Common use of Quorums Clause in Contracts

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. At all meetings of the Board of Trustees, Directors a majority of the Trustees authorized number of directors shall be necessary and sufficient to constitute a quorum for the transaction of business, and the act vote of a majority of the majority of Trustees directors present at any meeting at which there is a quorum shall be the act of the Board of TrusteesDirectors, except as may be otherwise specifically provided by an applicable statute, rule, or regulation, by the Trust instrument Certificate of Incorporation or by these By-lawslaws (including without limitation, Article VII) . If a quorum shall not be present at any meeting of the Board of TrusteesDirectors, the Trustees directors present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present.