Quorum of the Board. (a) Until otherwise determined by the Participants by Special Majority, a quorum for a Board meeting is 50% of Board Members entitled to vote on a resolution that may be proposed at that meeting. If there are an odd number of Board Members then the quorum is 50% of the next nearest even number. 1 (b) If, other than for the fact that a Board Member has disclosed an interest under section 42 of the Distribution and Retail Restructuring Act, there would have been a quorum, the remaining Board Members present will represent a quorum. (c) A quorum for a Board meeting must be present at all times during the meeting.
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