Quorum and Approval Sample Clauses

Quorum and Approval. Unless otherwise provided herein, voting requires the participation, in person or by proxy, of a quorum of 25% of the Voting Class(es) entitled to vote on the issue. If such a quorum is present, the subject of the vote is deemed approved upon the affirmative vote of a simple majority of the GAIN POC Members so present and entitled to vote (50% plus 1).

Quorum and Approval. The presence of three (3) of the Directors on the Board shall constitute a quorum for the transaction of any business by the Board. Unless otherwise provided herein, the acts of at least three Directors present and voting at a meeting at which a quorum is present shall be required for any action of the Board; provided, however, that if notice of a meeting is provided to the Directors, and such notice describes the business to be considered, the actions to be taken and the matters to be voted on at the meeting in reasonable detail, and insufficient Directors attend the meeting to constitute a quorum, the meeting may be adjourned by those Directors attending such meeting for a period not to exceed twenty (20) days. Such meeting may be reconvened by providing notice of the reconvened meeting to the Directors no less than ten (10) days prior to the date of the meeting specifying that the business to be considered, the actions to be taken and the matters to be voted upon are those set forth in the notice of the original adjourned meeting.

Quorum and Approval. Whenever any Company action is to be taken by a vote of the Board, it shall be authorized upon receiving the unanimous affirmative vote of the Directors then entitled to vote present at a duly constituted meeting of the Board at which a quorum is present. The presence of at least one (1) Director designated by each of the Class A Members (other than any such Class A Member whose management participation rights have been suspended in accordance with Section 4.1(c)) in accordance with this Agreement shall constitute a quorum for the transaction of any business by the Board which is not a Material Decision, and the presence of each Director designated by each of the Class A Members (other than any such Class A Member whose management participation rights have been suspended in accordance with Section 4.1(c)) then entitled to vote in accordance with this Agreement shall constitute a quorum for the transaction of any business by the Board which is a Material Decision; provided, however, that the Member which appointed any absent Director may waive compliance with the quorum requirements set forth in this Section 3.3(c); and provided, further, that if notice of a meeting is provided to the Directors, and such notice describes the business to be considered, the actions to be taken and the matters to be voted on at the meeting in reasonable detail, and insufficient Directors attend the meeting to constitute a quorum, the meeting may be adjourned by those Directors attending such meeting for a period not to exceed twenty (20) days. Such meeting may be reconvened by providing notice of the reconvened meeting to the Directors no less than ten (10) days prior to the date of the meeting specifying that the business to be considered, the actions to be taken and the matters to be voted upon are those set forth in the notice of the original adjourned meeting; provided that a quorum shall still be required for any action to be taken at such reconvened meeting.