Common use of Action by the Board Clause in Contracts

Action by the Board. (a) A quorum of the Board shall consist of a majority of the directors, provided that such majority shall include at least one director designated by the Quadrangle Entities who is not an Independent Director and at least one director designated by the CVC Entities who is not an Independent Director, respectively, for so long as the Quadrangle Entities and CVC Entities, respectively, are entitled to designate one or more directors pursuant to Section 2.01 hereof.

Action by the Board. (a) A quorum of the Board shall consist of a majority of the total number of directors, provided that which such majority shall include at least one director designated by of the Quadrangle Entities who is not an Independent Director two non-independent designees of FP appointed pursuant to Section 2.01(a) and at least one director designated by of the two non-independent designees of the CVC Entities who is not an Independent Director, respectively, for so long as the Quadrangle Entities and CVC Entities, respectively, are entitled to designate one or more directors appointed pursuant to Section 2.01 hereof2.01(a), provided that the Institutional Shareholders together shall have the right at any time to increase the number of directors necessary to constitute such quorum.

Action by the Board. (a) A quorum of the Board shall consist of a majority of the directors, provided that such majority shall include at least one director two directors designated by the Quadrangle Entities who is not an Independent Director and at least one director two directors designated by the CVC Entities who is not an Independent Director, respectively, for so long as the Quadrangle Entities and CVC Entities, respectively, are entitled to designate one or more directors pursuant to Section 2.01 hereof.

Action by the Board. (a) A quorum of the Board shall consist of a majority of the directors, provided that such majority shall include at least one director designated by the Quadrangle Entities who is not an Independent Director and at least one director designated by the CVC Entities who is not an Independent Director, respectively, for so long as the Quadrangle Entities and CVC Entities, respectively, are entitled to designate one or more directors pursuant to Section 2.01 hereof.