Common use of INFORMAL ACTION BY MEMBERS Clause in Contracts

INFORMAL ACTION BY MEMBERS. Any action that may be taken by Members at a meeting of Members may be taken without a meeting without prior notice and without a vote if consent in writing setting forth the action to be taken is signed by the Members holding not less than the minimum percentage of Units that would be necessary to authorize or take such action at a meeting at which all the Members were present and voted, with prompt written notice thereof delivered to all Members. Written consent by the Members has the same force and effect as a vote of such Members held at a duly held meeting of the Members and may be stated as such in any document.

Appears in 16 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (NB Crossroads Private Markets Fund IV Holdings LLC), Limited Liability Company Agreement (NB Crossroads Private Markets Fund IV (TI) - Client LLC)

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INFORMAL ACTION BY MEMBERS. Any action that may required to be taken by Members at a meeting of Members the Members, or any other action which may be taken at a meeting of the Members, may be taken without a meeting meeting, without prior notice and without a vote vote, if a consent in writing writing, setting forth the action to so taken, shall be taken is signed by the Members holding holders of Membership Units having not less than the minimum percentage number of Units votes that would be necessary to authorize or take such action at a meeting at which all the Members Membership Units entitled to vote thereon were present and voted, with prompt written notice thereof delivered to all Members. Written consent by the Members has the same force and effect as a vote of such Members held at a duly held meeting of the Members and may be stated as such in any document.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Nalco Energy Services Equatorial Guinea LLC), Limited Liability Company Agreement (Nalco Energy Services Equatorial Guinea LLC), Limited Liability Company Agreement (Nalco Energy Services Equatorial Guinea LLC)

INFORMAL ACTION BY MEMBERS. Any action that may required or permitted by law or the Certificate of Organization or this Operating Agreement to be taken by Members at a meeting of Members Members, may be taken without a meeting without prior notice and without if a vote if consent in writing setting forth the action to so taken shall be taken is signed by the Members holding not less than the minimum percentage of Units that would be necessary to authorize or take such action at a meeting at which all the Members were present and voted, with prompt written notice thereof delivered to all Members. Written consent by the Members has the same force and effect as a vote of such Members held at a duly held meeting of the Members and may be stated as such in any documententitled to vote thereon.

Appears in 2 contracts

Samples: Operating Agreement (FanSided Inc.), Operating Agreement (FanSided Inc.)

INFORMAL ACTION BY MEMBERS. Any action that may required or permitted to be taken by Members at a meeting of the Members may be taken without a meeting without prior notice and without a vote if consent in writing the action is evidenced by one or more written consents, setting forth the action to be taken is so taken, signed by the Members holding not less than the minimum percentage an aggregate amount of Units that would be necessary Membership Interests sufficient to authorize or take have approved such action at a meeting at which all the Members were present and voted, with prompt written notice thereof delivered to all of Members. Written Such consent by the Members has shall have the same force and effect as a vote of such Members held at a duly held meeting of the Members Members, and may be stated as such in any document. Action taken under this Section shall be effective when all Members have signed the consent, unless the consent specifies a different effective date.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement (Magellan Petroleum Corp /De/)

INFORMAL ACTION BY MEMBERS. Any action that may required to be taken by Members at a meeting of the Members may be taken without a meeting without prior notice and without of the Members Committee, if a vote if consent in writing setting forth the action to so taken shall be taken is signed executed by the Members holding not less than and filed with the minimum percentage of Units that would be necessary to authorize or take such action at a meeting at which all the Members were present and voted, with prompt written notice thereof delivered to all Members. Written consent by the Members has the same force and effect as a vote of such Members held at a duly held meeting of the Members and may be stated as such in any documentCompany.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Land O Lakes Inc), Limited Liability Company Agreement (Land O Lakes Inc)

INFORMAL ACTION BY MEMBERS. Any action that which may be taken by Members at a meeting of the Members may be taken without a meeting without prior notice and without meeting, if a vote if consent in writing writing, setting forth the action to so taken, shall be taken is signed by the Members holding not less than the minimum percentage of Units that would be necessary to authorize or take such action at a meeting at which all the Members were present and voted, with prompt written notice thereof delivered to all Members. Written consent by the Members has the same force and effect as a vote of such Members held at a duly held meeting both of the Members and may be stated as such in any documentMembers.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Inland Real Estate Corp), Limited Liability Company Agreement (Inland Real Estate Corp)

INFORMAL ACTION BY MEMBERS. Any action that may be taken by Members at a meeting of Members may be taken without a meeting without prior notice and without a vote if consent in writing setting forth the action to be taken is signed by the Members holding not less than the minimum percentage of Units Shares and/or Preferred Interests that would be necessary to authorize or take such action at a meeting at which all the Members were present and voted, with prompt ; provided that all Members receive at least twenty (20) days notice of any action proposed to be taken by written consent. Members may waive this notice thereof delivered to all Membersrequirement. Written consent by the Members has the same force and effect as a vote of such Members held at a duly held meeting of the Members and may be stated as such in any document.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Fortress Pinnacle Investment Fund LLC)

INFORMAL ACTION BY MEMBERS. Any action that may required to be taken by Members at a meeting of Members the Members, or any other action which may be taken at a meeting of the Members, may be taken without a meeting meeting, without prior notice and without a vote if a consent in writing writing, setting forth the action to so taken, shall be taken is signed by the those Members holding not less than the minimum percentage of Units that would be necessary to authorize or take approve such action at a meeting of the Members at which all the Members were present and voted, with prompt written notice thereof a quorum was present. Notice of any such action shall be delivered to all Members. Written consent by the Members has the same force and effect as a vote of such Members held at a duly held meeting of the Members and may be stated promptly as such in any documentpracticable.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Total System Services Inc)

INFORMAL ACTION BY MEMBERS. Any action that may required or permitted by law or the Articles of Organization or this Operating Agreement to be taken by Members at a meeting of Members Members, may be taken without a meeting without prior notice and without if a vote if consent in writing setting forth the action to so taken shall be taken is signed by the Members holding not less than the minimum percentage of Units that would be necessary to authorize or take such action at a meeting at which all the Members were present and voted, with prompt written notice thereof delivered to all Members. Written consent by the Members has the same force and effect as a vote of such Members held at a duly held meeting of the Members and may be stated as such in any documententitled to vote thereon.

Appears in 1 contract

Samples: Operating Agreement (FanSided Inc.)

INFORMAL ACTION BY MEMBERS. Any action that may be taken by Members at a meeting of Members may be taken without a meeting without prior notice and without a vote if consent in writing setting forth the action to be taken is signed by the Members holding not less than the minimum percentage of Units Shares that would be necessary to authorize or take such action at a meeting at which all the Members were present and voted, with prompt written notice thereof delivered to all Members. Written consent by the Members has the same force and effect as a vote of such Members held at a duly held meeting of the Members and may be stated as such in any document.

Appears in 1 contract

Samples: Limited Liability Company Agreement (NB Crossroads Private Markets Access Fund LLC)

INFORMAL ACTION BY MEMBERS. Any action that may required or permitted to be taken by Members at a meeting of Members may be taken without a meeting without prior notice and without if there is filed with the records of Members’ meetings a vote if unanimous written consent in writing setting that sets forth the action to be taken and is signed by each Member entitled to vote on the Members holding not less than the minimum percentage of Units that would be necessary to authorize or take such action at a meeting at which all the Members were present and voted, with prompt written notice thereof delivered to all Members. Written consent by the Members has the same force and effect as a vote of such Members held at a duly held meeting of the Members and may be stated as such in any documentmatter.

Appears in 1 contract

Samples: Operating Agreement (Constellation Energy Resources LLC)

INFORMAL ACTION BY MEMBERS. Any action that may required or permitted to be taken by Members at a any meeting of Members may be taken without a meeting without prior notice and without meeting, if a vote if consent in writing writing, setting forth the action to be taken such action, is signed by the Members holding not less than entitled to cast at least a majority of the minimum percentage votes or such larger number of Units that would be necessary to authorize or take such action at a meeting at which all the Members were present and voted, with prompt written notice thereof delivered to all Members. Written consent votes required by the Members has Articles of Organization or Operating Agreement to pass the same force resolution contained in the consent, and effect as a vote of such Members held at a duly held meeting consent is filed with the records of the Members and may be stated as such in any documentCompany.

Appears in 1 contract

Samples: Operating Agreement (Ist, Corp)

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INFORMAL ACTION BY MEMBERS. Any action that may required to be taken by Members at a meeting of Members the Members, or any other action which may be taken at a meeting of the Members, may be taken without a meeting meeting, without prior notice and without a vote vote, if a consent in writing writing, setting forth the action to so taken, shall be taken is signed by the Members holding holders of Membership Shares having not less than the minimum percentage number of Units votes that would be necessary to authorize or take such action at a meeting at which all the Members Membership Shares entitled to vote thereon were present and voted, with prompt written notice thereof delivered to all Members. Written consent by the Members has the same force and effect as a vote of such Members held at a duly held meeting of the Members and may be stated as such in any document.

Appears in 1 contract

Samples: Limited Liability Company (Lind-Waldock Securities, LLC)

INFORMAL ACTION BY MEMBERS. Any action that may required or permitted to be taken by Members at a meeting of the Members may be taken without a meeting without prior notice and without if a vote if consent in writing (which may be in counterparts) setting forth the action to so taken shall be taken is signed by the Members holding having not less than the minimum percentage number of Units votes that would be necessary to authorize or take such action at a meeting at which all the Members interests entitled to vote thereon were present and voted, ; provided that each Member shall have been provided with prompt written notice thereof delivered to all Members. Written consent by the Members has the same force and effect as a vote of such Members held at a duly held meeting copy of the Members action to be taken and may the consent before the action is to be stated as such in any documenttaken with a reasonable opportunity to sign it.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Energysouth Inc)

INFORMAL ACTION BY MEMBERS. Any action that may be taken by Members at a meeting of Members may be taken without a meeting without prior notice and without a vote if consent in writing setting forth the action to be taken is signed by the Members holding not less than the minimum percentage of Units Shares and/or Preferred Interests that would be necessary to authorize or take such action at a meeting at which all the Members were present and voted, with prompt voted provided that all Members receive at least twenty (20) days notice of any action proposed to be taken by written consent. Members may waive this notice thereof delivered to all Membersrequirement. Written consent by the Members has the same force and effect as a vote of such Members held at a duly held meeting of the Members and may be stated as such in any document.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Fortress Brookdale Investment Fund LLC)

INFORMAL ACTION BY MEMBERS. Any action that may required to be taken by Members at a meeting of Members the Members, or any other action which may be taken at a meeting of the Members; may be taken without a meeting meeting, without prior notice and without a vote vote, if a consent in writing writing, setting forth the action to so taken, shall be taken is signed by the Members holding holders of Membership Units having not less than the minimum percentage number of Units votes that would be necessary to authorize or take such action at a meeting at which all the Members Membership Units entitled to vote thereon were present and voted, with prompt written notice thereof delivered to all Members. Written consent by the Members has the same force and effect as a vote of such Members held at a duly held meeting of the Members and may be stated as such in any document.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Nalco Energy Services Equatorial Guinea LLC)

INFORMAL ACTION BY MEMBERS. Any action that may required to be taken by Members at a meeting of Members the Members, or any other action which may be taken at a meeting of the Members, may be taken without a meeting meeting, without prior notice and without a vote vote, if a consent in writing writing, setting forth the action to so taken, shall be taken is signed by the those Members holding not less than the minimum percentage of Units that would be necessary to authorize or take approve such action at a meeting of the Members at which all the Members were present and voted, with prompt written notice thereof a quorum was present. Notice of any such action shall be delivered to all Members. Written consent by the Members has the same force and effect as a vote of such Members held at a duly held meeting of the Members and may be stated promptly as such in any documentpracticable.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Fifth Third Bancorp)

INFORMAL ACTION BY MEMBERS. Any action that may required or permitted to be taken by Members at a meeting of the Members may be taken without a meeting without prior notice and without a vote if consent in writing setting forth the action to be is proven by one or more written permissions, deferring the action taken is in such a way, signed by the Members holding not less than the minimum percentage who have a total amount of Units that would be necessary membership interests sufficient to authorize or take have such action approved at a meeting at which all the Members were present and voted, with prompt written notice thereof delivered to all Membersof members. Written consent by the Members has Such permission shall have the same force and effect as a vote of such Members held at a duly held meeting of the Members Members, and may be stated as such in any document.. Action taken under this Section will be effective when all members have signed the permission unless the permission specifies a different effective date. 7.12

Appears in 1 contract

Samples: Operating Agreement

INFORMAL ACTION BY MEMBERS. Any action that may required by the Act or this Operating Agreement to be taken by Members at a meeting of Members the Members, or any other action which may be taken at a meeting of all of the Members, may be taken without such a meeting without prior notice and without with the written consent of the Members entitled to vote thereon necessary to carry out such actions if a vote if consent in writing meeting were held, setting forth the action to be taken is signed by the Members holding not less than the minimum percentage of Units that would be necessary to authorize or take such action at a meeting at which all the Members were present and voted, with prompt written notice thereof delivered to all Members. Written consent by the Members has the same force and effect as a vote of such Members held at a duly held meeting of the Members and may be stated as such in any documentso taken.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (M Wave Inc)

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