Common use of Quorum at Meetings Clause in Contracts

Quorum at Meetings. At any such meeting two or more persons present in person (not being the Company, any person directly or indirectly under the control of the Company or any nominees thereof) or by proxy holding Convertible Loan Notes or being proxies and being or representing in the aggregate the holders of one-third in nominal amount of the Convertible Loan Notes then outstanding and not held by or on behalf of the Company shall form a quorum for the transaction of business and no business (other than the choosing of a chairman) shall be transacted at any meeting unless the requisite quorum be present at the commencement of business.

Quorum at Meetings. At any such meeting two or more persons present in person (not being the Company, any person directly or indirectly under the control of the Company or any nominees thereof) or by proxy holding Convertible Loan Notes or being proxies and being or representing in the aggregate the holders of not less than one-third tenth in nominal amount of the Convertible Loan Notes then outstanding and not held by or on behalf of the Company shall form a quorum for the transaction of business and no business (other than the choosing of a chairman) shall be transacted at any meeting unless the requisite quorum be present at the commencement of business.