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

Action by Managers Without a Meeting. Action required or permitted to be taken at a meeting of Managers may be taken without a meeting if the action is evidenced by one or more written consents describing the action taken, signed by a majority of the Managers and included in the Company minutes or records. Action taken under this Section is effective when a majority of the Managers have signed the consent, unless the consent specifies a different effective date. The record date for determining Managers entitled to take action without a meeting shall be the date the first Manager signs a written consent.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (SIGECO Securitization I, LLC), Limited Liability Company Agreement (Atmos Energy Kansas Securitization I, LLC), Limited Liability Company Agreement (CenterPoint Energy Transition Bond Co IV, LLC)

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Action by Managers Without a Meeting. Action Any action required or permitted to be taken at a meeting of Managers by the Manager may be taken without a meeting if the action is evidenced by one Manager shall consent in writing to such action. Such written consent or more written consents describing shall be filed with the action taken, signed by a majority minutes of the Managers and included in the Company minutes or records. Action taken under this Section is effective when a majority proceedings of the Managers have signed the consent, unless the consent specifies a different effective date. The record date for determining Managers entitled to take action without a meeting shall be the date the first Manager signs a written consentManager.

Appears in 5 contracts

Samples: Operating Agreement (Real Street Build-to-Rent Fund I, LLC), Operating Agreement (Brookwood Fenton Investments LLC), Operating Agreement (Brookwood Fenton Investments LLC)

Action by Managers Without a Meeting. Action required or permitted to be taken at a meeting of Managers may be taken without a meeting if the action is taken by Managers who would be entitled to vote not less than the minimum number of votes that would be necessary to authorize or take the action. The action must be evidenced by one or more written consents describing the action taken, signed by a majority of the Managers entitled to take such action and included in delivered to the Company minutes or for inclusion in its records. Action taken under this Section 3.1.5 is effective when a majority of the Managers required to approve such action have signed the consent, unless the consent specifies a different effective date. The record date for determining Managers entitled to take action without a meeting shall be the date the first Manager signs a written consent.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Renal Care Group Inc), Limited Liability Company Agreement (Renal Care Group Inc)

Action by Managers Without a Meeting. Action Any action required or permitted to be taken at a Manager’s meeting of Managers may be taken without a meeting if the action is evidenced by one or more written consents describing consents, setting forth the action so taken, shall be signed by a majority of all the Managers and included in the Company minutes or recordsManagers. Action Any such action taken under this Section is shall be effective when a majority of all consents have been delivered to the Managers have signed the consentcompany, unless the consent specifies a different later effective date. The record date for determining Managers entitled to take action without a meeting shall be the date the first Manager signs a written consent.

Appears in 2 contracts

Samples: Operating Agreement (Smart Move, Inc.), Operating Agreement (Smart Move, Inc.)

Action by Managers Without a Meeting. Action required or permitted to be taken at a meeting of Managers may be taken without a meeting if the action is evidenced by one or more written consents describing the action taken, signed by Managers sufficient to have approved the actions or resolutions at issue had a majority of duly called meeting been held at which all Managers were in attendance and delivered to the Managers and included Company for inclusion in the Company minutes or for filing with the Company records. Action taken under this Section is effective when a majority of the necessary Managers have signed the consent, unless the consent specifies a different effective date. The record date for determining Managers entitled to take action without a meeting shall be the date the first Manager signs a written consent.

Appears in 2 contracts

Samples: Operating Agreement (California Clean Air Inc), Operating Agreement (California Clean Air Inc)

Action by Managers Without a Meeting. Action required or permitted to be taken at a meeting of Managers may be taken without a meeting if the action is evidenced by one or more written consents describing the action taken, signed signed-by a majority each Manager entitled to vote and delivered to the other Managers of the Managers and included Company for inclusion in the Company minutes or for filing with the Company records. Action taken under this Section 8.8 is effective when a majority of the all Managers entitled to vote have signed the consent, unless the consent specifies a different effective date. The record date for determining Managers entitled to take action without a meeting shall be the date the first Manager signs a written consent.

Appears in 1 contract

Samples: Operating Agreement (Land O Lakes Inc)

Action by Managers Without a Meeting. Action required or permitted to be taken at a meeting of Managers may be taken without a meeting if the action is evidenced by one or more written consents describing the action taken, signed by a majority of the Managers and included in the Company minutes or records. Action taken under this Section is effective when a majority of the Managers have signed the consent, unless the consent specifies a different effective date. The record date for determining Managers entitled to take action without a meeting shall be the date the first Manager signs a written consent.consents

Appears in 1 contract

Samples: Operating Agreement (Juliana Mining Co Inc)

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Action by Managers Without a Meeting. Action required or permitted to be taken at a meeting of Managers may be taken without a meeting if the action is taken by persons who would be entitled to vote not less than the minimum number of votes that would be necessary to authorize or take the action. The action must be evidenced by one or more written consents describing the action taken, signed by a majority of the Managers entitled to take such action and included in delivered to the Company minutes or for inclusion in its records. Action taken under this Section 6.5 is effective when a majority of the Managers required to approve such action have signed the consent, unless the consent specifies a different effective date. The record date for determining Managers entitled to take action without a meeting shall be the date the first Manager signs a written consent.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Worldwide Auto Parts, Inc.)

Action by Managers Without a Meeting. Action required or permitted to be taken at a of meeting of Managers may be taken without a meeting if the action is evidenced by one or more written consents describing the action taken, signed by a majority of each Manager entitled to vote and delivered to the Managers and included Tax Matters Partner for inclusion in the Company minutes or for filing with the Company records. Action taken under this Section is effective when a majority of the all Managers entitled to vote have signed the consent, unless the consent specifies a different effective date. The record date for determining Managers entitled to take action without a meeting shall be the date the first Manager signs a written consent.

Appears in 1 contract

Samples: Operating Agreement (KFX Inc)

Action by Managers Without a Meeting. Action required or permitted to be taken at a meeting of Managers may be taken without a meeting if the action is evidenced by one or more written consents describing the action taken, signed by a majority of the Managers and included in the Company minutes or recordseach Manager entitled to vote. Action taken under this Section is effective when a majority of the all Managers entitled to vote have signed the consent, unless the consent specifies a different effective date. The record date for determining Managers entitled to take action without a meeting shall be the date the first Manager signs a written consent.

Appears in 1 contract

Samples: Operating Agreement (Raging River Capital LP)

Action by Managers Without a Meeting. Action required or permitted to be taken at a meeting of Managers may be taken without a meeting if the action is evidenced by one or more written consents describing the action taken, signed by a majority of each Manager and delivered to the Managers and included Company for inclusion in the Company minutes or for filing with the Company records. Action taken under this Section is effective when a majority of the Furthermore, any or all Managers have signed the consent, unless the consent specifies a different effective date. The record date for determining Managers entitled to take action without may participate in a meeting shall be by telephone conference or any other means of communication by which all Managers participating may simultaneously hear each other during the date the first Manager signs a written consentmeeting.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Quintel Communications Inc)

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