Common use of PROCEEDINGS OF TRUSTEES Clause in Contracts

PROCEEDINGS OF TRUSTEES. 25.1. Any Trustee is at all times entitled to convene a meeting of the Trustees by giving 14 (fourteen) clear days’ written notice to the other Trustees, or such shorter notice as may be agreed by all of them in writing. 25.2. The Trustees shall meet together for the dispatch of business, adjourn and otherwise regulate their meetings as they deem fit. 25.3. The Trustees may participate in a meeting of the Trustees by means of conference telephone or similar equipment by means of which all persons participating in the meeting can hear each other and any such participation in a meeting shall constitute presence in person at the meeting. 25.4. Save at the time prior to the appointment of the first Elected Trustee in terms of clause 24.3 the majority of Trustees shall constitute a quorum for the purposes of meetings of the Trustees. 25.5. Save as may be expressly otherwise provided in this Trust Deed or the Statutes, decisions to be taken by the Trustees present at a meeting of Trustees shall take place by majority vote. 25.6. A resolution in writing signed by the majority of Trustees shall be valid and effectual as if it had been passed at a meeting of the Trustees duly called and constituted, and such resolution may be signed in counterparts and shall have effect from the date of last signature. 25.7. The Trustees shall keep minutes of their meetings in writing and all resolutions passed by the Trustees shall be duly signed by the majority of Trustees. 25.8. In the event that the Trustees are required to vote on any proposed resolution (including any voluntary winding-up) of the shareholders of SSA or Sasol (as the case may be), or with regard to the acceptance of a take-over offer or scheme of arrangement, the Trustees shall be obliged to allow the relevant Beneficiaries adequate time, to give directions to the Trustees on how to vote in such regard.

PROCEEDINGS OF TRUSTEES. 25.1. Any Trustee is at all times entitled to convene a meeting of the Trustees by giving 14 (fourteen) clear days’ ' written notice to the other Trustees, or such shorter notice as may be agreed by all of them in writing. 25.2. The Trustees shall meet together for the dispatch of business, adjourn and otherwise regulate their meetings as they deem fit. 25.3. The Trustees may participate in a meeting of the Trustees by means of conference telephone or similar equipment by means of which all persons participating in the meeting can hear each other and any such participation in a meeting shall constitute presence in person at the meeting. 25.4. Save at the time prior to the appointment of the first Elected Trustee in terms of clause 24.3 the majority of Trustees shall constitute a quorum for the purposes of meetings of the Trustees. 25.5. Save as may be expressly otherwise provided in this Trust Deed or the Statutes, decisions to be taken by the Trustees present at a meeting of Trustees shall take place by majority vote. 25.6. A resolution in writing signed by the majority of Trustees shall be valid and effectual as if it had been passed at a meeting of the Trustees duly called and constituted, and such resolution may be signed in counterparts and shall have effect from the date of last signature. 25.7. The Trustees shall keep minutes of their meetings in writing and all resolutions passed by the Trustees shall be duly signed by the majority of Trustees. 25.8. In the event that the Trustees are required to vote on any proposed resolution (including any voluntary winding-up) of the shareholders of SSA or Sasol (as the case may be), or with regard to the acceptance of a take-over offer or scheme of arrangement, the Trustees shall be obliged to allow the relevant Beneficiaries adequate time, to give directions to the Trustees on how to vote in such regard.

PROCEEDINGS OF TRUSTEES. 25.1. Any Trustee is at all times entitled to convene a meeting of the Trustees by giving 14 (fourteen) clear days’ written notice to the other Trustees, or such shorter notice as may be agreed by all of them in writing. 25.2. 14.1 The Trustees shall may meet together for the dispatch despatch of business, adjourn and otherwise regulate their meetings as they deem think fit, subject to any provisions of this Constitution. 25.3. The Trustees may participate in a meeting 14.2 During the Development Period the quorum necessary for the holding of any meetings of the Trustees by means shall be two Trustees, present personally at least one of conference telephone or similar equipment by means of which all persons participating in the meeting can hear each other and any such participation in whom must be a meeting shall constitute presence in person at the meeting. 25.4. Save at the time prior to the appointment nominee of the first Elected Trustee in terms of clause 24.3 Developer and 14.3 after the Development Period such quorum shall be a majority of Trustees present personally. 14.4 Any resolution of the Directors of the BOA shall constitute be carried on a quorum simple majority of all votes cast; provided that during the Development Period if the nominee(s) of the Developer vote against a resolution it shall be defeated and if he/they vote in favour of the resolution it shall be carried irrespective of the other votes for and against the purposes resolution. 14.5 In the case of an equality of votes for and against any resolution, the resolution shall be deemed to have been defeated. 14.6 The Trustees shall cause minutes to be kept of every Trustee’s meeting, which minutes shall, without undue delay after the meeting has closed, be reduced to writing and certified correct by the Chairman. All minutes of Trustees' meeting shall, after certification, be placed in a Trustees minute book to be kept in accordance with the provisions of the law relating to the keeping of minutes of meetings of the Trustees. The Trustees' minute book shall be open for inspection at all reasonable times by any Trustee, the Auditors and the Members. 25.5. 14.7 Save as provided in these presents, the proceedings of any Trustees' meeting shall be conducted in such reasonable manner and form as the Chairman of the meeting shall decide. 14.8 Resolutions and decisions of the Trustees may be expressly otherwise provided in this Trust Deed or the Statutes, decisions to be taken and passed and acted upon when so authorised and approved by the Trustees present at a meeting of Trustees shall take place by majority voteround ▇▇▇▇▇ resolution. 25.6. 14.9 A resolution in writing signed by all the majority of Trustees shall be valid and effectual in all respects as if it had been duly passed at a meeting of the Trustees duly called and constituted, and such resolution may be signed in counterparts and shall have effect from the date of last signature. 25.7. The Trustees shall keep minutes of their meetings in writing and all resolutions passed by the Trustees shall be duly signed by the majority of Trustees. 25.8. In the event that the Trustees are required to vote on any proposed resolution (including any voluntary winding-up) Directors of the shareholders of SSA or Sasol (as the case may be), or with regard to the acceptance of a take-over offer or scheme of arrangement, the Trustees shall be obliged to allow the relevant Beneficiaries adequate time, to give directions to the Trustees on how to vote in such regardBOA.