Common use of Actions by Directors Clause in Contracts

Actions by Directors. (a) Unless provided otherwise in this Agreement, the Directors will act only: (1) by the affirmative vote of a majority of the Directors (which majority will include any requisite number of Independent Directors required by the 0000 Xxx) present at a meeting duly called at which a quorum of the Directors is present either in person or, to the extent consistent with the provisions of the 1940 Act, by conference telephone or other communications equipment by means of which all Persons participating in the meeting can hear each other; or (2) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act. A majority of the Directors then in office will constitute a quorum at any meeting of Directors.

Appears in 25 contracts

Samples: Agreement (Hatteras Core Alternatives TEI Institutional Fund, L.P.), Agreement (Hatteras Core Alternatives TEI Institutional Fund, L.P.), Hatteras Core Alternatives TEI Fund, L.P.

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Actions by Directors. (a) Unless provided otherwise in this Agreement, the Directors will act only: (1) by the affirmative vote of a majority of the Directors (which majority will include any requisite number of Independent Directors required by the 0000 1000 Xxx) present at a meeting duly called at which a quorum of the Directors is present either in person or, to the extent consistent with the provisions of the 1940 Act, by conference telephone or other communications equipment by means of which all Persons participating in the meeting can hear each other; or (2) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act. A majority of the Directors then in office will constitute a quorum at any meeting of Directors.

Appears in 4 contracts

Samples: Agreement (Hatteras Multi-Strategy TEI Fund, L.P.), Hatteras Multi-Strategy Institutional Fund, L.P., Hatteras Multi-Strategy TEI Fund, L.P.

Actions by Directors. (a) Unless provided otherwise in this Agreement, the Directors will act only: (1) by the affirmative vote of a majority of the Directors (which majority will include any requisite number of Independent Directors required by the 0000 Xxx1940 Act) present at a meeting duly called at which a quorum of the Directors thx Xxxxxxors is present either in person or, to the extent consistent with the provisions of the 1940 Act, by conference telephone or other communications equipment by means of which all Persons participating in the meeting can hear each other; or (2) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act. A majority of the Directors then in office will constitute a quorum at any meeting of Directors.

Appears in 3 contracts

Samples: Hatteras Multi-Strategy TEI Fund, L.P., Hatteras Multi-Strategy Fund I, L.P., Hatteras Master Fund, L.P.

Actions by Directors. (a7) Unless provided otherwise in this Agreement, the Directors will act only: (1) by the affirmative vote of a majority of the Directors (which majority will include any requisite number of Independent Directors required by the 0000 1000 Xxx) present at a meeting duly called at which a quorum of the Directors is present either in person or, to the extent consistent with the provisions of the 1940 Act, by conference telephone or other communications equipment by means of which all Persons participating in the meeting can hear each other; or (2) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act. A majority of the Directors then in office will constitute a quorum at any meeting of Directors.

Appears in 3 contracts

Samples: Agreement (Hatteras Multi-Strategy Institutional Fund, L.P.), Hatteras Multi-Strategy TEI Institutional Fund, L.P., Hatteras Multi-Strategy Fund I, L.P.

Actions by Directors. (a) Unless provided otherwise in this Agreement, the Directors will shall act only: (1i) by the affirmative vote of a majority of the Directors (which majority will shall include any requisite number of Independent Directors required by the 0000 Xxx1940 Act) present at a meeting duly called at which a quorum of the Directors is shall be present either in person or, to the extent consistent with the provisions of if permitted by the 1940 Act, by conference telephone or other communications equipment by means of which all Persons persons participating in the meeting can hear each other; or (2ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act. A majority of the Directors then in office will constitute a quorum at any meeting of Directors.

Appears in 3 contracts

Samples: Gam Avalon Multi Us LLC, Gam Avalon Multi Technology Lp, Gam Avalon Multi Market Neutral LLC

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Actions by Directors. (a) Unless provided otherwise in this Agreement, the Directors will act only: (1) by the affirmative vote of a majority of the Directors (which majority will include any requisite number of Independent Directors required by the 0000 1900 Xxx) present at a meeting duly called at which a quorum of the Directors is present either in person or, to the extent consistent with the provisions of the 1940 Act, by conference telephone or other communications equipment by means of which all Persons participating in the meeting can hear each other; or (2) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act. A majority of the Directors then in office will constitute a quorum at any meeting of Directors.

Appears in 2 contracts

Samples: Hatteras Core Alternatives Fund, L.P., Hatteras Core Alternatives Fund, L.P.

Actions by Directors. (a) Unless provided otherwise in this Agreement, the Directors will act only: (1) by the affirmative vote of a majority of the Directors (which majority will include any requisite number of Independent Directors required by the 0000 Xxx1940 Act) present at a meeting xxxxxxx duly called at which a quorum of the Directors is present either in person or, to the extent consistent with the provisions of the 1940 Act, by conference telephone or other communications equipment by means of which all Persons participating in the meeting can hear each other; or (2) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act. A majority of the Directors then in office will constitute a quorum at any meeting of Directors.

Appears in 1 contract

Samples: Hatteras Multi-Strategy Fund I, L.P.

Actions by Directors. (a) Unless provided otherwise in this Agreement, the Directors will act only: (1) by the affirmative vote of a majority of the Directors (which majority will include any requisite number of Independent Directors required by the 0000 1940 Xxx) present xresent at a meeting duly called at which a quorum of the Directors is present either in person or, to the extent consistent with the provisions of the 1940 Act, by conference telephone or other communications equipment by means of which all Persons participating in the meeting can hear each other; or (2) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act. A majority of the Directors then in office will constitute a quorum at any meeting of Directors.

Appears in 1 contract

Samples: Hatteras Multi-Strategy TEI Institutional Fund, L.P.

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