PROVISIONS OF BY-LAWS. The By-Laws of the Company shall provide that (a) a majority of the Directors constituting the Board shall constitute a quorum for the transaction of any business at a meeting of the Board, and (b) the Board of Directors shall meet at least four (4) times per year.
Appears in 2 contracts
Samples: Series C Preferred Stock Purchase Agreement (Cellomics Inc), Preferred Stock and Warrant Purchase Agreement (Cellomics Inc)
PROVISIONS OF BY-LAWS. The By-Laws of the Company shall provide that (a) a majority of the Directors constituting the Board shall constitute a quorum for the transaction of any business at a meeting of the Board, and (b) the Board number of Directors shall meet at least four be no greater than seven (4) times per year7).
Appears in 2 contracts
Samples: Preferred Stock and Warrant Purchase Agreement (Telantis Venture Partners v Inc), Series a Preferred Stock and Warrant Purchase Agreement (Visalia Trust)
PROVISIONS OF BY-LAWS. The By-Laws of the Company shall provide that (a) a majority of the Directors constituting the Board shall constitute a quorum for the transaction of any business at a meeting of the Board, and (b) the Board holders of Directors shall meet at least four (4) times per yearShares which represent 15% or more of outstanding voting shares of the Company can call special meetings of stockholders.
Appears in 1 contract
Samples: Series a Preferred Stock Purchase Agreement (Softlock Com Inc)
PROVISIONS OF BY-LAWS. The By-Laws of the Company shall provide that (a) a majority of the Directors constituting the Board shall constitute a quorum for the transaction of any business at a meeting of the Board, and (b) the Board holders of Directors shall meet at least four (4) times per yearSeries B Preferred which represent 15% or more of outstanding voting shares of the Company can call special meetings of stockholders.
Appears in 1 contract
Samples: Series B Preferred Stock and Warrant Purchase Agreement (Softlock Com Inc)
