Common use of Informal Action Clause in Contracts

Informal Action. Any action required or permitted to be taken at a meeting of the Members may be taken without a meeting if the action is evidenced by a written consent describing the action taken, signed by each Member entitled to vote. Action taken under this section is effective when all Members entitled to vote have signed the consent, unless the consent specifies a different effective date.

Appears in 4 contracts

Samples: Manager Managed Operating Agreement, Operating Agreement (Qwest Communications International Inc), Operating Agreement (Qwest Communications International Inc)

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Informal Action. Any action required or permitted to be taken at a meeting of the Class A Members may be taken without a meeting meeting, without prior notice and without a vote, if a consent in writing, setting forth the action is evidenced so taken, shall be signed by a written Majority Interest. Prompt notice of any action taken without a meeting shall be given to each Class A Member who did not consent describing the action taken, signed by each Member entitled in writing to vote. Action taken under this section is effective when all Members entitled to vote have signed the consent, unless the consent specifies a different effective datesuch action.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (U S Energy Systems Inc)

Informal Action. Any action required or permitted to be taken at a meeting of the Members may be taken without a meeting if the action is evidenced by a written consent describing the action taken, signed by each Member entitled to vote. Action taken under this section is shall be effective when all Members entitled to vote have signed the consent, unless the consent specifies a different effective date.

Appears in 2 contracts

Samples: Operating Agreement (Crown Energy Corp), Operating Agreement (Crown Energy Corp)

Informal Action. Any action required or permitted to be taken at a meeting of the Members may be taken without a meeting if the action is evidenced by a written consent describing the action taken, taken and signed by each Member entitled to voteall of the Members. Action taken under this section is 4.3is effective when all a Majority of Voting Members entitled to vote have signed the consent, unless the consent specifies a different effective date, which may be before or after the date the consent is signed.

Appears in 1 contract

Samples: A Texas Limited Liability Company Agreement

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Informal Action. Any action required or permitted to be taken at a meeting of the Members may be taken without a meeting if the action is evidenced by a written consent describing the action taken, signed by each Member entitled to vote. Action taken under this section is shall be effective when all Members entitled to vote have signed the consent, unless the consent specifies a different effective date.. #325596.v2 66

Appears in 1 contract

Samples: Operating Agreement (Crown Energy Corp)

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