Common use of Approval or Ratification of Acts or Contracts by Members Clause in Contracts

Approval or Ratification of Acts or Contracts by Members. Any Member in its discretion may submit any act or contract for approval or ratification at any meeting of the Board, and any act or contract that shall be approved or be ratified by the Board shall be as valid and as binding upon the Company and upon all the Members as if it shall have been approved or ratified by every Member of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (DelStaff, LLC), Limited Liability Company Agreement (DelStaff, LLC)

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Approval or Ratification of Acts or Contracts by Members. Any The Member in its their discretion may submit any act or contract for approval or ratification at any annual meeting of the BoardMembers, and or at any act or contract that shall be approved or be ratified by the Board shall be as valid and as binding upon the Company and upon all special meeting of the Members as if it shall have been approved or ratified by every Member called for the purpose of the Company.considering any such act or

Appears in 1 contract

Samples: Operating Agreement

Approval or Ratification of Acts or Contracts by Members. Any The Member in its their discretion may submit any act or contract for approval or ratification at any annual meeting of the BoardMembers, or at any special meeting of the Members called for the purpose of considering any such act or contract, and any act or contract that shall will be approved or be ratified by the Board shall a Required Interest will be as valid and as binding upon the Company and upon all the Members as if it shall will have been approved or ratified by every Member of the Company.

Appears in 1 contract

Samples: Operating Agreement

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Approval or Ratification of Acts or Contracts by Members. Any Member The Board in its discretion may submit any act or contract for approval or ratification at any meeting of the BoardMembers called for the purpose of considering any such act or contract, and any act or contract that shall be approved or be ratified by a Required Interest shall, subject to the Board shall limitations set forth in Section 7.2.1, be as valid and as binding upon the Company and upon all the Members as if it shall have been approved or ratified by every Member of the Company.

Appears in 1 contract

Samples: Operating Agreement (Numerex Corp /Pa/)

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