Common use of Quorum; Vote Required for Action Clause in Contracts

Quorum; Vote Required for Action. At all meetings of the Board, Directors constituting a majority of the entire Board, of which aforementioned majority the Independent Directors shall be a majority, shall constitute a quorum for the transaction of business. The vote of a majority of the Directors present at any meeting at which a quorum is present shall be the act of the Board unless this Exhibit B or the Agreement shall require a vote of a greater number. If at any meeting of the Board a quorum shall not be present, the Directors present may adjourn the meeting from time to time until a quorum shall attend.

Appears in 2 contracts

Samples: Acknowledgment and Acceptance Agreement (El Paso Corp/De), Acknowledgment and Acceptance Agreement (Enterprise Products Partners L P)

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Quorum; Vote Required for Action. At all meetings of the Board, Board of Directors constituting the presence of a majority of the entire Board, total number of which aforementioned majority the Independent Directors shall be a majority, directors shall constitute a quorum for the transaction of business. The vote of at least a majority of the Directors directors present at any meeting at which a quorum is present shall be necessary to constitute and shall be the act of the Board unless this Exhibit B the Certificate of Incorporation or the Agreement these By-Laws shall require a vote of a greater numberotherwise provide. If In case at any meeting of the Board a quorum shall not be present, the Directors members of the Board present may adjourn the meeting from time to time until a quorum shall attend.

Appears in 1 contract

Samples: Escrow Agreement (Icg Communications Inc /De/)

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Quorum; Vote Required for Action. At all meetings of the Board, Board of Directors constituting a majority of the entire Board, of which aforementioned majority the Independent Directors shall be a majority, Board shall constitute a quorum for the transaction of business. The vote of a majority of the Directors directors present at any a meeting at which a quorum is present shall be the act of the Board unless this Exhibit B or except as otherwise provided in the Agreement shall require a vote articles of a greater numberincorporation and in these By-laws. If In case at any meeting of the Board a quorum shall not be present, the Directors members of the Board present may adjourn the meeting from time to time until a quorum shall attend.

Appears in 1 contract

Samples: Terms   in Agreement (General Maritime Corp/)

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