Common use of Director Action Clause in Contracts

Director Action. Wherever action on the part of the Company or its Directors is contemplated in this Agreement, unless otherwise provided herein, action by a majority of the Directors shall constitute the action provided for herein.

Appears in 1 contract

Sources: Advisory and Servicing Agreement (Arizona Land Income Corp)

Director Action. Wherever Whenever action on the part of the Company Owner or its the Directors is contemplated in this Advisory Agreement, unless otherwise provided indicated herein, action by a majority of the Directors, including a majority of the Independent Directors in any case where specifically required hereunder, shall constitute the action provided for herein.

Appears in 1 contract

Sources: Advisory Agreement (Westfield America Inc)