Common use of Board Action without a Meeting Clause in Contracts

Board Action without a Meeting. Any action required or permitted to be taken by the Board of Managers may be taken without a meeting, without prior notice and without a vote, if a majority of the Managers consent in writing or by electronic transmission to the adoption of a resolution authorizing the action. The resolutions, written consents or electronic transmissions of the members of the Board of Managers shall be filed with the minutes of the proceedings of the Board of Managers.

Board Action without a Meeting. Any action required or permitted to be taken by the Board of Managers may be taken without a meeting, without prior notice and without a vote, meeting if a majority the members of the Managers Board that would constitute a quorum pursuant to Section 5 consent in writing or by electronic transmission to the adoption of a resolution authorizing the action. The resolutions, written consents or electronic transmissions of the members of the Board of Managers shall be filed with the minutes of the proceedings proceeding of the Board of ManagersBoard. Such filing shall be in paper form if the minutes are maintained in paper form and shall be in electronic form if the minutes are maintained in electronic form.

Board Action without a Meeting. Any action required or permitted to be taken by the Board of Managers Directors may be taken without a meeting, without prior notice and without a vote, meeting if a majority all of the Managers members of the Board of Directors consent in writing or by electronic transmission to the adoption of a resolution authorizing the action. The resolutions, written consents or electronic transmissions of the members of the Board of Managers Directors shall be filed with the minutes of the proceedings proceeding of the Board of ManagersDirectors. Such filing shall be in paper form if the minutes are maintained in paper form and shall be in electronic form if the minutes are maintained in electronic form.

Board Action without a Meeting. Any An action required or permitted to be taken by the at a Board of Managers meeting may be taken without a meetingmeeting by written consent signed by the number of Managers that would be required to take the same action at a Board meeting at which all Managers were present. Furthermore, without prior notice and without a vote, if a majority of the Managers consent an action taken in writing or may be signed and/or delivered by means of electronic transmission to transmission. Any written consent is effective when signed by the adoption of a resolution authorizing the action. The resolutions, written consents or electronic transmissions of the members of the Board of Managers shall be filed with the minutes of the proceedings of the Board required number of Managers, unless a different effective time is provided in the written consent.