Common use of Binding Act Clause in Contracts

Binding Act. Each Director shall have one vote on all matters submitted to the Board or any committee thereof. The Board shall take action by the affirmative vote of a majority of the Directors present at a duly held meeting.

Binding Act. Each Director shall have one vote on all matters submitted to the Board or Board. With respect to any committee thereof. The Board shall take action by matter before the affirmative vote Board, the act of a majority of the Directors present at constituting a duly held meetingquorum shall be the act of the Board.