Common use of PROCEEDINGS OF TRUSTEES Clause in Contracts

PROCEEDINGS OF TRUSTEES. 5.1. Any Trustee is at all times entitled to convene a meeting of the Trustees by giving 14 (fourteen) days’ written notice to the other Trustees, or such shorter notice as may be agreed by all of them in writing. 5.2. The Trustees shall meet together for the dispatch of business, adjourn and otherwise regulate their meetings as they deem fit. 5.3. 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. 5.4. Save at the time prior to the appointment of the first Elected Trustee in terms of clause 4.3, all the Trustees shall constitute a quorum for the purposes of meetings of the Trustees. 5.5. 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 unanimous consent. 5.6. A resolution in writing signed by all the 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 the last Trustee’s signature. 5.7. The Trustees shall keep minutes of their meetings in writing and all resolutions passed by the Trustees shall be duly signed by all Trustees.

PROCEEDINGS OF TRUSTEES. 5.1. Any Trustee is at all times entitled to convene a meeting of the Trustees by giving 14 (fourteen) days’ written notice to the other TrusteesTrustee, or such shorter notice as may be agreed by all both of them in writing. 5.2. The Trustees shall meet together for the dispatch of business, adjourn and otherwise regulate their meetings as they deem fit. 5.3. 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. 5.4. Save at the time prior to the appointment of the first Elected Trustee in terms of clause 4.3, all the Trustees shall constitute a quorum for the purposes of meetings of the Trustees. 5.5. 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 unanimous consent. 5.6. A resolution in writing signed by all the 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 the last Trustee’s signature. 5.7. The Trustees shall keep minutes of their meetings in writing and all resolutions passed by the Trustees shall be duly signed by all both Trustees.