Common use of No Quorum Clause in Contracts

No Quorum. (a) If a quorum is not present within 15 minutes after the scheduled time for the meeting, the meeting is: (i) if convened on the requisition of Unit Holders – dissolved; or (ii) otherwise – adjourned to such place and time as the Trustee decides. (b) At any adjourned meeting, those Unit Holders present in person or by proxy or representative constitute a quorum, provided at least two Business Days’ notice is given of the adjourned meeting.

Appears in 4 contracts

Sources: Trust Deed, Trust Deed, Trust Deed

No Quorum. (a) If within two hours from the time appointed for the meeting a quorum is not present, the meeting, if convened upon the requisition of Members, shall be dissolved; in any other case it shall stand adjourned to the next business day in the jurisdiction in which the meeting was to have been held at the same time and place or to such other time and place as the Directors may determine, and if at the adjourned meeting a quorum is not present within 15 minutes after half an hour from the scheduled time appointed for the meeting, meeting the meeting is: (i) if convened on the requisition of Unit Holders – dissolved; or (ii) otherwise – adjourned to such place and time as the Trustee decides. (b) At any adjourned meeting, those Unit Holders Members present in person or by proxy or representative constitute shall be a quorum, provided at least two Business Days’ notice is given of the adjourned meeting.

Appears in 1 contract

Sources: Merger Agreement (Metal Sky Star Acquisition Corp)