Common use of Action by Written Consent Without a Meeting Clause in Contracts

Action by Written Consent Without a Meeting. Any action that may be taken at a meeting of Members may be taken without a meeting, if a consent in writing setting forth the action so taken, is signed and delivered to the Company within sixty (60) days of the record date for that action by Members having not less than the minimum number of votes that would be necessary to authorize or take that action at a meeting at which all Members entitled to vote on that action at a meeting were present and voted. All such consents shall be filed with the General Manager and shall be maintained in the Company records. Any Member giving a written consent, or the Member's proxy holders, may revoke the consent by a writing received by the General Manager before written consents of the number of votes required to authorize the proposed action have been filed. Unless the consents of all Members entitled to vote have been solicited in writing, notice of any Member approval without a meeting by less than unanimous written consent, shall be given at least ten (10) days before the consummation of the action authorized by such approval to those Members entitled to vote who have not consented in writing.

Action by Written Consent Without a Meeting. Any action that may be taken at a meeting of Members may be taken without a meeting, if a consent in writing setting forth the action so taken, is signed and delivered to the Company within sixty (60) days of the record date for that action by Members having not less than the minimum number of votes that would be necessary to authorize or take that action at a meeting at which all Members entitled to vote on that action at a meeting were present and voted. All such consents shall be filed with the General Manager and shall be maintained in the Company records. Any Member giving a written consent, or the Member's ’s proxy holders, may revoke the consent by a writing received by the General Manager before written consents of the number of votes required to authorize the proposed action have been filed. Unless the consents of all Members entitled to vote have been solicited in writing, notice of any Member approval without a meeting by less than unanimous written consent, shall be given at least ten (10) days before the consummation of the action authorized by such approval to those Members entitled to vote who have not consented in writing.