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

Written Consent in Lieu of Meeting. Any action that may be taken at any meeting of the Members may be taken without a meeting if a consent in writing, setting forth the action so taken, shall be signed by Members having not less than the minimum number of votes that would be necessary to authorize or take that action at a meeting at which all Members entitled to vote thereon were present and voted. In the event the Members are requested to consent on a matter without a meeting, each Member shall be given notice of the matter to be voted upon in the same manner as described above. In the event any Member(s) owning more than ten percent (10%) of the Shares request a meeting for the purpose of discussing or voting on the matter, the notice of a meeting shall be given in accordance with Section 5.04 and no action shall be taken until the meeting is held.