Common use of Manner of Consent Clause in Contracts

Manner of Consent. Any consent or approval required by this Agreement or any Series Designation may be given as follows: (a) by a written consent given by the consenting Member at or prior to the taking of the action for which the consent is solicited, provided that such consent shall not have been nullified by either: (i) notification to the Manager by the consenting Member at or prior to the time of, or the negative vote by such consenting Member at, any meeting held to consider the taking of such action or (ii) notification to the Manager by the consenting Member prior to the taking of any action which is not subject to approval at such meetings; (b) by the affirmative vote of the consenting Member to the taking of the action for which the consent is solicited at any meeting duly called and held to consider the taking of such action; or (c) where the Manager provides written notice to each Member and any such Member does not respond to such notice within twenty (20) calendar days of its receipt thereof.

Appears in 6 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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