Common use of Action by Written Consent Without a Meeting Clause in Contracts

Action by Written Consent Without a Meeting. Any action that may be taken at a meeting of Members may be taken without a meeting if a consent in writing setting forth the action so taken is signed and delivered to the Company within sixty (60) days of the record date for that action by Members having not less than the minimum number of votes that would be necessary to authorize or take that action at a meeting at which all Members entitled to vote on that action at a meeting were present and voted. All such consents will be filed with the Manager or the secretary, if any, of the Company and will be maintained in the Company records. Any Member giving a written consent, or the Member’s proxy holders may revoke the consent by a writing received by the Manager or secretary, if any, of the Company before written consents of the number of Units required to authorize the proposed action have been filed.