Quorum/Voting definition

Quorum/Voting. Quorum for meetings of the Board or any committee thereof will require the presence, whether in person, telephonically or in any other manner permitted by applicable law, of a majority of the directors/committee members, including at least one director/committee member appointed by Metalmark (so long as it has the right to appoint any director), provided that if quorum is not satisfied because a director/committee member appointed by Metalmark did not attend the meeting after proper notice, then five days’ prior notice shall be given for the rescheduled meeting, and quorum at such rescheduled meeting shall not require that a director/committee member appointed by Metalmark be in attendance. Board and Board committee action at a meeting at which a quorum is established shall require approval by a majority of the voting power of the directors in attendance at such meeting.
Sample 1

Examples of Quorum/Voting in a sentence

  • Quorum-Voting: The member-stockholders present at any meeting of member-stockholders shall constitute a quorum for the transaction of business.

  • Quorum/Voting o During the Restricted Period, the Sellers shall be obligated to cause all shares beneficially owned by them to be present for all stockholder meetings of UPC.

Related to Quorum/Voting

  • Quorum means a majority of the Regular Trustees or, if there are only two Regular Trustees, both of them.

  • Vote ’ means one of the main segments into which a budget of a municipality is divided for the appropriation of funds for the different departments or functional areas of the municipality; and which specifies the total amount that is appropriated for the purposes of the department or functional area concerned.

  • Non-Voting Shares means a particular Class of Shares that do not carry the right to notice of or to attend or vote at general meetings of the Company or the relevant Fund.

  • special meeting of shareholders means a meeting of any particular class or classes of shareholders and a meeting of all shareholders entitled to vote at any annual meeting of shareholders at which special business is to be transacted.

  • meeting of shareholders means such annual shareholders meeting or special shareholders meeting, whether general or not, at which one or more persons are nominated for election to the board by a Nominating Shareholder;

  • Subordinate Voting Shares means the subordinate voting shares in the capital of the Corporation;

  • Multiple Voting Shares means the multiple voting shares in the capital of the Corporation;

  • Non-Voting Common Stock means the non-voting common stock, par value $0.01 per share, of the Company.

  • vote of a majority of the outstanding voting securities" shall mean the vote, at a meeting of Holders, of the lesser of (a) 67 per centum or more of the Interests in the Trust present or represented by proxy at the meeting if the Holders of more than 50 per centum of the outstanding Interests in the Trust are present or represented by proxy at the meeting, or (b) more than 50 per centum of the outstanding Interests in the Trust. The terms "Holders" and "Interests" when used herein shall have the respective meanings specified in the Declaration of Trust of the Trust.

  • Required Vote has the meaning ascribed thereto in Section 2.2(b);

  • Special Voting Share means the one share of Series B Special Voting Preferred Stock with no par value, issued by US Gold to and deposited with the Trustee, which entitles the holder of record to a number of votes at meetings of holders of US Gold Common Stock equal to the number of Exchangeable Shares outstanding from time to time that are held by Non-Affiliated Holders.

  • Special Meeting means a special meeting of the holders of Voting Shares, called by the Board of Directors for the purpose of approving a supplement or amendment to this Agreement pursuant to Subsection 5.4(b);

  • Non-Voting Member means a member of a Committee or Sub- Committee of the Council who is not a member of the Council and is not entitled to vote on any matter coming before that Committee or Sub- Committee;

  • Special Voting Unit means a special voting unit of the REIT;

  • adjourned meeting means the meeting to which a meeting is adjourned under Article 8.6 or 8.9;

  • Special Voting Units means, collectively, special voting units of the REIT, and “Special Voting Unit” means any one of them.

  • Company Voting Securities means the combined voting power of all outstanding voting securities of the Company entitled to vote generally in the election of directors to the Board.

  • Disinterested Quorum means a quorum of the Board who are not Parties to the subject Proceeding or any related Proceeding.

  • Disinterested Directors means, with respect to any Affiliate Transaction, one or more members of the Board of Directors of the Company, or one or more members of the Board of Directors of a Parent, having no material direct or indirect financial interest in or with respect to such Affiliate Transaction. A member of any such Board of Directors shall not be deemed to have such a financial interest by reason of such member’s holding Capital Stock of the Company or any Parent or any options, warrants or other rights in respect of such Capital Stock.

  • Votes means the number of votes entitled to be cast generally in the election of Directors.

  • Resolution of Directors means either:

  • Majority Vote means a vote made by more than half of the Members who are present at a Meeting and who are entitled to vote and voting at that Meeting upon a resolution put to that Meeting.