Board Decisions. For all purposes of this Agreement, the phrases “approval” of or by the Board, “consent” of or by the Board, “action” of or by the Board and phrases of like import, or references to actions to be or which may be taken by “the Board,” shall mean written approval by a majority of the Managers of the Board fixed by, or in the manner provided for in, this Agreement.
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Sources: Operating Agreement (RAC Mexico Holdings II, LLC), Operating Agreement (RAC Mexico Holdings II, LLC), Operating Agreement (RAC Mexico Holdings II, LLC)
Board Decisions. For all purposes of this Agreement, the phrases “"approval” " of or by the Board, “"consent” " of or by the Board, “"action” " of or by the Board and phrases of like import, or references to actions to be or which may be taken by “"the Board,” " shall mean written approval by a majority of the Managers of the Board fixed by, or in the manner provided for in, this Agreement.
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Board Decisions. For all purposes of this Agreement, the phrases “approval” "APPROVAL" of or by the Board, “consent” "CONSENT" of or by the Board, “action” "ACTION" of or by the Board and phrases of like import, or references to actions to be or which may be taken by “the Board"THE BOARD,” " shall mean written approval by a majority of the Managers of the Board fixed by, or in the manner provided for in, this Agreement.
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