Action by Trustees – Quorum Sample Clauses

Action by Trustees – Quorum. All action required or permitted to be taken by the Trustees, in their capacity as Trustees, shall be taken (i) at a meeting at which a quorum is present duly called by one or more of the Trustees and held on at least 3 days’ prior written or telegraphic notice to all of the Trustees then in office, or (ii) by a written vote, resolution or other writing without a meeting signed by all the Trustees then in office. Except where this Agreement otherwise provides, all action tak- en at such a meeting shall be by vote or resolution of a majority of such of the Trustees as are present and shall have the same force and effect as if then by all the Trustees. A majority of the Trustees then in of- fice shall constitute a quorum.