Quorum and Decisions Sample Clauses

Quorum and Decisions. The quorum for a meeting of the Executive Group shall be not less than [50]% of the Parties to this Collaboration Agreement (or their proxies). The Executive Group makes a decision when [a majority][at least two thirds] of those present in person or by proxy vote to take a certain action. Each Party present in person or by proxy shall have one vote[and in the event of the number of votes for and against a certain proposed decision are equal, the Chairman shall have a casting vote].

Quorum and Decisions. Ordinary and Extraordinary Shareholders’ Meetings will be validly convened when more than fifty percent (50%) of the capital stock of the Corporation is present, and for any resolutions adopted by the Shareholders’ Meeting to be valid, a favorable vote of more than fifty percent (50%) of the capital stock of the Corporation shall be required, except in those cases where decisions require a qualified majority.

Quorum and Decisions. At each Steering Committee meeting, at least [***] members appointed by each Party present in person or by telephone or video conference shall constitute a quorum. Decisions of the Steering Committee shall be made by consensus. In the event of a deadlock, [***] shall have the [***] shall have the [***] and provided further that [***] set forth in [***]. Unless explicitly set forth otherwise in this Agreement, [***] of this Agreement.

Quorum and Decisions. A quorum for meetings of the Board of Managers shall require the presence of at least four managers. All decisions of the Board of Managers shall be taken by the affirmative vote of at least four managers. The chairman of the Board of Managers shall not be entitled to any vote in addition to his vote as a manager. In the event of a deadlock among the managers, the matters shall be decided by vote of the Members as set forth in Article V. The proceedings of meetings of the Board of Managers will be in --------- English. Unless otherwise required by applicable law, the official minutes of meetings and resolutions taken therein shall be kept in English and Spanish, shall be circulated to all managers before finalization and shall be kept in the minute books of the Company. If permitted by applicable law, decisions may be taken by the Board of Managers without a meeting if a proposal for action is submitted in writing to each of the managers and each such manager consents in writing to such action.

Quorum and Decisions. 5 4.6 Powers of the Board of Managers.............................................. 5 4.7

Quorum and Decisions. Subject to subsection 5.9(b), a quorum of the Board consists of 7 voting Trustees, present at the meeting either physically or pursuant to Section 5.8, and all decisions of the Board must be made by at least 80% of the voting Trustees present at a duly called and constituted meeting of the Board. For greater certainty: (i) if there are 11 voting Trustees present at a duly called and constituted meeting of the Board at the time of the vote, at least 9 votes in favour are required to make a decision; (ii) if there are 9 or 10 voting Trustees present at a duly called and constituted meeting of the Board at the time of the vote, at least 8 votes in favour are required to make a decision; (iii) if there are 8 voting Trustees present at a duly called and constituted meeting of the Board at the time of the vote, at least 7 votes in favour are required to make a decision; and (iv) if there are 7 voting Trustees present at a duly called and constituted meeting of the Board at the time of the vote, at least 6 votes in favour are required to make a decision. The Board may, by a resolution passed in accordance with subsection 5.9(a), change a requirement of subsection 5.9(a). If a quorum is not present within one-half hour of the time specified for a meeting of the Board, the Trustees present may adjourn the meeting to a fixed time and place but may not transact any other business. If during a meeting a quorum is lost, the Trustees remaining at the meeting shall not transact any business except to fix a time and place for a continuation of the meeting. If the Board meets when a Trustee position is vacant, the meeting is validly constituted as long as a quorum is present. For greater certainty, any Trustee appointed pursuant to Section 4.1, and a Chair appointed pursuant to subsection 5.2(b) who has a vote pursuant to Section 5.3, is considered a “voting Trustee” for the purposes of this Section 5.9.

Quorum and Decisions. The quorum for a meeting of the Strategic Management Board shall be not less than 50% of the Parties to this Collaboration Agreement (or their proxies). The Strategic Management Board makes a decision when a majority of those present in person or by proxy vote to take a certain action. Each Party present in person or by proxy shall have one vote and in the event of the number of votes for and against a certain proposed decision are equal, the Chairman shall have a casting vote.

Quorum and Decisions. At least nine (9) Presbyters must be present to constitute a quorum for the transaction of decisions that will be brought to a vote. All votes will be by written ballot. When a quorum is met, a majority vote of members present is required for the approval of all items brought to vote, with the exception of the acquisition or removal of associate pastoral staff as designated in Article VIII, Section 2, Item H of these By-Laws

Quorum and Decisions. (a) The Shareholders’ meeting decides with the quorum as laid down by the law or by the Articles, unless this Agreement requires higher majorities. (b) The Shareholders’ meeting votes for a Chairman with simple majority, who leads the meeting and names a keeper of the minutes. (c) Meeting is quorate if 75% of shares are present (d) The Meeting approves -the annual financial statement on the suggestion of the Managing Director -the use of financial statement profits -the exoneration of the Managing Director (e) Shareholders’ meeting decisions and resolutions shall require special majority (85%) for approval of the following matters: ●Changes in the articles of association (“Statuto”) ●Distribution of dividends, capital, reserves and in general any distribution ●Approval of stock-option plans or similar for Directors/Employees/Consultants of The Company ●Sale of Company’s assets in full or in part ●Purchase, sale or any other disposition of Company shares ●Increases or reductions in Company capital (except for mandatory capital requirements) ●Extraordinary transactions on corporate capital; mergers, incorporations or demergers of Company, even partial ●Acquisition, sale or encumbrance of real estate or similar rights in real estate ●Liquidation and nomination of liquidators ●Approval of the annual budget and annual review of the business plan ●Removal of the managing director other than for cause ●Assignment of duties to an auditors ●Change of power of representation ●Engaging in any kind of partnerships, including silent partnerships.

Quorum and Decisions. Quorum for any Board meeting shall consist of the majority of its members. The same majority shall be required to validly decide on matters of its competence.