Common use of Presumption of Assent Clause in Contracts

Presumption of Assent. A Director present at a meeting shall be presumed to have assented to action taken, unless the dissent of such Director is entered in the minutes of the meeting or unless such Director files a written dissent to such action with the other Directors before the adjournment thereof or forwards such dissent by mail to the other Directors immediately after the adjournment thereof. Such right to dissent shall not apply to a Director who voted in favor of an action.

Appears in 17 contracts

Samples: Operating Agreement (Southwest Iowa Renewable Energy, LLC), Operating Agreement (Southwest Iowa Renewable Energy, LLC), Operating Agreement (East Fork Biodiesel, LLC)

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Presumption of Assent. A Director who is present at a meeting of the board of Directors at which action on any Company matter is taken shall be presumed to have assented to the action taken, taken unless the his dissent of such Director is shall be entered in the minutes of the meeting or unless such Director files a he shall file his written dissent to from such action with the other Directors person acting as the chairman or secretary of the meeting before the adjournment thereof or forwards shall forward such dissent by mail registered post to the other Directors such person immediately after the adjournment thereofof the meeting. Such right to dissent shall not apply to a Director who voted in favor favour of an such action.

Appears in 10 contracts

Samples: Business Combination Agreement (Sports Ventures Acquisition Corp.), Agreement and Plan of Merger (CF Acquisition Corp. V), Forward Purchase Agreement (Gateway Strategic Acquisition Co.)

Presumption of Assent. A Director of the Company who is present at a meeting of the Board of Directors at which action on any Company matter is taken shall be conclusively presumed to have assented to the action taken, taken unless the such Director’s dissent of such Director is shall be entered in the minutes of the meeting or unless such Director files shall file a written dissent to such action with the other Directors person acting as the secretary of the meeting before the adjournment thereof or forwards shall forward such dissent by registered mail to the other Directors secretary of the Company immediately after the adjournment thereofof the meeting. Such right to dissent shall not apply to a Director who voted in favor of an such action.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Crestwood Equity Partners LP), Operating Agreement, Limited Liability Company Agreement (Inergy L P)

Presumption of Assent. A Director director who is present at a meeting of the Board of Directors at which action on any corporate matter is taken shall be presumed to have assented to such action taken, unless the his dissent of such Director is shall be entered in the minutes of the meeting or unless such Director files a he shall file his written dissent to such action with the other Directors person acting as secretary of the meeting before the adjournment thereof or forwards such shall forward any dissent by certified or registered mail to the other Directors Secretary immediately after the adjournment thereofof the meeting. Such right to dissent shall not apply to a Director any director who voted in favor of an such action.

Appears in 6 contracts

Samples: Stock Purchase Agreement (Chaparral Energy, Inc.), Agreement and Plan of Reorganization (United Refining Energy Corp), Agreement and Plan of Reorganization (Chaparral Energy, Inc.)

Presumption of Assent. A Director who is present at a meeting of the board of Directors at which action on any Company matter is taken shall be presumed to have assented to the action taken, taken unless the his dissent of such Director is shall be entered in the minutes of the meeting or unless such Director files a he shall file his written dissent to from such action with the other Directors person acting as the chairman or secretary of the meeting before the adjournment thereof or forwards shall forward such dissent by mail registered post to the other Directors such person immediately after the adjournment thereofof the meeting. Such right to dissent shall not apply to a Director who voted in favor favour of an such action.. 33 Directors' Interests

Appears in 4 contracts

Samples: Forward Purchase Agreement, Forward Purchase Agreement (One Madison Corp), Forward Purchase Agreement (One Madison Corp)

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Presumption of Assent. A Director present at a meeting shall be presumed to have assented to action taken, unless the dissent of such Director is entered in the minutes of the meeting or unless such Director files a written dissent to such action with the other Directors before the adjournment adjourn­ment thereof or forwards such dissent by mail to the other Directors immediately after the adjournment thereof. Such right to dissent shall not apply to a Director who voted in favor of an action.

Appears in 4 contracts

Samples: Operating Agreement (Nedak Ethanol, LLC), Operating Agreement (Nedak Ethanol, LLC), Operating Agreement (Nedak Ethanol, LLC)

Presumption of Assent. A Director present at a meeting shall be presumed to have assented to action taken, unless the dissent of such Director is entered in the minutes of the meeting or unless such Director files a written dissent to such action with the other Directors before the adjournment thereof or forwards such dissent by mail to the other Directors immediately within 72 hours after the adjournment thereofthereof by filing such dissent with the Secretary of the Company. Such right to dissent shall not apply to a Director who voted in favor of an action.

Appears in 4 contracts

Samples: Operating Agreement (Homeland Energy Solutions LLC), Operating Agreement, Operating Agreement (Homeland Energy Solutions LLC)

Presumption of Assent. A Director director who is present at a meeting of the Board of Directors at which action on any corporate matter is taken shall be presumed to have assented to the action taken, unless the his dissent of such Director is shall be entered in the minutes of the meeting or unless such Director files a he shall file his written dissent to such action with the other Directors person acting as secretary of the meeting before the adjournment thereof or forwards such dissent by mail to the other Directors immediately after the adjournment thereof. Such right to dissent shall not apply to a Director director who voted in favor of an such action.

Appears in 1 contract

Samples: Revolving Credit Agreement

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