Common use of Action and Quorum Clause in Contracts

Action and Quorum. In all matters pertaining to the affairs of the Trust, the Directors shall act by a vote of a majority of the number of Directors then in office, which such majority shall constitute a quorum of the Directors for the transaction of business, except to adjourn as provided in Section 5.3(f).

Appears in 9 contracts

Sources: Settlement Agreement, Settlement Agreement, Settlement Agreement

Action and Quorum. In all matters pertaining to the affairs of the Trust, the Directors Trustees shall act by a vote of a majority of the number of Directors Trustees then in office, which such majority shall constitute a quorum of the Directors Trustees for the transaction of business, except to adjourn as provided in Section 5.3(f).

Appears in 2 contracts

Sources: Trust Agreement, Trust Agreement