Common use of Quorum of Shareholders Clause in Contracts

Quorum of Shareholders. Adjournment. The holders of shares ------------------------------------ representing a majority of the votes entitled to be cast at a meeting, present in person or represented by proxy, shall be requisite to and shall constitute a quorum at all meetings of the shareholders for the transaction of business except as otherwise provided by the Articles of Incorporation or by these Bylaws. Once a quorum is present at a meeting of shareholders, the shareholders represented in person or by proxy at the meeting may conduct such business as may be properly brought before the meeting until it is adjourned, and the subsequent withdrawal from the meeting of any shareholder or the refusal of any shareholder represented in person or by proxy to vote shall not affect the presence of a quorum at the meeting. Upon attainment of representation by a quorum, subsequent to an adjournment of the meeting, any business may be transacted which might have been transacted at the meeting as originally notified. If a quorum is not present or represented at any meeting of the shareholders, the shareholders entitled to vote thereat, present in person or represented by proxy, shall have the power to adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is present or represented. When a determination of shareholders entitled to vote at any meeting of shareholders has been made as provided in these Bylaws, such determination shall apply to any adjournment thereof except where the determination has been made through the closing of the share transfer records and the stated period of closing has expired.

Quorum of Shareholders. Adjournment. The holders of shares ------------------------------------ representing a majority (a) Unless otherwise expressly required by applicable law, at any meeting of the votes entitled to be cast at a meeting, present in person or represented by proxy, shall be requisite to and shall constitute a quorum at all meetings of the shareholders for the transaction of business except as otherwise provided by the Articles of Incorporation or by these Bylaws. Once a quorum is present at a meeting of shareholders, the shareholders represented presence in person or by proxy of shareholders entitled to cast a majority of votes thereat shall constitute a quorum. Shares of the Corporation's stock belonging to the Corporation or to another corporation, if a majority of the shares entitled to vote in an election of the directors of such other corporation is held by the Corporation, shall neither be counted for the purpose of determining the presence of a quorum nor entitled to vote at the meeting may conduct such business as may be properly brought before the meeting until it is adjourned, and the subsequent withdrawal from the any meeting of the shareholders. (b) At any shareholder or meeting of the refusal shareholders at which a quorum shall be present, a majority of any shareholder represented those present in person or by proxy may adjourn the meeting from time to vote shall not affect the presence of a quorum time without notice other than announcement at the meeting. Upon attainment In the absence of representation by a quorum, subsequent the officer presiding thereat shall have power to an adjournment adjourn the meeting from time to time until a quorum shall be present. Notice of any adjourned meeting other than announcement at the meetingmeeting shall not be required to be given, except as provided in Section 1.6(d) below and except where expressly required by applicable law. (c) At any adjourned meeting at which a quorum shall be present, any business may be transacted which might have been transacted at the meeting as originally notified. If a quorum is not present or represented at any meeting of the shareholderscalled, the shareholders entitled to vote thereat, present in person or represented by proxy, shall have the power to adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is present or represented. When a determination of but only those shareholders entitled to vote at any the meeting of shareholders has been made as provided in these Bylaws, such determination originally noticed shall apply be entitled to vote at any adjournment or adjournments thereof except where unless a new record date is fixed by the determination has been made through Board. (d) If a new date, time and place of an adjourned meeting is not announced at the closing original meeting before adjournment, or if after the adjournment a new record date is fixed for the adjourned meeting, a notice of the share transfer records and adjourned meeting shall be given in the stated period manner specified in Section 1.5 to each shareholder of closing has expiredrecord entitled to vote at the meeting.