Quorum of the Board. a) Until otherwise determined by the Board, a quorum for a Board meeting is three Board Members entitled to vote on a resolution that may be proposed at that meeting. b) A quorum for a Board meeting must be present at all times during the meeting. c) Subject to section 40 of the Restructuring Act, each individual present is counted towards a quorum as a Board Member.
Appears in 3 contracts
Samples: Participation Agreement, Participation Agreement, Participation Agreement
Quorum of the Board. (a) Until otherwise determined by the Board, a quorum for a Board meeting is three 3 Board Members entitled to vote on a resolution that may be proposed at that meeting.
(b) A quorum for a Board meeting must be present at all times during the meeting.
(c) Subject to section 40 of the Restructuring Act, each individual present is counted towards a quorum as a Board Member.
Appears in 1 contract
Samples: Participation Agreement
