Common use of NO DUTY TO RECORD DECISIONS, ETC Clause in Contracts

NO DUTY TO RECORD DECISIONS, ETC. The Member in the Member’s capacity as a member and as the Manager shall have no duty to record in writing or otherwise any decision in the Member’s capacity as a member or manager, and the Member’s failure to make any such record shall not impair the validity of any such decision.

Appears in 5 contracts

Samples: Operating Agreement (Roanoke Electric Steel Corp), Operating Agreement (Omnisource Corp), Operating Agreement (Omnisource Corp)

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NO DUTY TO RECORD DECISIONS, ETC. The Member in the Member’s capacity as a member and as the Manager shall have no duty to record in writing or otherwise any decision in the Member’s capacity as a member or managermember, and the Member’s failure to make any such record shall not impair the validity of any such decision.

Appears in 2 contracts

Samples: Operating Agreement (Roanoke Electric Steel Corp), Operating Agreement (Omnisource Corp)

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