Quorums. At any meeting held for the purpose of electing directors, the presence in person or by proxy of the holders of a majority of the aggregate number of shares of the Series B Preferred Stock then outstanding (on an as-if-converted to Common Stock basis), the Series A Preferred Stock and the Common Stock then outstanding shall constitute a quorum for the election of the Directors.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Skyway Communications Holding Corp), Merger Agreement (Skyway Communications Holding Corp)
Quorums. At any meeting held for the purpose of electing directors, the presence in person or by proxy of the holders of a majority of the aggregate number of shares of the Series B A Preferred Stock then outstanding (on an as-if-converted to Common Stock basis), the Series A Preferred Stock ) and the Common Stock then outstanding shall constitute a quorum for the election of the Directors.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Skyway Communications Holding Corp), Merger Agreement (Skyway Communications Holding Corp)
