Common use of Informal Action by the Board of Directors Clause in Contracts

Informal Action by the Board of Directors. Any action ----------------------------------------- required or permitted to be taken at any meeting of the Board of Directors, or of any committee thereof, may be taken without a meeting if all members of the Board or committee, as the case may be, consent thereto in writing, and the writing or writings are filed with the minutes of proceedings of the Board or committee.

Informal Action by the Board of Directors. Any action required ----------------------------------------- required or permitted to be taken at any meeting of the Board of Directors, or of any committee thereof, may be taken without a meeting if all members of the Board or committee, as the case may be, consent thereto in writing, and the writing or writings are filed with the minutes of proceedings of the Board or committee.

Informal Action by the Board of Directors. Any action ----------------------------------------- required or permitted by law to be taken at any a meeting of the Board of Directors, or any action which may be taken at a meeting of any committee thereofBoard of Directors, may be taken without a meeting if a consent in writing, setting forth the action so taken, shall be signed by two-thirds (2/3) of all of the Directors following notice of the intended action to all members of the Board or committee, as the case may be, consent thereto in writing, and the writing or writings are filed with the minutes of proceedings of the Board or committeeDirectors.