Common use of Consent of Shareholders Clause in Contracts

Consent of Shareholders. Each Shareholder hereby expressly consents and agrees that, whenever in this Agreement it is specified that an action may be taken without the consent of Shareholders or upon the affirmative vote or consent of less than all of the Shareholders, such action may be so taken without the consent of Shareholders or upon the concurrence of less than all of the Shareholders and each Shareholder shall be bound by the results of such action.

Appears in 13 contracts

Samples: Limited Liability Company Agreement (Travelcenters of America LLC), Limited Liability Company Agreement (Travelcenters of America LLC), Limited Liability Company Agreement (Travelcenters of America LLC)

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Consent of Shareholders. Each Shareholder hereby expressly consents and agrees that, whenever in this Agreement OPERATING AGREEMENT it is specified that an action may be taken without the consent of Shareholders or upon the affirmative vote or consent of less than all of the Shareholders, such action may be so taken without the consent of Shareholders or upon the concurrence of less than all of the Shareholders and each Shareholder shall be bound by the results of such action.

Appears in 9 contracts

Samples: Operating Agreement (Strategic Hotel Ventures, LLC), Operating Agreement (Century West Multifamily Income Reit, LLC), Operating Agreement (Anabasis Real Estate Investment Trust, LLC)

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Consent of Shareholders. Each Shareholder hereby expressly consents and agrees that, whenever Whenever in this Agreement it is specified that an action may be taken without by the consent Board of Shareholders Directors or upon the affirmative vote or consent of less than all of the Shareholders, such action may be so taken without by the consent Board of Shareholders Directors or upon the concurrence of less than all of the Shareholders Shareholders, and each Shareholder shall be bound by the results of such action and deemed to consent to such action.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Global Indemnity Group, LLC)

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