Act of the Board. The board shall take action by the affirmative vote of the holders of the greater of (i) a majority of the directors present at a duly held meeting at the time the action is taken, or (ii) a majority of the minimum proportion or number of directors that would constitute a quorum for the transaction of business at the meeting, except to the extent that the Minnesota Business Corporation Act may require a larger proportion or number.
Appears in 2 contracts
Samples: Merger Agreement (Patterson Companies, Inc.), Merger Agreement (Patterson Companies, Inc.)
Act of the Board. The board of directors shall take action by the affirmative vote of the holders of the greater of (i) a majority of the directors present at a duly held meeting at the time the action is taken, or (ii) a majority of the minimum proportion or number of directors that would constitute a quorum for the transaction of business at the meeting, except to the extent that the Minnesota Business Corporation Act may require a larger proportion or number.
Appears in 2 contracts
Samples: Merger Agreement (Allete Inc), Merger Agreement (Allete Inc)
Act of the Board. The board Board shall take action by the affirmative vote of the holders of the greater of of:
(i1) a majority of the directors governors present at a duly held meeting at the time the action is taken, or ; or
(ii2) a majority of the minimum proportion or number of directors governors that would constitute a quorum for the transaction of business at the meeting, except to the extent that where the Minnesota Business Corporation Limited Liability Company Act may require requires the affirmative vote of a larger proportion or number.
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