Common use of Litigation Trust Advisory Board’s Action Without a Meeting Clause in Contracts

Litigation Trust Advisory Board’s Action Without a Meeting. Any action required or permitted to be taken by the Litigation Trust Advisory Board at a meeting may be taken without a meeting if the action is taken by unanimous written consent of the Litigation Trust Advisory Board as evidenced by one or more written consents describing the action taken, signed by all members of the Litigation Trust Advisory Board and recorded in the minutes or other transcript of proceedings of the Litigation Trust Advisory Board.