Action by Directors. (a) Except as set forth in Subsection (d) of this Section, any action required by this Agreement to be taken by the Directors shall require the agreement of not less than a majority of the Directors.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (World Omni Auto Receivables LLC), Limited Liability Company Agreement (World Omni Auto Receivables LLC), Limited Liability Company Agreement (World Omni Auto Leasing LLC)
Action by Directors. (a) Except as set forth in Subsection (db) of this Section, any action required by this Agreement to be taken by the Directors shall require the agreement of not less than a majority of the Directors.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (World Omni 1998-a Automobile Lease Securitization Trust), Limited Liability Company Agreement (Wodfi LLC), Limited Liability Company Agreement (Wodfi LLC)
Action by Directors. (a) Except as set forth in Subsection (d) of this Section, any action required by this Agreement to be taken by the Directors shall require the agreement approval of not less than a majority of the Directors.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (World Omni LT), Limited Liability Company Agreement (World Omni LT), Limited Liability Company Agreement (World Omni LT)
Action by Directors. (a) 4.3.1 Except as set forth in Subsection (d) of this SectionSection 7.3.2, any action required by this Agreement to be taken by the Directors shall require the agreement of not less than a majority of the Directors.
Appears in 1 contract
