Common use of Consent in lieu of Meetings Clause in Contracts

Consent in lieu of Meetings. If the Borrower proposes to take any action by written consent in lieu of a meeting of the Board of Directors, the Borrower, shall give notice thereof to Ares at the same time and in the same manner as notice is given to the members of the Board of Directors.

Appears in 4 contracts

Samples: Credit Agreement (Minerva Surgical Inc), Second Lien Credit Agreement (Teligent, Inc.), Second Lien Credit Agreement (Teligent, Inc.)

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