Properly Constituted Sample Clauses
The 'Properly Constituted' clause defines the requirements for a body, committee, or meeting to be validly formed and authorized to make decisions. Typically, this involves specifying the necessary quorum, the appointment of members, and adherence to procedural rules such as notice and agenda requirements. For example, a board meeting may only be considered properly constituted if a minimum number of directors are present and the meeting was called according to the organization's bylaws. This clause ensures that decisions are made by a legitimately formed group, thereby preventing challenges to the validity of actions taken due to procedural irregularities.
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Properly Constituted. Manager is a corporation duly organized, existing and in good standing under the laws of the State of Delaware, has the corporate power and authority to own its property and to carry on its business as it is now being conducted, and to enter into and perform its obligations under this Agreement.
Properly Constituted. Group is a professional corporation, duly organized, existing in good standing under the laws of the State of California, has the corporate power and authority to own its property and to carry on Group’s business as it is now being conducted, and to enter into and perform Group’s obligations under this Agreement.