Common use of Authorizing Action Clause in Contracts

Authorizing Action. Any action to be taken by the Members under the LaLLCL or this Agreement may be taken (1) at a meeting of the Members, held on such terms and after notice required by this Agreement, or (2) by written action of the Members. No notice need be given of any action proposed to be taken by written action, or an approval given by written action, unless specifically required by the LaLLCL or this Agreement. Copies of all written actions must be kept with the records of the Company.