Common use of Meetings by Telephone Clause in Contracts

Meetings by Telephone. Managers, or any committee designated by the Managers, may participate in a meeting of the Managers or such committee by means of conference telephone or similar communications equipment, by means of which all individuals participating in the meeting can hear one another, and such participation in a meeting shall constitute presence in person at the meeting, except where an individual participates in the meeting solely for the express purpose of objecting to the transaction of any business on the ground that the meeting is not lawfully called or convened.

Meetings by Telephone. Managers, The Managers may permit any or any committee designated by the Managers, may all --------------------- Managers to participate in a regular or special meeting of by, or conduct the Managers or such committee by meeting through the use of, any means of conference telephone or similar communications equipment, communication by means of which all individuals Managers participating in may simultaneously hear each other during the meeting can hear one another, and such participation meeting. A Manager participating in a meeting by this means shall constitute presence be deemed to be present in person at the meeting, except where an individual participates in the meeting solely for the express purpose of objecting to the transaction of any business on the ground that the meeting is not lawfully called or convened.