Common use of Action by Consent of Board Clause in Contracts

Action by Consent of Board. Except as otherwise required by Applicable Law, all decisions 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 7.08, is present. To the extent permitted by Applicable Law, the Board may act without a meeting so long as the number of Directors who would be required to take such action at a duly held meeting shall have executed a written consent with respect to any Board action taken in lieu of a meeting.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Magellan Midstream Partners Lp), Limited Liability Company Agreement (Magellan Midstream Holdings Lp), Limited Liability Company Agreement (Magellan Midstream Partners Lp)

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Action by Consent of Board. Except as otherwise required by Applicable Law, all decisions 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 7.08, is present. To the extent permitted by Applicable Law, the Board may act without a meeting so long as the number of all Directors who would be required to take such action at a duly held meeting shall have executed a written consent with respect to any Board action taken in lieu of a meeting.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Williams Energy Partners L P), Limited Liability Company Agreement (Williams Energy Partners L P), Limited Liability Company Agreement (Williams Energy Partners L P)

Action by Consent of Board. Except as otherwise required by Applicable Law, all decisions 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 7.086.8, is present. To the extent permitted by Applicable Law, the Board may act without a meeting so long as the number of all Directors who would be required to take such action at a duly held meeting shall have executed a written consent with respect to any Board action taken in lieu of a meeting.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Penn Virginia GP Holdings, L.P.), Limited Liability Company Agreement (Alliance Holdings GP, L.P.), Limited Liability Company Agreement (Alliance Holdings GP, L.P.)

Action by Consent of Board. Except as otherwise required by Applicable Law, all decisions 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 7.089.09, is present. To the extent permitted by Applicable Law, the Board may act without a meeting so long as the number of all Directors who would be required to take such action at a duly held meeting shall have executed a written consent with respect to any Board action taken in lieu of a meeting.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Oxford Resource Partners LP), Limited Liability Company Agreement (Oxford Resource Partners LP), Limited Liability Company Agreement (Oxford Resource Partners LP)

Action by Consent of Board. Except as otherwise required by Applicable Law, all decisions 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 7.087.7, is present. To the extent permitted by Applicable Law, the Board may act without a meeting so long as the number of Directors who would be required to take such action at a duly held meeting shall have executed a written consent with respect to any Board action taken in lieu of a meeting.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Regency Energy Partners LP), Limited Liability Company Agreement (Universal Compression Partners, L.P.), Limited Liability Company Agreement (Universal Compression Partners, L.P.)

Action by Consent of Board. Except as otherwise required by Applicable Law, all decisions 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 7.089.08, is present. To the extent permitted by Applicable Law, the Board may act without a meeting so long as the number of all Directors who would be required to take such action at a duly held meeting shall have executed a written consent with respect to any Board action taken in lieu of a meeting.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Quest Resource Corp), Limited Liability Company Agreement (Quest Resource Corp)

Action by Consent of Board. Except as otherwise required by Applicable Law, all decisions of the Board shall require the affirmative vote of a majority of the Directors (including at least one AIM Director) present at a meeting at which a quorum, as described in Section 7.089.09, is present. To the extent permitted by Applicable Law, the Board may act without a meeting so long as the number of all Directors who would be required to take such action at a duly held meeting shall have executed a written consent with respect to any Board action taken in lieu of a meeting.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Oxford Resource Partners LP)

Action by Consent of Board. Except as otherwise required by Applicable Law, all decisions 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 7.086.8, is present. To the extent permitted by Applicable Law, the Board may act without a meeting so long as the number of all Directors who would be required to take such action at a duly held meeting shall have executed a written consent consented in writing (which may be by electronic transmission) with respect to any Board action taken in lieu of a meeting.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Penn Virginia GP Holdings, L.P.), Limited Liability Company Agreement (Penn Virginia GP Holdings, L.P.)

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Action by Consent of Board. Except as otherwise required by Applicable Law, all decisions 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 7.087.07, is present. To the extent permitted by Applicable Law, the Board may act without a meeting so long as the number of Directors who would be required to take such action at a duly held meeting shall have executed a written consent with respect to any Board action taken in lieu of a meeting.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Magellan Midstream Holdings Lp)

Action by Consent of Board. Except as otherwise required by Applicable Law, all decisions of the Board shall require the affirmative vote of a majority of the Directors Managers present at a meeting at which a quorum, as described in Section 7.087.8, is present. To the extent permitted by Applicable Law, the Board may act without a meeting so long as the number of Directors Managers who would be required to take such action at a duly held meeting at which all Managers were present and voted shall have executed a written consent with respect to any Board action taken in lieu of a meeting.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Buckeye Partners L P)

Action by Consent of Board. Except as otherwise required by Applicable Law, all decisions 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 7.087.8, is present. To the extent permitted by Applicable Law, the Board may act without a meeting so long as the number of all Directors who would be required to take such action at a duly held meeting shall have executed a written consent with respect to any Board action taken in lieu of a meeting.

Appears in 1 contract

Samples: Limited Liability Company Agreement (K-Sea GP Holdings LP)

Action by Consent of Board. Except as otherwise required by Applicable Law, all decisions 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 7.084.3(f), is present. To the extent permitted by Applicable Law, the Board may act without a meeting so long as the number of all Directors who would be required to take such action at a duly held meeting shall have executed a written consent with respect to any Board action taken in lieu of a meeting.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Buckeye GP Holdings L.P.)

Action by Consent of Board. Except as otherwise required by Applicable Law, or pursuant to the immediately succeeding sentence, all decisions 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 7.087.07, is present. To the extent permitted by Applicable Law, the Board may act without a meeting so long as the number of the Directors who would be required to take such action at a duly held meeting at which all Directors are present and acting shall have executed a written consent with respect to any Board action taken in lieu of a meeting.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Magellan Midstream Holdings Lp)

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