Common use of Decisions of the Board of Directors Clause in Contracts

Decisions of the Board of Directors. No decision of the Board of Directors shall be made except upon majority vote of all of its members at a meeting duly called with at least five (5) days notice, specifying the agenda for the meeting (which notice may be waived by any of its members, and will be deemed to have been waived if the member participates in the meeting and has been provided with an agenda for the meeting). Meetings may be held telephonically if each of the members participating can hear each of the other members. Action by the Board of Directors may also be taken and represented by a written consent.