Common use of Management Committee Quorum Clause in Contracts

Management Committee Quorum. a) A quorum for any meeting of the Management Committee shall consist of a representative or representatives of a party or parties whose Interests aggregate one hundred (100%) percent. No business other than the election of a chairman, if any, and the adjournment or termination of the meeting shall be dealt with if a quorum is not present at the commencement of the meeting but the quorum need not be present throughout the meeting;

Appears in 4 contracts

Samples: Property Operating Agreement (Chubasco Resources Inc), Option Agreement (Farrier Resources Corp), Option Agreement (Jedediah Resources Corp.)

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Management Committee Quorum. a) A quorum for any meeting of the Management Committee shall consist of a representative or representatives of a party or parties whose Interests aggregate one hundred (100l00%) percent. No business other than the election of a chairman, if any, and the adjournment or termination of the meeting shall be dealt with if a quorum is not present at the commencement of the meeting but the quorum need not be present throughout the meeting;

Appears in 1 contract

Samples: Option Agreement (Ibex Resources Corp.)

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