Actions by the Member. All actions of the Member may be taken by written resolution of the Member which shall be signed on behalf of the Member by an authorized officer of the Member and filed with the records of the Company.
Actions by the Member. In exercising the voting or other approval rights provided herein or under the Act or to conduct any other business of the Company, the Member may act through meetings or by written consent or electronic transmission without a meeting. Any such written or electronic transmission consent shall be filed with the minutes of the proceedings of the Members of the Company.
Actions by the Member. Any action or approval required by the Member shall be taken by the written consent of the Member. A copy of the action taken by written consent shall be filed with the records of the Company.
Actions by the Member. The Member shall not have authority to act for or on behalf of the Company, or to bind the Company in any way, solely by virtue of being a member of the Company.
Actions by the Member. The Member may approve a matter or take any action at a meeting of members or, without a meeting, by the written consent of the members pursuant to Section 3.2(b).
Actions by the Member. (a) In managing the business and affairs of the Company and exercising its powers, the Member shall act (i) through resolutions adopted in written consent pursuant to Section 7.4; and (ii) through persons to whom authority and duties have been delegated pursuant to Section 7.5.
(b) Any Person dealing with the Company may rely on the authority of the Member in taking any action in the name of the Company without inquiry into the provisions of this Agreement or compliance herewith, regardless of whether that action actually is taken in accordance with the provisions of this Agreement.
Actions by the Member. (a) The Manager shall manage the business and affairs of the Company. The Manager shall have full, exclusive and complete discretion, power and authority, subject in all cases to the provisions of this Agreement and the requirements of applicable law, to manage, control, administer and operate the business and affairs of the Company for the purposes herein stated, to make all decisions affecting such business and affairs, to adopt such accounting rules and procedures as it deems appropriate in the conduct of the business and affairs of the Company and to do all things it deems necessary or desirable in the conduct of the business and affairs of the Company. The Manager has full power and discretion to cause the Company to borrow money, pledge, mortgage, and assign the Properties and to enter into guarantees. The Manager may appoint and delegate responsibilities to such officers and other agents as it deems appropriate in its sole discretion.
(b) The Manager shall be appointed by the Member and need not be a member of the Company. The Manager may be removed and replaced by the Member at any time with or without cause.
(c) The Manager shall be an “authorized person” as such term is used in the Act and is authorized to execute or file any document required or permitted to be filed on behalf of the Company.
Actions by the Member. Any act or consent of the Member shall be set forth in writing (which act or consent may be electronic, such as by e-mail), which writing describes the action so taken or consent given, and is signed (including an electronic signature that complies with the Uniform Electronic Transactions Act as adopted in North Carolina) by an authorized representative of the Member.
Actions by the Member. Meetings: Quorum.
(a) The Member may vote, approve a matter or take any action by the vote of the Member at a meeting, in person or by proxy, or without a meeting by written consent. Meetings of the Member may be conducted in person or by conference telephone facilities. Any action required or permitted to be taken at any meeting of the Member may be taken without a meeting if such number of Members holding at least the Common Interest Percentage required to approve such action pursuant to the terms of this Agreement or the Act consent thereto in writing, and the writing or writings are filed with the minutes of the proceedings of the Member.
(b) For any meeting of Members, the presence in person or by proxy of Members owning at least fifty and one-tenth percent (50.1%) of the outstanding Common Interests at the time of the action taken (a "Majority") constitutes a quorum for the transaction of business.
(c) The affirmative vote of a Majority of Members constitutes approval of any action.
Actions by the Member. The Member may admit additional members to the Company as it deems appropriate in its sole discretion. In the event the Member determines to admit additional members to the Company, such additional members shall be bound by this Agreement, any of the provisions of which may be amended or modified to take into account such additional members as agreed by the Member and the additional members.
