Common use of Quorum and Adjournment Clause in Contracts

Quorum and Adjournment. Except as otherwise provided by law, by the Certificate of Formation of the Company, or by this Agreement, the presence, in person or by proxy, of the holders of a majority of the aggregate voting power of the Membership Interest issued and outstanding, entitled to vote thereat, shall constitute a quorum for the transaction of business at all meetings of Members. If such majority shall not be present or represented at any meeting of Members, the Members present, although less than a quorum, shall have the power to adjourn the meeting.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Pepco Holdings Inc), Limited Liability Company Agreement (Pepco Holdings Inc)

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Quorum and Adjournment. Except as otherwise provided required by law, by the Certificate of Formation of the Company, Incorporation or by this Agreementthese Bylaws, the presence, in person or by proxy, of the holders of a majority of the aggregate voting power of the Membership Interest stock issued and outstanding, entitled to vote thereat, shall constitute a quorum for the transaction of business at all meetings of Membersthe stockholders. If such majority shall not be present or represented at any meeting of Membersthe stockholders, the Members chair or the stockholders present, although less than a quorum, shall have the power to adjourn the meetingmeeting to another time and place.

Appears in 2 contracts

Samples: Merger Agreement (Cogentix Medical Inc /De/), Merger Agreement (Neogenomics Inc)

Quorum and Adjournment. Except as otherwise provided by law, by the Certificate of Formation of the Company, Incorporation or by this Agreementthese Bylaws, the presence, in person or by proxy, of the holders of a majority of the aggregate voting power of the Membership Interest stock issued and outstanding, entitled to vote thereat, shall be requisite and shall constitute a quorum for the transaction of business at all meetings of Membersstockholders. If If, however, such majority a quorum shall not be present or represented at any meeting of Membersstockholders, the Members stockholders present, although less than a quorum, shall have the power to adjourn the meeting.

Appears in 2 contracts

Samples: Merger Agreement (Martin Marietta Materials Inc), Merger Agreement (Martin Marietta Materials Inc)

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Quorum and Adjournment. Except as otherwise provided by law, law or by the Certificate of Formation Incorporation, a majority of the CompanyVoting Members, or by this Agreement, the presence, represented in person or by proxy, shall constitute a quorum at a meeting of Members. The chair of the holders of meeting or a majority of the aggregate voting power of Voting Members so represented may adjourn the Membership Interest issued and outstandingmeeting from time to time, entitled to vote thereat, shall constitute whether or not there is such a quorum. At any adjourned meeting at which a quorum for is present any business may be transacted which might have been transacted at the transaction of business at all meetings of Members. If such majority shall not be present or represented at any meeting of Members, the Members present, although less than a quorum, shall have the power to adjourn the original meeting.

Appears in 1 contract

Samples: Merger Agreement

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