Common use of Resolutions in Writing Clause in Contracts

Resolutions in Writing. A resolution in writing signed by a simple majority vote of the Directors for the time being, which shall include at least the Investor’s nominee Director, shall be as valid and effectual as if it had been passed at a meeting of Directors duly called and constituted. Any such resolution may consist of several documents in like form, each signed by one or more of the Directors. The expressions “in writing” and “signed” include approval by wireless or facsimile transmission.

Resolutions in Writing. A resolution in writing circulated to all the Directors for the time being and signed or approved by a simple majority vote of the Directors for the time being, which shall include at least the Investor’s nominee Director, being by facsimile shall be as valid and effectual as if it had been passed at a meeting of the Directors duly called convened and constitutedheld. Any such resolution may consist of several documents in like form, each signed by one or more of the Directors. The expressions “in writing” and “signed” include approval by wireless or facsimile transmission.