Common use of Place of Meetings Clause in Contracts

Place of Meetings. Meetings of the Board shall be held at such place as may be designated for that purpose from time to time by the President. Managers of the Board may participate in a meeting of the Board by means of conference telephone or similar communications equipment permitting all persons participating in the meeting to hear each other, and participation in a meeting by such means shall constitute presence in person at such meeting. Any meeting shall be valid, wherever held, if held with the written consent of such Managers of the Board necessary to approve such action, given either before or after the meeting and filed in the Company’s records.

Appears in 46 contracts

Samples: Limited Liability Company Agreement (Honda Auto Receivables 2011-2 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2012-2 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2012-4 Owner Trust)

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Place of Meetings. Meetings of the Board shall be held at such place as may be designated for that purpose from time to time by the President. Managers of the Board may participate in a meeting of the Board by means of conference telephone or similar communications equipment permitting all persons participating in the meeting to hear each other, and participation in a meeting by such means shall constitute presence in person at such meeting. Any meeting shall be valid, wherever held, if held with the written consent of such Managers all members of the Board necessary to approve such actionBoard, given either before or after the meeting and filed in the Company’s 's records.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Toyota Auto Finance Receivables LLC)

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