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

  • 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”).

  • 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.

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

  • 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.

  • The application are due to the Department of Commerce by the end of March so he will bring back projects for Commission review before then.Commissioner Schwarz expressed he like everything he was seeing on the list in the packet.

  • With the approval of a Board Quorum, the Board may adjourn a Board Meeting and reconvene in executive session to consider litigation, matters relating to the formation of contracts with third parties, personnel matters, and Member discipline.

  • The Board Quorum and voting requirements are identical to the Quorum and voting requirements of the City Council.

  • A majority of the board members constitutes a Board Quorum for any meeting at which a vote is to be taken.

  • A Board Quorum shall be required for the transaction of business.

  • Regardless of the presence or vote of a Director interested in a Conflict of Interest Transaction, a Conflict of Interest Transaction may be approved, and any Board Quorum satisfied, if the Conflict of Interest Transaction’s material facts, and the Director’s interest, are disclosed or known to the Board and a majority of more than one (1) Director with no interest in the Conflict of Interest Transaction votes to approve the Conflict of Interest Transaction.


More Definitions of Board Quorum

Board Quorum shall have the meaning ascribed to such term under Clause 2.4 (d);
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Board Quorum means 51% of Directors present for a board meeting as stipulated in Section 6.6.
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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,
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Related to Board Quorum

  • Disinterested Quorum means a quorum of the Board who are not Parties to the subject Proceeding or any related Proceeding.

  • Company Board of Directors means the board of directors of the Company.

  • The Board of Directors or "Board" means all those persons appointed to perform the duties of directors of the society;

  • Board of Directors or Board means the Board of Directors of Prakash Steelage Limited, as constituted from time to time.

  • entire Board of Directors means the total number of directors which the Corporation would have if there were no vacancies.

  • Board or Board of Directors means the Board of Directors of the Company.

  • Board Committee means those individual members of the Board of Directors who have been appointed by the Board of Directors with the powers and responsibilities specified in Article VIII and to which has been delegated any fiduciary responsibilities of the Board of Directors with respect to the Plan.

  • Member board means a state agency in a member state that acts in the sovereign interests of the state by protecting the public through licensure, regulation, and education of physicians as directed by the state government.

  • CPF Board means the Central Provident Fund Board, a body corporate established under the Central Provident Fund Act (Cap. 36);

  • Quorum means a majority of the Administrators or, if there are only two Administrators, both of them.

  • Board of Directors means the board of directors of the Company.

  • Disinterested Directors means, with respect to any Affiliate Transaction, one or more members of the Board of Directors of the Company, or one or more members of the Board of Directors of a Parent, having no material direct or indirect financial interest in or with respect to such Affiliate Transaction. A member of any such Board of Directors shall not be deemed to have such a financial interest by reason of such member’s holding Capital Stock of the Company or any Parent or any options, warrants or other rights in respect of such Capital Stock.

  • vote of a majority of the outstanding voting securities" shall mean the vote of the lesser of (a) 67 per centum or more of the shares of the Fund present or represented by proxy at the meeting if the holders of more than 50 per centum of the outstanding shares of the Fund are present or represented by proxy at the meeting, or (b) more than 50 per centum of the outstanding shares of the Fund.

  • Board of Director or “Board” means the Board of Directors of Omaxe Limited, as constituted from time to time.

  • Parent Directors means the Directors elected or appointed pursuant to Articles 53 – 56 inclusive;

  • Independent Board Committee means the independent board committee of the Company

  • Sub-Committee means a committee of a committee created by the board.

  • Audit Committee means the audit committee of the board of directors of the Company established pursuant to the Articles, or any successor committee.

  • Nomination Committee means the nomination committee of the Board established in accordance with Article 114;

  • the Board means the board of directors of the Company;

  • Nominations Committee means the committee referred to as such in, and established pursuant to, Article 133;

  • Disinterested Board Members means those members of the Board of a Fund that are not deemed to be "interested persons" of the Fund, as defined by the Act.

  • Board means the Board of Directors of the Company.

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • Whole Board means the total number of authorized directors whether or not there exist any vacancies or unfilled seats in previously authorized directorships.

  • Disinterested Director means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee.