Action by Members Without a Meeting; Telephonic Meetings. Action required or permitted to be taken at a meeting of Members may be taken without a meeting and without notice if the action is evidenced by one or more written consents describing the action taken, signed by Members holding at least ninety percent (90%) of the outstanding Units entitled to vote and delivered to the Managers for inclusion in the minutes or for filing with the Company records. Action taken under this Section 4.11 is effective when a sufficient number of Members to take the action have signed the consent, unless the consent specifies a different effective date. The record date for determining the Members entitled to take action without a meeting shall be the date the first Member signs a written consent. Prompt notice of the taking of action without a meeting by less than unanimous written consent shall be given to those Members who have not consented to the action in writing. Members may participate in and hold a meeting by means of conference telephone or similar communications equipment by means of which all of the Members participating in the meeting can hear each other, and participation in such meeting shall constitute attendance and presence in person at such meeting, except where a Member participates in the meeting for the express purpose of objecting to the transaction of any business on the ground that the meeting is not lawfully called or convened.
Action by Members Without a Meeting; Telephonic Meetings. Action -------------------------------------------------------- required or permitted to be taken at a meeting of the Voting Members, the Nonvoting Members, or the Members as a whole, as the case may be, may be taken without a meeting and without notice if the action is taken by all of the Members entitled to vote on the acts or matters in question and is evidenced by one or more written consents describing the action taken, signed by each Member entitled to vote and delivered to the Voting Members for filing with the Company's records. Action taken under this Section 5.12 is effective when all Members entitled to vote have signed the consent, unless the consent specifies a different effective date. The record date for determining the Members entitled to take action without a meeting shall be the date the first Member signs a written consent. Members (whether Voting Members and/or Nonvoting Members) may participate in and hold a meeting by means of conference telephone or similar communications equipment by means of which all Members participating in the meeting can hear each other, and participation in such meeting shall constitute attendance and presence in person at such meeting, except where a Member participates in the meeting for the express purpose of objecting to the transaction of any business on the ground that the meeting is not lawfully called or convened.
Action by Members Without a Meeting; Telephonic Meetings. Action required or permitted to be taken at a meeting of the Voting Members, the Nonvoting Members, or the Members as a whole, as the case may be, may be taken without a meeting and without notice if the action is taken by all of the Members entitled to vote on the acts or matters in question and is evidenced by one or more written consents describing the action taken, signed by each Member entitled to vote and delivered to the Voting Members for filing with the Company's records. Action taken under this Section 5.12 is effective when all Members entitled to vote have signed the consent, unless the consent specifies a different effective date. The record date for determining the Members entitled to take action without a meeting shall be the date the first Member signs a written consent.
