Common use of Validity of Action Clause in Contracts

Validity of Action. Any action approved at a meeting, other than by unanimous approval of those entitled to vote, shall be valid only if the general nature of the proposal so approved was stated in the notice of meeting or in any written waiver of notice.

Appears in 15 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement (Titan Corp)

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Validity of Action. Any action approved at a meeting, other than by unanimous approval of those entitled to vote, shall will be valid only if the general nature of the proposal so approved was stated in the notice of meeting or in any written waiver of notice.

Appears in 5 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Provision Holding, Inc.), Limited Liability Company Agreement (KPMG Consulting Inc)

Validity of Action. Any action approved at a meeting, meeting other than by unanimous approval of those entitled to vote, shall be valid only if the general nature of the proposal so approved was stated in the notice of meeting or in any written waiver of notice.

Appears in 4 contracts

Samples: Operating Agreement (Claxson Interactive Group Inc), Operating Agreement (Playboy Enterprises Inc), Operating Agreement (Claxson Interactive Group Inc)

Validity of Action. Any action approved at a meeting, other than by unanimous the approval of those a Majority Interest of the Members entitled to vote, shall be valid only if the general nature of the proposal so approved was stated in the notice of meeting or in any written waiver of notice.

Appears in 3 contracts

Samples: Operating Agreement (Chosen, LLC), Operating Agreement (Chosen, LLC), Operating Agreement (Chosen, LLC)

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Validity of Action. Any action approved at a meeting, other than by unanimous approval of those entitled to voteMembers holding a Two-Thirds Interest, shall be valid only if the general nature of the proposal so approved was stated in the notice of meeting or in any written waiver of noticemeeting.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement (Helix Biomedix Inc)

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