Common use of Circular resolution Clause in Contracts

Circular resolution. A written resolution or minutes of a decision made by the Board signed by all the Directors will be regarded as valid and effectual as if they had been passed at a duly convened Board meeting. Any such written resolution or minutes may consist of several documents (or facsimiles) in like form or in one or more counterparts, each signed by one or more of the Directors, and all counterparts taken together constitute one document.

Circular resolution. A written resolution or minutes minute of a decision made by the Board which is signed by all the Directors will be is regarded as valid and effectual as if they it had been passed at a duly convened Board meeting. Any such written resolution or minutes minute may consist of several documents (or facsimilesfacsimiles thereof) in like form or in one or more counterparts, each signed by one or more of the Directors, and all counterparts taken together constitute one document.