Common use of Presumption of Assent Clause in Contracts

Presumption of Assent. A Manager who is present at a meeting of the Board of Managers at which action on any Company matter is taken shall be presumed to have assented to the action taken unless his dissent shall be entered into the minutes of the meeting or unless he or she shall file his written dissent to such action with the person acting as the secretary of the meeting before the adjournment thereof or shall forward such dissent by registered mail to the secretary of the Company immediately after the adjournment of the meeting. Such right to dissent shall not apply to a Manager who voted in favor of any such action.

Appears in 5 contracts

Samples: Operating Agreement (Viking Energy Group, Inc.), Operating Agreement (Viking Energy Group, Inc.), Operating Agreement (Viking Energy Group, Inc.)

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Presumption of Assent. A Manager Management Team member who is present at a --------------------- meeting of the Board of Managers Management Team at which action on any Company matter is taken shall be presumed to have assented to the action taken unless his dissent shall be entered into in the minutes of the meeting or unless he or she shall file his written dissent to such action with the person acting as the secretary of the meeting before the adjournment thereof or shall forward such dissent by registered mail to the secretary secretaries of the Company MidSouth and the Practice immediately after the adjournment of the meeting. Such right to dissent shall not apply to a Manager Management Team who voted in favor of any such action.

Appears in 3 contracts

Samples: Management Services Agreement (Physician Health Corp), Management Services Agreement (Physician Health Corp), Management Services Agreement (Physician Health Corp)

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

Appears in 3 contracts

Samples: Operating Agreement (Buffalo Ridge Energy, LLC), Company Agreement (Liberty Renewable Fuels LLC), Company Agreement (Liberty Renewable Fuels LLC)

Presumption of Assent. A Manager who is present at a Board meeting of the Board of Managers at which action on any Company matter is taken shall will be presumed to have assented to the action taken unless his an abstention or dissent shall be is entered into in the minutes of the such Board meeting or unless he such Manager files a written abstention or she shall file his written dissent to such action with the person Person acting as the secretary of the such meeting before the adjournment thereof of such meeting or shall forward forwards such abstention or dissent by registered mail to the secretary of the Company immediately after the adjournment of the such meeting. Such The right to abstain or dissent shall will not apply to a Manager who voted in favor of any such action.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Presumption of Assent. A Manager of the Company who is present at a meeting of the Board of Managers at which action on any Company matter is taken shall be conclusively presumed to have assented to the action taken unless his or her dissent shall be entered into in the minutes of the meeting or unless he or she they shall file his their written dissent to such action with the person acting as the secretary of the meeting before the adjournment thereof or shall forward such dissent by registered or certified mail to the secretary of the Company immediately after the adjournment of the meeting. Such right to dissent shall not apply to a Manager who voted in favor of any such action.

Appears in 2 contracts

Samples: Acquisition Agreement (Household Direct Com Inc), Acquisition Agreement (Household Direct Com Inc)

Presumption of Assent. A Manager who is present at a meeting of ----------------------- the Board of Managers at which action on any behalf of the Company matter is taken shall be presumed to have assented to the action taken unless his or her dissent shall be is entered into the minutes of the meeting or unless he or she shall file files his or her written dissent to such action with the person acting as the secretary of the meeting before the adjournment thereof or shall forward such dissent by registered mail to the secretary Secretary of the Company immediately after the adjournment of the meeting. Such The right to dissent shall not apply to a Manager who voted in favor of any such action.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Wki Holding Co Inc)

Presumption of Assent. A Manager who is present at a meeting of the Board of Managers at which action on any Company matter is taken shall be presumed to have assented to the action taken unless his dissent shall be entered into in the minutes of the meeting or unless he or she shall file his written dissent to such action with the person Person acting as the secretary of the meeting before the adjournment thereof or shall forward deliver such dissent by registered mail to the secretary of the Company immediately promptly after the adjournment of the meeting. Such right to dissent shall not apply to a Manager who voted in favor of any such action.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Presumption of Assent. A Manager who is present at a meeting of the Board of Managers at which when Company action on any Company matter is taken shall be presumed is deemed to have assented to the action taken unless (a) the Manager objects at the beginning of the meeting, or promptly upon his dissent shall be entered into the minutes of or her arrival, to holding the meeting or unless he transacting specified business at the meeting or she (b) the Manager votes against, or abstains from, the action taken. The Secretary or any other officer performing the Secretary’s duties shall file his written dissent to such action with the person acting as the secretary maintain accurate records of all votes of the meeting before the adjournment thereof or shall forward such dissent by registered mail to the secretary Board of the Company immediately after the adjournment of the meeting. Such right to dissent shall not apply to a Manager who voted in favor of any such actionManagers.

Appears in 1 contract

Samples: Operating Agreement (RoomStore, Inc.)

Presumption of Assent. A Manager manager of the Company who is present at a meeting of the Board of Managers at which action on any matter of the Company matter is taken shall be is presumed to have assented to the action taken unless his dissent such manager votes against it or expressly abstains from voting on it. The secretary of the meeting shall be entered into record each abstention in the minutes of the meeting or unless he or she shall file his written dissent to such action with the person acting as the secretary of the meeting before the adjournment thereof or shall forward such dissent by registered mail to the secretary of the Company immediately after the adjournment of the meeting. Such right to dissent shall not apply to a Manager who voted in favor of any such action.

Appears in 1 contract

Samples: Operating Agreement (RQI Holdings, LLC)

Presumption of Assent. A Manager of the Company who is present at a meeting of the Management Board of Managers at which action on any Company corporate matter is taken shall be conclusively presumed to have assented to the action taken unless his his/her dissent shall be is entered into in the minutes of the meeting or unless he or he/she shall file his files his/her written dissent to such action with the person acting as the secretary of the meeting before the adjournment thereof of the meeting or shall forward forwards such dissent by registered mail to the secretary Secretary of the Company immediately after the adjournment of the meeting. Such right to dissent shall does not apply to a Manager who voted in favor of any such action.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Integrated Orthopedics Inc)

Presumption of Assent. A Manager Manager, or any member of a committee thereof, who is present in person, by telephone or by a general proxy at a meeting of the Board of Managers or a committee thereof at which action on any Company matter is taken shall be presumed to have assented to the action taken unless his or her dissent shall be is entered into in the minutes of the meeting or unless he files his or she shall file his her written dissent to such action with the person Person acting as the secretary of the meeting before the adjournment thereof or shall forward such dissent by registered mail to the secretary of the Company immediately after the adjournment of the meetingthereof. Such right to dissent shall not apply to a Manager or committee member who voted in favor of any such action.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Scotia Pacific Co LLC)

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Presumption of Assent. A Manager Member of the Company who is present at a meeting of the Board of Managers Members at which action on any Company matter is taken shall will be presumed to have assented to the action taken taken, unless his dissent shall be is entered into in the minutes of the meeting or unless he or she shall file files his written dissent to such the action with the person acting as Manager who is the secretary Secretary of the Company before the adjournment of the meeting before the adjournment thereof or shall forward such forwards his dissent by registered certified mail to the secretary Secretary of the Company immediately after the adjournment of the meeting. Such The right to dissent shall will not apply to a Manager Member who voted in favor of any such the action.

Appears in 1 contract

Samples: Operating Agreement (Frederick Brewing Co)

Presumption of Assent. A Manager of the Company who is present at a any meeting of the Board of Managers at which action on any Company matter is taken shall be presumed to have assented to the action taken unless his dissent shall be entered into in the minutes of the meeting or unless he or she shall file his written dissent to such action with the person acting as the secretary of the meeting before the adjournment thereof or shall forward such any dissent by certified or registered mail to the secretary of the Company immediately after the adjournment of the meeting. Such right to dissent shall not apply to a Manager who voted in favor of any such action.

Appears in 1 contract

Samples: Limited Liability Company Agreement (NationsHealth, Inc.)

Presumption of Assent. A Manager who is present at a meeting of the Board of Managers at which action on any Company matter is taken shall be presumed to have assented to the action taken unless his the dissent of such Manager shall be entered into in the minutes of the meeting or unless he or she such Manager shall file his a written dissent to such action with the person acting as the secretary of the meeting before the adjournment thereof or shall forward such dissent by registered or certified mail to the secretary of the Company immediately after the adjournment of the meeting. Such right to dissent shall not apply to a Manager who voted in favor of any such action.

Appears in 1 contract

Samples: Operating Agreement

Presumption of Assent. A Manager who is present at a meeting of the Board of Managers at which action on any Company matter is taken shall be presumed is deemed to have assented to the action taken unless his dissent shall be entered into he objects at the minutes beginning of the meeting (or promptly upon arrival) to holding, or transacting business at, the meeting, or unless he his dissent or she shall file his written dissent abstention to such action with the person acting as the secretary presiding officer of the meeting before the its adjournment thereof or shall forward such dissent by registered mail to the secretary of with the Company immediately after the adjournment of the meeting. Such The right to of dissent or abstention shall not apply to a Manager who voted in favor of any such action.

Appears in 1 contract

Samples: Operating Agreement (Spanco Industries, Inc.)

Presumption of Assent. A Manager Director of the Company who is present at a meeting of the Board of Managers Directors at which action on any Company matter is taken shall be presumed to have assented to the action taken unless his or her dissent shall be entered into in the minutes of the meeting or unless he or she shall file his or her written dissent to such action with the person acting as the secretary of the meeting before the adjournment thereof or shall forward such dissent by registered mail to the secretary of the Company immediately after the adjournment of the meeting. Such right to dissent shall not apply to a Manager who voted in favor of any such actionthereof.

Appears in 1 contract

Samples: Shareholders Agreement (Erxsys Inc)

Presumption of Assent. A Manager of the Company who is present at a any meeting of the Board of Managers at which action on any Company matter is taken shall be presumed to have assented to the action taken unless his dissent shall be entered into in the minutes of the meeting or unless he or she shall file his written dissent to such action with the person individual acting as the secretary of the meeting before the adjournment thereof or shall forward such any dissent by certified or registered mail to the secretary Secretary of the Company immediately after the adjournment of the meeting. Such right to dissent shall not apply to a Manager who voted in favor of any such action.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Lennar Corp /New/)

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

Appears in 1 contract

Samples: Member's Agreement (Bloomfield Bakers, a California Limited Partnership)

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