Ordinary Resolution Clause Samples
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Ordinary Resolution. The expression Ordinary Resolution means a resolution passed at a meeting of Bondholders duly convened and held in accordance with these provisions by a majority consisting of not less than half of the votes cast at such meeting.
Ordinary Resolution. So long as a quorum is present throughout the meeting of the holders of the Shares in accordance with clause 7.2, subject to clause 7.4, a simple majority vote of those present and voting suffices to pass an ordinary resolution.
Ordinary Resolution. That the issue by the Company to ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ of
(i) L523,640 nominal of 5% Convertible Loan Stock 1999; and
(ii) Share Warranties entitling him to subscribe for up to 300,000 ordinary shares of 20p each in the Company for cash [TO BE INSERTED - BEING 80% OF THE
Ordinary Resolution. Unless the Act or these Articles otherwise provide, any action that must or may be taken or authorized by the shareholders may be taken or authorized by ordinary resolution.
Ordinary Resolution. An ordinary resolution is a resolution passed at a meeting of the Noteholders convened and held in accordance with the provisions hereof by a majority of the persons voting at such meeting upon a show of hands provided that such majority holds more than fifty per cent (50%) in nominal value of the Notes for the time being outstanding, or if a poll is demanded, then by Noteholders holding or representing by proxy Notes constituting more than fifty per cent (50%) in nominal value of the Notes for the time being outstanding.