Common use of Quorum Requirements Clause in Contracts

Quorum Requirements. The General Assembly may validly meet if 2/3 of the Contractors are present or represented. In case quorum is not met, the General Assembly will be convened once again within no more than three (3) weeks from this date, and may validly deliberate even in the absence of quorum. If their deputy cannot attend the General Assembly, the members of the General Assembly may grant a power of attorney to other members to represent them as their proxies, with a limit of two (2) proxiesy per member.

Quorum Requirements. The General Assembly may validly meet if 2/3 of the Contractors are present or represented. In case the quorum is not met, the General Assembly will be convened once again within no more than three (3) weeks from this date, and may validly deliberate even in the absence of quorum. If their deputy cannot attend the General Assembly, the members of the General Assembly may grant a power of attorney to other members to represent them as their proxies, with a limit of two (2) proxiesy per member.

Quorum Requirements. The General Assembly may validly meet if 2/3 of the Contractors are present or represented. In case quorum is not met, the General Assembly will be convened once again within no more than three (3) weeks from this date, and may validly deliberate even in the absence of quorum. If their deputy cannot attend the General Assembly, All of the members of the General Assembly may grant a power of attorney to other members to represent them as their proxies, with a limit of two (2) proxiesy proxy per member.