Common use of ADJOURNMENT FOR WANT OF QUORUM Clause in Contracts

ADJOURNMENT FOR WANT OF QUORUM. If within 15 minutes (or such longer period not exceeding 30 minutes as the Chairman may decide) after the time appointed for any Meeting a quorum is not present for the transaction of any particular business, then, subject and without prejudice to the transaction of the business (if any) for which a quorum is present: (a) if convened upon the requisition of Noteholders, the Meeting shall be dissolved; and (b) in any other case, the Meeting shall stand adjourned to the same day in the next week (or if such day is a public holiday the next succeeding Business Day) at the same time and place (except in the case of a Meeting at which an Extraordinary Resolution is to be proposed in which case it shall stand adjourned for such period, being not less than 13 clear days nor more than 42 clear days, and to such place as may be appointed by the Chairman either at or subsequent to such Meeting and approved by the Note Trustee). Provided, however, that, if within 15 minutes (or such longer period not exceeding 30 minutes as the Chairman may decide) after the time appointed for any adjourned Meeting a quorum is not present for the transaction of any particular business, then, subject and without prejudice to the transaction of the business (if any) for which a quorum is present, the Meeting shall be dissolved as no Meeting may be adjourned more than once for want of a quorum.

ADJOURNMENT FOR WANT OF QUORUM. If within 15 minutes (or such longer period not exceeding 30 minutes as the Chairman Chairperson may decide) ), after the time appointed for any such Meeting a quorum is not present for the transaction of any particular business, then, subject and without prejudice to the transaction of the business (if any) for which a quorum is present: (a) , the Meeting shall if convened upon the requisition of Noteholders, the Meeting shall Noteholders be dissolved; and (b) in . In any other case, the Meeting case it shall stand adjourned to the same day in the next week (or if such day is a public holiday the next succeeding Business Daybusiness day) at the same time and place (except in the case of a Meeting at which an Extraordinary Resolution is to be proposed in which case it shall stand adjourned for such period, being not less than 13 clear days nor more than 42 clear days, and to such place as may be appointed by the Chairman Chairperson either at or subsequent to such Meeting and approved by the Note Trustee). Provided, however, that, if If within 15 minutes (or such longer period not exceeding 30 minutes as the Chairman Chairperson may decide) after the time appointed for any adjourned Meeting a quorum is not present for the transaction of any particular business, business then, subject and without prejudice to the transaction of the business (if any) for which a quorum is present, the Chairperson may either (with the approval of the Trustee) dissolve such Meeting shall be dissolved or adjourn the same for such period, being not less than 13 clear days (but without any maximum number of clear days), and to such place as no Meeting may be appointed by the Chairperson either at or subsequent to such adjourned more than once for want Meeting and approved by the Trustee, and the provisions of a quorumthis sentence shall apply to all further adjourned such meetings.