Common use of Written Consents Clause in Contracts

Written Consents. The actions by the Members entitled to vote or consent may be taken by written consent (without a meeting and without a vote) so long as such written consent is signed by the Members holding not less than the minimum number of Voting Units that would be necessary to authorize or take such action at a meeting at which all Members entitled to vote thereon or consent thereto were present and voted. Prompt notice of the action so taken without a meeting shall be given to those Members entitled to vote or consent who have not so signed such written consent. Any action taken pursuant to such written consent of the Members shall have the same force and effect as if taken by the Members at a meeting thereof. The Company may solicit written consents via the Company’s website (or such other electronic or digital method as determined by the Manager which requires reasonable authentication) and may consist entirely of Electronic Records.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (LunaDNA, LLC), Limited Liability Company Agreement (SavvyShares LLC), Limited Liability Company Agreement (LunaDNA, LLC)

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