Common use of Presumption of Assent Clause in Contracts

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

Appears in 9 contracts

Samples: Operating Agreement (Highwater Ethanol LLC), Operating Agreement, Member Control Agreement

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

Appears in 4 contracts

Samples: Member Control Agreement (Highwater Ethanol LLC), Member Control Agreement (Highwater Ethanol LLC), Member Control Agreement (Highwater Ethanol LLC)

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