Common use of Action by Members Without a Meeting Clause in Contracts

Action by Members Without a Meeting. Except as expressly provided otherwise, any action required to be taken at a meeting of the Members or any other action which may be taken at a meeting of the Members, may be taken without a meeting if a consent in writing, setting forth the action so taken, is signed by Members having at least the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all Members were present and voting. Prompt notice of the taking of the action without a meeting by less than unanimous consent shall be given in writing to those Members who were entitled to vote but did not consent in writing.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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Action by Members Without a Meeting. Except as expressly provided otherwise, any Any action required or permitted to be taken at a meeting of the Members or any other action which may be taken at by the Members without a meeting if the action shall be evidenced by one or more written consents describing the action taken and signed by Members having the required vote to approve the action so taken. Written consent of the Members pursuant to this Section 8.4 shall have the same force and effect as a vote of the Members, and may be taken without a meeting if a consent stated as such in writing, setting forth the action so taken, is signed by Members having at least the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all Members were present and votingany document. Prompt notice of the taking of the any action without a meeting by less than unanimous consent of the Members shall be given to the Members who did not so consent in writing to those Members who were entitled to vote but did not consent in writingsuch action.

Appears in 3 contracts

Samples: Operating Agreement (Dune Energy Inc), Operating Agreement (Dune Energy Inc), Operating Agreement (Dune Energy Inc)

Action by Members Without a Meeting. Except as expressly provided otherwise, any Any action required to that may be taken at a any meeting of the Members or any other action which may be taken at a meeting of the Members, may be taken without a meeting if a consent in writing, setting forth the action so taken, is signed by the Member or Members having at least not less than the minimum number of votes that would be necessary to authorize or take such that action at a meeting at which all Members entitled to vote thereon were present and votingvoted. Any action taken without a meeting shall be effective when the required minimum number of votes have been received. Prompt written notice of the taking of the action without a meeting by less than unanimous consent taken shall be given in writing to those all Members who were entitled to vote but did thereon who have not consent in writingconsented to the action.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement

Action by Members Without a Meeting. Except as expressly provided otherwise, any Any action required to that may be taken at a any meeting of the Members or any other action which may be taken at a meeting of the Members, may be taken without a meeting if a consent in writing, setting forth the action so taken, is signed by Members having at least not less than the minimum number of votes that would be necessary to authorize or take such that action at a meeting at which all Members entitled to vote thereon were present and votingvoted. Any action taken without a meeting shall be effective when the required minimum number of votes have been received. Prompt notice of the taking Notice of the action without a meeting by less than unanimous consent taken shall be given in writing to those all Members who were entitled have not consented to vote but did not consent in writingthe action.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Minn Shares Inc)

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Action by Members Without a Meeting. Except as expressly provided otherwise, any Any action required to that could be taken at a meeting of the Members or any other action which may be taken at a meeting of the Members, members may be taken without a meeting if a written consent in writing, setting forth the action so taken, taken is signed by Members having at least all members entitled to vote with respect to the minimum number subject matter thereof. Such written consents may be signed in two or more counterparts, each of votes that would which shall be necessary to authorize or take deemed an original and all of which, taken together, shall constitute one and the same document. Any such action at a meeting at which all Members were present and voting. Prompt notice of the taking of the action without a meeting by less than unanimous written consent shall be given inserted in writing to those Members who the minute book as if it were entitled to vote but did not consent in writingthe minutes of a meeting of the members.

Appears in 1 contract

Samples: Lease Agreement

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