Examples of Simple Majority Vote in a sentence
No action may be taken by the Partnership in connection with any of the matters listed on Schedule 5.1(i) without the prior approval of the Partnership Board, at a duly called meeting, of Representatives with voting power of more than fifty percent (50%) of the Voting Percentage Interests of all Partners whose Representatives are not required by Section 8.6 or any other express provision of this Agreement to abstain from such vote (a "Simple Majority Vote").
This Agreement may be amended only by the Simple Majority Vote of the Partners.
Except as otherwise specified in this document, the Constitution or the Corporations Act, all decisions of the Shareholders and all decisions of the Board will be made by Simple Majority Vote.
Upon the death of any Partner, all or any Units in the Partnership owned by the decedent at the time of his or her death may be transferred to a spouse, children, and/or grandchildren of the decedent, or to any trust for the benefit of such persons if the Partners, by a Simple Majority Vote, agree to such transfer within one hundred eighty (180) days of the Partner's date of death.
In the event of: (i) the death or incapacity of all of the General Partners; (ii) the removal or withdrawal of all of the General Partners; or (iii) the occurrence of any of the events specified in Section 5.5 hereof involving all General Partners, the Limited Partners shall elect, by a Simple Majority Vote, a successor General Partner.