Quorums Clause Samples
A quorum clause defines the minimum number of members or participants required to be present for a meeting or decision-making process to be valid. Typically, this clause specifies a percentage or fixed number of attendees needed before official business can be conducted, such as board meetings or shareholder votes. By establishing this threshold, the clause ensures that decisions are made with sufficient representation, preventing a small, unrepresentative group from making binding decisions on behalf of the whole.
Quorums. At any meeting held for the purpose of electing directors, the presence in person or by proxy of the holders of a majority of the aggregate number of shares of the Series B Preferred Stock then outstanding (on an as-if-converted to Common Stock basis), the Series A Preferred Stock and the Common Stock then outstanding shall constitute a quorum for the election of the Directors.
Quorums. At all meetings of the Board of Trustees, a majority of the Trustees shall be necessary and sufficient to constitute a quorum for the transaction of business, and the act of the majority of Trustees present at any meeting at which there is a quorum shall be the act of the Board of Trustees, except as may be otherwise specifically provided by an applicable statute, rule, or regulation, by the Trust instrument or by these By-laws. If a quorum shall not be present at any meeting of the Board of Trustees, the Trustees present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present.
Quorums. The holders of a majority of outstanding Shares, entitled to vote at such a meeting, present in person or by proxy shall constitute a quorum at any meeting of Shareholders.
Quorums. (a) The holders of a majority of the stock issued and outstanding and entitled to vote thereat, present in person or represented by proxy, shall constitute a quorum at all meetings of the Stockholders for the transaction of business except as otherwise provided by the Delaware General Corporation Law ("Delaware Law") or by the Certificate of Incorporation. Unless these By-Laws otherwise require, when a meeting is adjourned to another time or place, whether or not a quorum is present, notice need not be given of the adjourned meeting if the time and place thereof are announced at the meeting at which the adjournment is taken. At the adjourned meeting, the Corporation may transact any business which might have been transacted at the original meeting. If the adjournment is for more than thirty days, or if after the adjournment a new record date is fixed for the adjourned meeting, a notice of the adjourned meeting shall be given to each Stockholder of record entitled to vote at the meeting. When a quorum is once present it is not broken by the subsequent withdrawal of any Stockholder.
(b) When a quorum is present at any meeting, the vote of the holders of a majority of the stock having voting power present in person or represented by proxy shall decide any question brought before such meeting, unless the question is one on which, by express provision of Delaware Law or of the Certificate of Incorporation, a different vote is required, in which case such express provision shall govern and control the decision of such question.
Quorums. A majority of the Participants entitled to vote at such meeting present in person (including participation by conference telephone or similar communications equipment by means of which all Persons participating in the meeting can hear each other) or by proxy shall constitute a quorum at any annual or special meeting.
Quorums. Presence of a majority of the authorized number of directors shall constitute a quorum for the transaction of business, except to adjourn as provided in Section 12 of this Article II. Members of the Board may participate in a meeting through use of conference telephone or similar communications equipment, so long as all members participating in such meeting can hear one another. Participation in a meeting as permitted by the preceding sentence constitutes presence in person at such meeting . Every act or decision done or made by a majority of the directors present at a meeting duly held at which a quorum was present shall be regarded as the act of the Board of Directors, unless a greater number is required by law or the Articles of Incorporation. A meeting at which a quorum is initially present may continue to transact business notwithstanding the withdrawal of directors, if any action taken is approved by at least a majority of the required quorum for that meeting.
Quorums. A quorum of the Charnwood Promotions Board is established when the greater of five members or 50% of the total membership is present, provided that at least one representative of both Leicester Shire Promotions and Charnwood Borough Council is present. If a quorum is not established within 30 minutes of the scheduled meeting start-time, the meeting must be postponed. Meetings of the Charnwood Promotions Forum shall be deemed to be quorate if the members of the Charnwood Promotions Board who are at the meeting consider that there are sufficient members of the Forum present for the meeting to continue.
Quorums. Quorums of participatory governance committees, subcommittees, and other workgroups that address academic and professional matters on behalf of the Academic Senate will be consistent with the Academic Senate quorums, as stated in the Academic Senate By-Laws. A quorum is 50 % plus one of the voting faculty members.
Quorums. (a) Pursuant to Article 2415, Par. 3, of the Italian Civil Code and the Italian Legislative Decree no. 58 of 24th February, 1998 (as amended from time to time), a Noteholders’ Meeting shall be validly held if: (i) in the case of First Call there are one or more Persons present holding Notes, Voting Certificates or Block Voting Instructions or being proxies and holding or representing in aggregate at least one half of the principal amount of the Notes for the time being outstanding; (ii) in case of Second Call there are one or more Persons present holding Notes, Voting Certificates or Block Voting Instructions or being proxies and holding or representing in aggregate more than one third of the principal amount of the Notes for the time being outstanding; (iii) in case of Third Call there are one or more Persons present holding Notes, Voting Certificates or Block Voting Instructions or being proxies and holding or representing in aggregate at least one fifth of the principal amount of the Notes for the time being outstanding, provided that in relation to a meeting held to consider a Reserved Matter (as defined below), the necessary quorum shall always be at least one half of the aggregate principal amount of the Notes for the time being outstanding.
(b) The majority required to pass a resolution of the Noteholders’ Meeting shall be one or more Persons present holding Notes, Voting Certificates or Block Voting Instructions or being proxies, which hold or represent (aa) for voting on any matter other than a Reserved Matter, at least two thirds of the principal amount of the Notes represented at the relevant meeting and (bb) for voting on a Reserved Matter, at least one half of the aggregate principal amount of the Notes for the time being outstanding.
Quorums. From the date hereof and until the Termination Date (as defined in Section 8), each Stockholder that is a holder of record of voting securities of the Company shall be present, and each Stockholder that is a beneficial owner of voting securities of the Company shall cause the holder of record to be present, in person or by proxy, at all meetings of stockholders of the Company so that all voting securities of the Company owned of record or beneficially by each Stockholder may be counted for the purpose of determining the presence of a quorum at such meetings.