Common use of Written Consent in Lieu of Meeting Clause in Contracts

Written Consent in Lieu of Meeting. Any action required or permitted to be taken at any meeting of Class C Unitholders may be taken without a meeting, without prior notice and without a vote, if a consent or consents in writing, setting forth the action so taken, shall be signed by all Class C Unitholders. Every written consent shall bear the date of signature of each Class C Unitholder who signs the consent. No written consent shall be effective to take the action that is the subject to the consent unless, within 60 days after the date of the earliest dated consent delivered to the LLC in the manner required by this Section 3.2(f), a consent or consents signed by all other Class C Unitholders are delivered to the LLC by delivery to its registered office, its principal place of business or the chief executive officer in each case, in accordance with Section 15.15. Any such delivery to the LLC’s principal place of business shall be addressed to the chief executive officer. A telegram, telex, cablegram, electronic mail or similar transmission by a Class C Unitholder, or a photographic, photostatic, facsimile or similar reproduction of a writing signed by a Class C Unitholder, shall be regarded as signed by the Class C Unitholder for purposes of this Section 3.2(f).

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Emmis Communications Corp), Limited Liability Company Agreement (Emmis Communications Corp)