a meeting.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Penn Virginia Resource Partners L P)
Action By Consent of Board or Committee of Board. Except as otherwise required by Applicable Law or as otherwise specified in this AgreementLaw, all decisions of the Board, or any committee of the Board, shall require the affirmative vote of a majority of the Directors present at a meeting at which a quorum, as described in Section 4.08 or 4.10, as applicable7.08, is present. To the extent permitted by Applicable Law, the Directors Board, or any committee of the Board, may act without a meeting so long as a majority of the all Directors on the Board or committee of the Board (or such other number of Directors as is required for such action under this Agreement) shall have executed a written consent with respect to any Director or committee of the Board action, as applicable, action taken in lieu of a meeting.
Appears in 1 contract
Samples: Sunoco Logistics Partners Lp