Quorum/Voting definition
Quorum/Voting. Quorum for meetings of the Board or any committee thereof will require the presence, whether in person, telephonically or in any other manner permitted by applicable law, of a majority of the directors/committee members, including at least one director/committee member appointed by Metalmark (so long as it has the right to appoint any director), provided that if quorum is not satisfied because a director/committee member appointed by Metalmark did not attend the meeting after proper notice, then five days’ prior notice shall be given for the rescheduled meeting, and quorum at such rescheduled meeting shall not require that a director/committee member appointed by Metalmark be in attendance. Board and Board committee action at a meeting at which a quorum is established shall require approval by a majority of the voting power of the directors in attendance at such meeting.
Examples of Quorum/Voting in a sentence
Quorum/Voting o During the Restricted Period, the Sellers shall be obligated to cause all shares beneficially owned by them to be present for all stockholder meetings of UPC.