Common use of Informal Action by Managers Clause in Contracts

Informal Action by Managers. Any action required by this Agreement to be taken at a meeting of the Board of Managers, or any action which may be taken at a meeting of the Board of Managers, may be taken without a meeting if all of the Managers sign written consents that set forth the action so taken. Such consents have the same force and effect as a unanimous vote of the Managers at a meeting duly held. The Company is to file such consents with the minutes of the meetings of the Board of Managers.

Informal Action by Managers. Any action required by this Agreement or permitted to be taken at a any meeting of the Board of Managers, or of any action which may be taken at a meeting of the Board of Managerscommittee thereof, may be taken without a meeting if all members of the Board of Managers sign or such committee, as the case may be, consent thereto in writing (which may be in counterparts), and the written consent or consents that set forth the action so taken. Such consents have the same force and effect as a unanimous vote of the Managers at a meeting duly held. The Company is to file such consents are filed with the minutes of the meetings proceedings of the Board of ManagersManagers or such committee.

Informal Action by Managers. Any action required by this Agreement or permitted to be taken at a any meeting of the Board of Managers, Managers or of any action which may be taken at a meeting of the Board of Managers, committee thereof may be taken without a meeting meeting, if all a written consent to such action is signed by a majority of the Managers sign written consents that set forth the action so taken. Such consents have the same force and effect as a unanimous vote members of the Managers at a meeting duly held. The Company Board or of such committee, as that case may be, and such written consent is to file such consents filed with the minutes of the meetings or proceedings of the Board of Managersor committee.