Common use of Quorum of Directors Clause in Contracts

Quorum of Directors. At all meetings of the Board of Directors, a majority of the directors shall constitute a quorum for the transaction of business and the act of a majority of the directors present at any meeting at which there is a quorum shall be the act of the Board of Directors. If a quorum shall not be present at any meeting of the directors, the directors present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present.

Appears in 1 contract

Samples: Securities Purchase Agreement (Warburg Pincus Ventures Lp)

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Quorum of Directors. At all meetings of the Board board of Directorsdirectors, a majority of the directors shall constitute a quorum for the transaction of business and the act of or a majority of the directors present at any meeting at which there is a quorum shall be the an act of the Board board of Directorsdirectors. If a quorum shall is not be present at any meeting a meeting, a majority of the directors, the directors present thereat may adjourn the meeting from time to time, without notice other than an announcement at the meeting, until a quorum shall be is present.

Appears in 1 contract

Samples: Merger Agreement (Promedco Management Co)

Quorum of Directors. At all meetings of the Board of Directors, a majority of the directors entire Board, but not less than two directors, shall constitute a quorum for the transaction of business and the business, except that when a board of one director is authorized, then one director shall constitute a quorum. The act of a majority of the directors present at any meeting at which there is a quorum shall be the act of the Board of Directors. If a quorum shall not be present at any meeting of the directors, the directors present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be presentDirectors except as provided in Section 2.05 hereof.

Appears in 1 contract

Samples: Annual Report

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Quorum of Directors. At all meetings A majority of the members of the Board of Directors, a majority of the directors Directors shall constitute a quorum for the transaction of business and the act of a majority of the directors present at any meeting at which there is a quorum shall be the act of the Board of Directors. If a quorum shall not be present business, but if at any meeting of the directorsBoard there shall be less than a quorum present, the directors a majority of those present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, time until a quorum shall be presenthave been obtained. When a quorum is present at any meeting, a majority of the members present shall decide any question brought before such meeting, except as otherwise provided by the Articles of Incorporation or by these Bylaws.

Appears in 1 contract

Samples: Annual Report

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