Common use of Quorum for Shareholder Meetings Clause in Contracts

Quorum for Shareholder Meetings. The quorum for a Shareholders’ meeting of the Company shall be an authorized representative or authorized representatives together representing Shareholders holding more than 51% of the Company’s issued share capital from time to time. If within 30 minutes of the time appointed for a Shareholders’ meeting of the Company there is no quorum, the chairman of the meeting shall adjourn the meeting to a place and time not less than three Business Days later provided that at such adjourned meeting the quorum shall be an authorized representative or authorized representatives together representing a Shareholder or Shareholders holding not less than 52% of the Company’s issued share capital from time to time.

Quorum for Shareholder Meetings. The quorum for a Shareholders’ meeting of the Company shall be an authorized representative or authorized representatives together representing Shareholders holding more than 51% of the Company’s issued share capital from time to timehaving a voting right. If within 30 minutes of the time appointed for a Shareholders’ meeting of the Company there is no quorum, the chairman of the meeting shall adjourn be adjourned to the meeting same day in the following week at the same time and place, or to a such other date, time and place and time not less than three Business Days later as the directors may appoint provided that at such adjourned meeting the quorum shall be an authorized representative or authorized representatives together representing a Shareholder member or Shareholders members holding not less more than 5251% of the Company’s issued share capital from time to timehaving a voting right, present in person or represented by proxy(ies).”

Quorum for Shareholder Meetings. The quorum for a Shareholders’ meeting of the Company shall be an authorized representative or authorized representatives together representing Shareholders the Class A Shareholder and the Class B Shareholder and together holding more than fifty one percent (51% %) of the Company’s issued share capital from time to timehaving a voting right. If within 30 thirty (30) minutes of the time appointed for a Shareholders’ meeting of the Company there is no quorum, the chairman of the meeting shall adjourn be adjourned to such date, time and place as the meeting to a place and time not less than three Business Days later Directors may appoint; provided that at such adjourned meeting the quorum shall be an authorized representative or authorized representatives together representing a Shareholder member or Shareholders members holding not less more than 52% fifty one percent (51%) of the Company’s issued share capital from time to timehaving a voting right, present in person or represented by proxy(ies).