Resolutions in Writing. The Board of Directors may also pass legal and binding resolutions in writing without convening a meeting of the Board of Directors, provided that all members of the Board of Directors have been previously notified in writing regarding the proposed resolution and all the members of the Board of Directors have unanimously approved the proposed resolution in writing. Resolution of the Board of Directors adopted in such manner shall be considered equally as valid as resolutions adopted at a meeting of the Board of Directors.
Appears in 3 contracts
Sources: Joint Venture Agreement (Clean Diesel Technologies Inc), Joint Venture Agreement (Clean Diesel Technologies Inc), Joint Venture Agreement (Clean Diesel Technologies Inc)