Common use of Quorum Requirements Clause in Contracts

Quorum Requirements. The quorum requirement for: (i) A shareholder meetings is: (1) at least 50% of all issued shares; and (2) The PT Shareholders are in attendance; and (ii) A board meeting is two (2) directors, which must include at least one (1) director appointed by the PT Shareholders. All Board resolutions shall not be passed without the approval of at least one (1) director appointed by the PT Shareholders.

Quorum Requirements. The quorum requirement for: (i) A shareholder meetings is: (1) at least 50is shareholders representing % of all issued ordinary class ‘A’ shares; and (2) The PT Shareholders are in attendance; and (ii) A board meeting is two (2) directors, which must include at least one (1) director appointed by including the PT Shareholders. All Board resolutions shall not be passed without the approval of at least one (1) director appointed by the PT Shareholdersmanaging director.

Quorum Requirements. The quorum requirement for: (i) A shareholder meetings is: (1) at least 50% of all issued shares; and meeting is two (2) The PT Shareholders are in attendanceshareholders; and (ii) A board meeting is two (2) directors, which must include at least one (1) director appointed by including the PT Shareholders. All Board resolutions shall not be passed without the approval of at least one (1) director appointed by the PT Shareholdersmanaging director.