Common use of Actions Without a Meeting Clause in Contracts

Actions Without a Meeting. Any action which may be taken at any annual or special meeting of Members may be taken without a meeting and without prior notice if a consent in writing, setting forth the action so taken, shall be signed by Members holding in the aggregate the number of votes equal to or greater than the number of votes required to approve such action at a meeting of the Members. Notwithstanding the foregoing, unless the consents of all of the Members have been given in writing, notice of any approval of (i) an amendment to this Agreement or the Articles of Organization, (ii) a dissolution of the LLC pursuant to clause (ii) of Section 9.1 hereof or (iii) a merger of the LLC as provided in Section 17551 of the Statute shall be given at least 10 days before the consummation of any such action to each Member whose consent was not so obtained. Any Member giving a written consent may revoke the consent by a writing received by the LLC prior to the time that written consents of Members required to authorize the proposed action have been filed with the LLC. Any such revocation shall be effective upon its receipt by the LLC.

Appears in 5 contracts

Samples: Operating Agreement (Emvelco Corp.), Operating Agreement (Euroweb International Corp), Operating Agreement (Euroweb International Corp)

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Actions Without a Meeting. 7.6.1 Any action which may be taken at any annual or special meeting of Members may be taken without a meeting and without prior notice if a consent in writing, setting forth the action so taken, shall be signed by Members holding in the aggregate the number of votes equal to or greater than the Vote, unless a lesser vote is provided for by this Agreement or the Statute; provided, however, that any action which by the terms of this Agreement or by the Statute is required to be taken pursuant to a greater vote of the Members may only be taken by a written consent which has been signed by Members holding the requisite number of votes required to approve such action at a meeting of the Members. Notwithstanding the foregoing, unless votes. 7.6.2 Unless the consents of all of the Members have been given in writing, notice of any approval of (i) an amendment to this Agreement or made by the Articles of Organization, (ii) Members without a dissolution of the LLC pursuant to clause (ii) of Section 9.1 hereof or (iii) a merger of the LLC as provided in Section 17551 of the Statute meeting by less than unanimous written consent shall be given at least 10 ten (10) days before the consummation of any the action authorized by such action to each Member whose consent was not so obtainedapproval. Any Member giving a written consent may revoke the consent by a writing received by the LLC prior to the time that written consents of Members required to authorize the proposed action have been filed with the LLC. Any such Such revocation shall be is effective upon its receipt by the LLC.

Appears in 3 contracts

Samples: Operating Agreement (G&l Realty Corp), Operating Agreement (Tsecrp Inc), Operating Agreement (Kennedy Wilson Inc)

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