Common use of Frequency of Board Meetings Clause in Contracts

Frequency of Board Meetings. (1) The Board shall hold regular meetings not less frequently than quarterly at such place and time as shall be determined by the Member. Special meetings of the Board may be held at the offices of the Company or such other place as shall be determined by the Board, and shall be called at the direction of any Director or the President of the Company upon not less than five business days’ notice given by the President or the Secretary of the Company (which Officers shall give such notice if properly directed to do so as aforesaid). Emergency meetings of the Board may be held at the offices of the Company or such other place as shall be determined by the Board, and shall be called at the direction of any Director or the President of the Company upon not less than one business day’s notice, specifying in reasonable detail the nature of such emergency, given by the President or the Secretary of the Company (which Officers shall give such notice if properly directed to do so as aforesaid). (2) With respect to each regular meeting and special meeting of the Board, not later than five business days before such meeting, the President or the Secretary of the Company shall deliver to each Director, together with the notice of each such meeting, an agenda specifying in reasonable detail the matters to be discussed at the applicable Board meeting. Any Director who wishes to have any additional matter discussed at any such meeting shall give notice of such matter to the Secretary of the Company and each other Director not later than two business days prior to any such meeting.

Frequency of Board Meetings. (1) The Board shall hold regular meetings not less frequently than quarterly at such place and time as shall be determined by the Member. Special meetings of the Board may be held at the offices of the Company or such other place as shall be determined by the Board, and shall be called at the direction of any Director or the President of the Company upon not less Iess than five business days’ ' notice given by the President or the Secretary of the Company (which Officers shall give such notice if properly directed to do so as aforesaid). Emergency meetings of the Board may be held at the offices of the Company or such other place as shall be determined by the Board, and shall be called at the direction of any Director or the President of the Company upon not less than one business day’s 's notice, specifying in reasonable detail the nature of such emergency, given by the President or the Secretary of the Company (which Officers shall give such notice if properly directed to do so as aforesaid). (2) With respect to each regular meeting and special meeting of the Board, not later than five business days before such meeting, the President or the Secretary of the Company shall deliver to each Director, together with the notice of each such meeting, an agenda specifying in reasonable detail the matters to be discussed at the applicable Board meeting. Any Director who wishes to have any additional matter discussed at any such meeting shall give notice of such matter to the Secretary of the Company and each other Director not later than two business days prior to any such meeting.