Common use of Quorum and Adjournment Clause in Contracts

Quorum and Adjournment. Except as otherwise provided by law or by the Certificate of Incorporation, the holders of a majority of the shares of stock entitled to vote at the meeting present in person or by proxy without regard to class or series shall constitute a quorum at all meetings of the stockholders. In the absence of a quorum, the holders of a majority of such shares of stock present in person or by proxy may adjourn any meeting, from time to time, until a quorum shall be present. At any such adjourned meeting at which a quorum may be present, any business may be transacted which might have been transacted at the meeting as originally called. No notice of any adjourned meeting need be given other than by announcement at the meeting that is being adjourned, provided that if the adjournment is for more than thirty (30) days, or if after the adjournment a new record date is fixed for the adjourned meeting, then a notice of the adjourned meeting shall be given to each stockholder of record entitled to vote at the meeting.

Quorum and Adjournment. Except as otherwise provided by law statute or by the Certificate this Agreement, at all meetings of IncorporationMembers, whether annual or special, the holders of a majority 60% of the shares of stock Membership Interests entitled to vote at the meeting Vote thereat, present in person or by proxy without regard to class or series shall proxy, will be required for and will constitute a quorum at all meetings for the transaction of the stockholdersbusiness. In the absence of a quorum, Votes cast by the holders of a majority 60% of such shares of stock present in person or by proxy the Membership Interests who are entitled to Vote, may adjourn any meeting, the meeting from time to time, until a quorum shall be present. At any such adjourned meeting at which a quorum may will be present, any business may be transacted which that might have been transacted at the meeting as originally called. No notice of any an adjourned meeting need be given other than by announcement if the time and place to which the meeting is adjourned are announced at the meeting that is being adjourned, provided that if at which the adjournment is for more than thirty (30) days, or if taken. If after the adjournment adjournment, however, the Board of Managers fixes a new record date is fixed for the adjourned meeting, then a notice of the adjourned meeting shall will be given to each stockholder of record entitled to vote at the meetingMember.