Quorum and Adjournments. At such meeting of the stockholders, except as otherwise provided by statute or by the Certificate of Incorporation, the holders of a majority of the issued and outstanding shares of each class of stock entitled to vote thereat, present in person or represented by proxy, shall be necessary and sufficient to constitute a quorum for the transaction of business. If, however, such quorum shall not be present or represented at any meeting of the stockholders, the stockholders entitled to vote thereat, present in person or represented by proxy, shall have power to adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present or represented.
Appears in 5 contracts
Samples: Stock Purchase and Standstill Agreement (Craig Corp), Stock Purchase and Standstill Agreement (National Auto Credit Inc /De), Stock Purchase and Standstill Agreement (Reading Entertainment Inc)
