Shareholders' Agreements · glossary
A weekday, other than a public holiday, when banks in London are open. Most deadlines in the agreement are counted in business days, such as the 10 days to answer a consent request. Mediation is the exception, because its 30 days are calendar days. Definition: Business Day · Chapter 3 · Chapter 5
Explained in Chapter 3, The Board, of Shareholders' Agreements.
The quorum must be present throughout, so a director who walks out breaks it. If there is no quorum 30 minutes after the start, the meeting does not simply fail. It meets again at the same time and place five business days later (weekdays when London banks are open), with no fresh notice.Read Chapter 3, The Board →
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a day other than a Saturday, Sunday or public holiday in England on which banks in London are open for general business;Read the definition in the document →
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