Common use of Decisions of Directors Clause in Contracts

Decisions of Directors. (a) Subject to Section 3.06(c), in order to be effective, a decision of the directors must be approved either by a resolution passed by the affirmative vote of not less than a majority of directors present and constituting a quorum at a meeting of directors duly called or by an instrument signed by all the directors.

Decisions of Directors. (a) Subject to Section 3.06(c)3.9, in order to be valid and effective, a decision of the directors Board of Directors must be approved either by a resolution passed by the affirmative vote of not less than a the majority of the directors present and constituting a quorum voting on the matter at a duly constituted meeting of directors duly called the Board of Directors or by an instrument a resolution signed by all the directors.

Decisions of Directors. (a) Subject to Section 3.06(c), in In order to be effective, a decision of the directors must be approved either by a resolution passed by the affirmative vote of not less than a majority of the directors present and constituting a quorum entitled to vote thereon at a meeting of directors duly called and at which a quorum of directors are present or by an instrument signed by all the directors.