Decisions of the. Arbitral Tribunal shall be taken by a majority vote of its members and shall be final and binding on the Parties to the dispute.
Decisions of the. Executive Committee shall be reached by a majority of the Members present and voting. In the event of a tie, the Chairman shall exercise a casting vote.
Decisions of the. SalesCo Board of Directors The SalesCo Board of Directors shall make decisions on behalf of the SalesCo on all matters relating to the SalesCo, and not otherwise reserved to the SalesCo General Meeting or the SalesCo Supervisory Board by the SalesCo Articles of Association, this Agreement or by Slovak law. Any two (2) Members of the SalesCo Board of Directors shall have the authority to bind SalesCo, in each case by attaching their signatures to the respective document. The SalesCo Board of Directors shall be able to adopt a decision in any matter with a quorum of at least four (4) Members of the SalesCo Board of Directors. In the event that at least four
Decisions of the. PROJECT TEAM shall be reflected in the approved minutes. Meeting minutes shall be prepared jointly by the PROJECT MANAGERS to record all issues discussed and decisions. Minutes that have not been objected to in writing by a Party within six (6) business days of receipt thereof shall be deemed approved by such Party and followed by issuance of two (2) copies of the minutes duly executed by the Parties' PROJECT MANAGER. [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF THE SECURITIES ACT OF 1933, AS AMENDED.
Decisions of the. Andean Council of Foreign Ministers or of the Commission and Resolutions of the General Secretariat shall be directly applicable in Member Countries as of the date they are published in the Official Gazette of the Agreement, unless they indicate a later date.
Decisions of the. College Board shall be determined by a majority vote of members participating in a meeting provided at least one representative of the Training Provider is in attendance. Members may designate an alternate representative who shall have full voting powers and members, or such alternates, may attend by videoconference or by conference phone facility.
Decisions of the. Umpire shall not be precedent setting and shall be made within fourteen
Decisions of the. OPC shall be made unanimously through consultation. All decisions made unanimously shall be deemed as formal decisions and shall be equally binding upon the Parties. When matters arise on which agreement cannot be reached, the Parties may convene another meeting as soon as possible in an attempt to find a new solution thereto based on the principle of mutual benefit. The Parties shall work diligently, constructively and in good faith throughout to reach unanimous decisions at the OPC.
Decisions of the. Parties concerning the uniform exercise of voting rights with respect to the Pooled Shares (each a "POOL DECISION" and together, the "POOL DECISIONS") require such majority as is necessary according to applicable law or SAP's by-laws for the relevant shareholders' meeting. If SAP's by-laws or applicable law require a majority that exceeds a simple majority and such majority is not reached on the first vote, a second vote shall take place. On such second vote the Pool Decision shall be made by a simple majority. The foregoing is subject to the understanding that the Parties have one vote for each of the Pooled Shares. If and to the extent a Party is excluded from voting in the annual shareholders' meeting of SAP, such Party shall be excluded from voting with respect to a Pool Decision.
Decisions of the parties concerning the uniform exercise of voting rights with respect to the Pooled Shares require such majority as are necessary according to law or SAP's by- laws for the relevant resolutions of the shareholders set forth on the agenda of the relevant shareholders' meeting. In the event that according to SAP's by-laws or to law a majority higher than a simple majority is required and such higher majority is not reached on the first vote, a second vote shall be taken. On such second vote, the decision shall be made by simple majority. The above is subject to the understanding that the parties, irrespective of the nominal value of their respective Pooled Shares held by them, each DM 5, have one vote. If and to the extent a party is excluded from voting in the shareholders' meeting, such party shall be excluded from voting in a Meeting as well.
