Board Quorum definition

Board Quorum means, subject to clause 5.7, not less than one half of the Directors then in office.

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Board Quorum means, subject to clause 5.7, not less than one half of the Directors then in office. Business Day means any day (other than a Saturday, Sunday or public holiday, as that term is defined in section 5(1) of the Holidays Act 2003) on which registered banks are open for general banking business in Northland, New Zealand. Chairperson means the chairperson of the Board appointed in accordance with clause 5.8.

Board Quorum has the meaning set forth in Section 4.05(a).

Examples of Board Quorum in a sentence

• If at the adjourned meeting a Board Quorum is not present within 30 minutes after the time scheduled for the meeting, the Directors present shall then constitute a Board Quorum.

• No business may be transacted at a Board meeting unless a Board Quorum is present.

• Accordingly, Directors participating in a Board meeting via such means shall be deemed to be present in person at the meeting and shall be entitled to be counted in the Board Quorum and to vote.

• Notwithstanding the foregoing, each Principal Stockholder may assign, in whole, but not in part, its rights under this Agreement as a Principal Stockholder (including, without limitation, its Board Quorum Rights, Board Rights, Committee Rights, Subsidiary Board Rights, Stockholder Quorum Rights, Consent Action Rights, Tag-Along Rights, Registration Rights, Preemptive Rights, Inspection Rights and Information Rights) to any Complete Rights Transferee (an “Assignment in Whole”).

• Prior to 1 April 1999 a Board Quorum shall comprise any two Directors.

• If the MergeCo Board Quorum is not present at the meeting on second call (seconda convocazione) within 30 minutes of the time appointed for the start of the meeting, the meeting will be adjourned to a third call (terza convocazione), on the date, time and place indicated in the notice of call.

• No action (other than an adjournment of a meeting in accordance with this Section 4.05) may be taken at a meeting of the Cleco Power Board unless there is a Board Quorum present.

• Notwithstanding the foregoing, for purposes of determining whether there is a Board Quorum for discussing and voting on a matter involving a Conflict, the ownership threshold to constitute a Board Quorum shall be calculated by excluding from the denominator the Deemed Cleco Power Interests represented by each Designated Manager that has or is deemed to have a Conflict.

• Notwithstanding the foregoing, for purposes of determining whether there is a Board Quorum for discussing and voting on a matter involving a Conflict, the ownership threshold to constitute a Board Quorum shall be calculated by excluding from the denominator the Deemed Cleco Holdings Interests represented by each Designated Manager that has or is deemed to have a Conflict.

• If, at the Second Adjourned Meeting, the Board Quorum is not present within 30 (thirty) minutes of the scheduled time then the Directors present at such meeting shall be deemed to constitute quorum for such adjourned meeting and shall proceed to take decisions or actions on all matters on the agenda.

More Definitions of Board Quorum

Board Quorum means 51% of Directors present for a board meeting as stipulated in Section 6.6.

Board Quorum shall have the meaning ascribed to such term under Clause 2.4 (d);

Board Quorum has the meaning set forth in Section 4.05(a). “Board Special Consent” means the affirmative vote or written consent of the Managers representing more than sixty percent (60%) of the Deemed Cleco Power Interests and including (i) the affirmative vote or written consent of Managers designated by at least two (2) unaffiliated General Partner Members and (ii) for so long as (x) required by applicable Law and (y) there is at least one Independent Manager serving on the Cleco Power Board, the affirmative vote of at least one Independent Manager. “Board Special Consent Matter” means each action or matter, any consent or approval of which, pursuant to the provisions of this Agreement, requires Board Special Consent. “Board Supermajority Consent” means the affirmative vote or written consent of the Managers representing more than seventy-five percent (75%) of the Deemed Cleco Power Interests and including (other than for purposes of Section 4.02(c)) for so long as (i) required by applicable Law and (ii) there is at least one Independent Manager serving on the Cleco Power Board, the affirmative vote of at least one Independent Manager. “Board Supermajority Consent Matter” means each action or matter, any consent or approval of which, pursuant to the provisions of this Agreement, requires Board Supermajority Consent. “Board Unanimous Consent” means the approval or consent of all Managers then serving on the Cleco Power Board, including the Special Independent Manager; provided, that the approval or consent of an Alternate Manager in place of the Designated Manager for which he or she serves as an alternate shall be sufficient for this purpose, and no Alternate Manager need approve or consent if the Designated Manager for which he or she serves as an alternate approves or consents. “Board Unanimous Consent Matter” means each action or matter, any consent or approval of which, pursuant to the provisions of this Agreement, requires Board Unanimous Consent. “Business Days” means any day other than a Saturday, a Sunday or a legal holiday recognized or declared as such by the government of the United States of America, the State of New York or the State of Louisiana, on which banks are generally open for business in New York City and Baton Rouge,