Common use of Quorum and Manner of Acting Clause in Contracts

Quorum and Manner of Acting. A majority of the Trustees then in office shall constitute a quorum for the transaction of business. If at any meeting of the Trustees there shall be less than a quorum present, a majority of those present may adjourn the meeting from time to time until a quorum shall be obtained. Notice of an adjourned meeting need not be given. The act of the majority of the Trustees present at any meeting at which there is a quorum shall be the act of the Trustees, except as may be otherwise specifically provided by law or by the Declaration of Trust or by these By-Laws.

Appears in 27 contracts

Samples: By (Prudential Series Fund), Hotchkis & Wiley Funds /De/, Philadelphia Investment Partners New Generation Fund

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Quorum and Manner of Acting. A majority of the Trustees Xxxxxxes then in --------------------------- office shall constitute a quorum for the transaction of business. If at any meeting of the Trustees there shall be less than a quorum present, a majority of those present may adjourn the meeting from time to time until a quorum shall be obtained. Notice of an adjourned meeting need not be given. The act of the majority of the Trustees present at any meeting at which there is a quorum shall be the act of the Trustees, except as may be otherwise specifically provided by law or by the Declaration of Trust or by these By-Laws.

Appears in 1 contract

Samples: Managed Account Series

Quorum and Manner of Acting. A The presence of a majority of the Trustees then in office shall constitute a quorum for the transaction of business. If at any meeting In the absence of a quorum, the Trustees there shall be less than a quorum present, a majority of those Trustee[s] present may adjourn the meeting from time to time until a quorum shall be obtained. Notice of an adjourned meeting need not be givenpresent. The act vote, at a meeting at which a quorum is present, of the majority of the Trustees present at any meeting at which there is a quorum shall be the an act of the Trustees, except as may be otherwise specifically provided by law or by the Declaration of Trust or by these By-Laws.

Appears in 1 contract

Samples: Note and Security Agreement (Eagle Picher Industries Inc)

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Quorum and Manner of Acting. A majority of the Trustees then in --------------------------- office shall constitute a quorum for the transaction of business. If at any meeting of the Trustees there shall be less than a quorum present, a majority of those present may adjourn the meeting from time to time until a quorum shall be obtained. Notice of an adjourned meeting need not be given. The act of the majority of the Trustees present at any meeting at which there is a quorum shall be the act of the Trustees, except as may be otherwise specifically provided by law or by the Declaration of Trust or by these By-Laws.

Appears in 1 contract

Samples: Merrill Lynch Inflation Protected Bond Fund

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