Common use of Action by Managers Clause in Contracts

Action by Managers. Any action required or permitted to be taken by the Managers may be taken without a meeting if the action is evidenced by one or more written consents describing the action taken, signed by all Managers, and included in the minutes of the Company.

Appears in 6 contracts

Sources: Limited Liability Company Agreement (Vector Tobacco Inc.), Limited Liability Company Agreement (Liggett Group LLC), Limited Liability Company Agreement (Accommodations Acquisition Corp)