Shareholders' Quorum Sample Clauses
Shareholders' Quorum. The presence in person or by proxy of the holders of a majority of the Shares of voting stock of the Company shall be necessary to constitute a quorum for the transaction of any business and except as otherwise provided herein or by statute, the affirmative action of the holders of 51% of the shares of voting stock of the Company shall be necessary for the transaction of any business.
Shareholders' Quorum. A quorum for a meeting of Shareholders shall consist of each Shareholder entitled to vote on the matters being put to the Shareholders at such meeting being present by representative or by proxy. In the event that a quorum is not obtained at any meeting, the meeting shall be adjourned and reconvened five (5) Business Days later, at the same time and in the same location, at which reconvened meeting the quorum shall be the Shareholders present provided that the Investor Shareholder is present.
Shareholders' Quorum. A quorum for a meeting of Shareholders shall be such number of Voting Shareholders as hold greater than sixty-six and two-thirds percent (66 2/3%) of the Voting Shares, present in person or by proxy. Any meeting of shareholders may be adjourned for lack of a quorum and at any such adjourned shareholders' meeting, a quorum shall comprise those shareholders (attending in person, by proxy or by conference call) representing more than 50% of all Voting Shares. Unless otherwise expressly provided herein, all decisions required by the Shareholders shall require the affirmative vote of such number of Voting Shareholders as hold greater than fifty (50%) percent of the Voting Shares, present in person or represented by proxy at such meeting, or such greater number as is required by law.
Shareholders' Quorum. A quorum for the transaction of business at the meetings of the Shareholders where notice has properly been given will be two Shareholders who hold in aggregate at least 5% of the Shares, which must include the Founder, entitled to vote at such meeting.