Absence of a quorum Sample Clauses
The "Absence of a quorum" clause defines the procedures and consequences when the minimum number of members required to conduct official business at a meeting is not present. Typically, this clause outlines what constitutes a quorum, what actions (if any) can be taken in its absence, and may specify whether the meeting must be adjourned or rescheduled. For example, if a board meeting requires at least half the members to be present and only a few attend, the meeting cannot proceed with official decisions. This clause ensures that decisions are made only when adequate representation is present, thereby protecting the legitimacy and fairness of the organization's governance process.
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Absence of a quorum. If within 15 minutes from the time appointed for any meeting of the Noteholders a quorum is not present, the meeting shall, if convened upon the requisition of the Noteholders, be dissolved. In any other case, it shall stand adjourned to such day and time (being not less than 14 days after the adjourned meeting) and to such place as may be appointed by the Chairman and at such adjourned meeting the Noteholders present in person or by proxy and entitled to vote, whatever the principal amount of the Loan Notes held by them, shall form a quorum and shall have power to pass any Extraordinary or other resolution and to decide upon all matters which could properly have been disposed of at the meeting from which the adjournment took place.
Absence of a quorum. In the event that any meeting of the Shareholders or of the Board is frustrated by the absence of a quorum by reason of the absence of an ‘X’ Shareholder or a ‘Y’ Shareholder or one or more Directors, as the case may be, such meeting may be reconvened by the ‘X’ Shareholder or ‘Y’ Shareholder or Directors, as the case may be, who were present at such meeting at such time and place as they think fit provided that not less than 15 days’ notice of such reconvened meeting shall be given to the ‘X’ Shareholders or ‘Y’ Shareholders or the Directors, as the case may be, which notice shall contain particulars of the matters to be discussed at such meeting and the ‘X’ Shareholder or ‘Y’ Shareholder or Directors, as the case may be, present at such reconvened meeting shall be deemed a quorum provided that at least two Directors or an ‘X’ Shareholder or a ‘Y’ Shareholder, as the case may be, are present and, subject to Clause 14 (Undertakings by GEC and CITIC), shall be free to pass such resolutions as they shall think fit regarding the subject matter for which the meeting in question was convened.