Decisions of Directors. Any resolution of the Directors shall only be validly passed and effective if: (a) at a duly constituted meeting of the Directors, such resolution receives the affirmative vote of a majority of the Directors participating in the meeting (each Director having only one vote); or (b) all the Directors consent in writing to such resolution.
Appears in 2 contracts
Samples: Unanimous Shareholders Agreement (Viking Energy Group, Inc.), Unanimous Shareholders Agreement (Camber Energy, Inc.)
Decisions of Directors. Any resolution of the Directors Board shall only be validly passed and effective if:
, (ai) at a duly constituted meeting of the DirectorsBoard, such resolution receives the affirmative vote of a majority of the Directors participating in the meeting (each Director having only one vote); or
, or (bii) such resolution is signed by all of the Directors consent in writing to such resolutionwriting.
Appears in 1 contract
Samples: Share Purchase Agreement
Decisions of Directors. Any resolution of the Directors shall only be validly passed and effective if:
(a) at a duly constituted meeting of the Directors, such resolution receives the affirmative vote of at least a majority of the Directors participating in the meeting (each Director having only one vote)meeting; or;
(b) all the Directors consent in writing to such resolution.
Appears in 1 contract
Samples: Share Purchase Agreement
