Common use of INFORMAL ACTION BY MEMBERS Clause in Contracts

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

INFORMAL ACTION BY MEMBERS. Any action required by this Agreement to be taken at a meeting by the Members pursuant to this Agreement or pursuant to the Certificate of Formation of the Members, Company or any action which may be taken at a meeting of the Members, Members may be taken without a meeting if all of the Members sign written consents that set a consent in writing, setting forth the action so taken. Such consents have , is signed by the same force and effect as owners of a unanimous vote majority in amount of the then existing Capital Account Balances of all Members at a meeting duly held. The Company is entitled to file vote with respect to the subject matter of such consents with consent, unless otherwise provided by applicable statute, this Agreement, or the minutes Certificate of Formation of the meetings of the MembersCompany.