Common use of Action by Written Consents Clause in Contracts

Action by Written Consents. In lieu of holding a meeting, the Members may take action by written consents specifying the action to be taken, which consents must be delivered to the Company by Members entitled to vote, holding not less a majority of the Membership Interests held by all of the Members entitled to vote, or such greater percentage of the Membership Interests as may be otherwise required for approval in this Agreement.