Decisions. Each Participant, acting through its appointed members in attendance at the meeting, shall have the votes on the Management Committee in proportion to its Participating Interest. All decisions of the Management Committee shall be decided by a simple majority vote of the Participating Interests such that, by way of example and for greater clarity, the vote of a party holding a Participating Interest greater than fifty percent (50%) is a simple majority vote which would be effective to make the decision of the Management Committee. The Manager shall be entitled to break all tie votes with a second or casting vote.
Appears in 3 contracts
Samples: Equity Participation and Earn in Agreement (Entree Gold Inc), Equity Participation and Earn in Agreement (Entree Gold Inc), Equity Participation and Earn in Agreement (Entree Gold Inc)
Decisions. Each Participant, acting through its appointed members in attendance at the meetingmember, shall have the votes on the Management Committee Committee, in proportion to its Participating Interest. All decisions of the Management Committee shall be decided by a simple majority vote of the Participating Interests such that, by way of example and for greater clarityUnless otherwise provided in this Agreement, the vote of a party holding Participant with a Participating Interest greater than fifty percent (50%) is a simple majority vote which would be effective to make shall determine the decision decisions of the Management Committee. The In the event of a tie vote, the Participant designated as Manager shall be entitled to break all tie votes with a second or casting votehave the deciding vote of the Management Committee.
Appears in 3 contracts
Samples: Mineral Property Option Agreement (Revelstoke Industries, Inc.), Mineral Property Option and Joint Venture Agreement (Finmetal Mining Ltd.), Mineral Property Option Agreement (Amarc Resources LTD)
Decisions. Each Participant, acting through its appointed members in attendance at the meetingmembers, shall have the votes on the Management Committee Committee, in proportion to its Participating Interest. All decisions of the Management Committee shall be decided by a simple majority vote of the Participating Interests such that, by way of example and for greater clarityUnless otherwise provided in this Agreement, the vote of a party holding Participant with a Participating Interest greater than fifty percent (50%) is a simple majority vote which would be effective to make shall determine the decision decisions of the Management Committee. The In the event of a tie vote, the Participant designated as Manager shall be entitled to break all tie votes with a second or casting votehave the deciding vote of the Management Committee, after considering the legitimate concerns of the other Participant.
Appears in 2 contracts
Samples: Venture Agreement (New Jersey Mining Co), Mill Venture Agreement (New Jersey Mining Co)
Decisions. Each Participant, acting through its appointed members member(s) in attendance at the meeting, shall have the votes on the Management Committee in proportion to its Participating Interest. All decisions of the Management Committee shall be decided by a simple majority vote of the Participating Interests such that, by way of example and for greater clarityUnless otherwise provided in this Agreement, the vote of a party holding the Participant with a Participating Interest greater than over fifty percent (50%) is a simple majority vote which would be effective to make shall determine the decision decisions of the Management Committee. The Manager In the case of any tie vote, the vote of Borealis shall be entitled to break all tie votes with a second or casting votedetermine the decisions of the Management Committee.
Appears in 2 contracts
Samples: Agreement (Gryphon Gold Corp), Agreement (Golden Phoenix Minerals Inc /Mn/)
Decisions. Each ParticipantMember, acting through its appointed members member(s) in attendance at the meeting, shall have the votes on the Management Committee in proportion to its Participating Ownership Interest. All Unless otherwise provided in this Agreement, decisions of the Management Committee shall be determined by the vote of a majority of the Ownership Interests. If a majority vote is not reached, the decision of the Management Committee shall be decided by a simple majority vote of the Participating Interests such that, by way of example and for greater clarity, the vote of a party holding a Participating Interest greater than fifty percent (50%) is a simple majority vote which would be effective to make the decision of the Management Committee. The Manager shall be entitled to break all tie votes with a second or casting voteManager.
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Decisions. Each ParticipantMember, acting through its appointed members in attendance at the meetingmembers, shall have the votes a vote on the Management Committee in proportion equal to its Participating Interest, unless otherwise provided in this Agreement. All Each Member's vote may be exercised by a Manager appointed by the Member or, in his absence, by his alternate. Except as specifically provided below, decisions of made by the Management Committee shall be decided by a simple majority vote of the Participating Interests such that, by way of example and for greater clarity, the vote of a party holding a Participating Interest greater than fifty percent (50%) is a simple majority vote which would be effective to make the decision of the Management Committee. The Manager shall be entitled to break all tie votes with a second or casting vote.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Minera Andes Inc /Wa)
Decisions. Each Participant, acting through its appointed members member in attendance at the a meeting, shall have the votes on the Management Committee in proportion to its Participating Interest. All decisions of the Management Committee shall be decided by a simple majority vote of the Participating Interests such that, by way of example and for greater clarityUnless otherwise provided in this Agreement, the vote of a party holding the Participant with a Participating Interest greater than fifty percent (over 50%) is a simple majority vote which would be effective to make % shall determine the decision decisions of the Management Committee. The Manager In the event that both Participants hold a 50% Participating Interest, then that Participant that is the Operator shall be entitled to break all tie votes with have a second or casting vote.
Appears in 1 contract
Samples: Joint Venture Agreement
Decisions. Each Participant, acting through its appointed members in attendance at the meetingmembers, shall have the votes on the Management Committee Committee, in proportion to its Participating Interest. All decisions of the Management Committee shall be decided by a simple majority vote of the Participating Interests such that, by way of example and for greater clarityUnless otherwise provided in this Agreement, the vote of a party holding Participant with a Participating Interest greater than fifty percent (50%) is a simple majority vote which would be effective to make shall determine the decision decisions of the Management Committee. The In the event of a tie vote, the Participant designated as Manager shall be entitled to break all tie votes with a second or casting votehave the deciding vote of the Management Committee; provided, however that when voting on programs and budgets the Manager shall first consider the legitimate concerns of the non-manager Participant.
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Decisions. Each Participant, acting through its appointed members in attendance at the meeting, member shall have the votes a vote on the Management Committee in proportion equal to its Participating Interest. All decisions of the Management Committee shall be decided by a simple majority vote of the Participating Interests such thatInterests. The members or the alternate members; as the case may be, by way of example and for greater clarity, shall be authorized to bind the vote of a party holding a Participating Interest greater than fifty percent (50%) is a simple majority vote which would be effective to make the decision Participants at all meetings of the Management Committee. The Manager shall be entitled to break all tie votes with a second or casting vote.
Appears in 1 contract
Samples: Property Option Agreement
Decisions. Each Participant, acting through its appointed members in attendance at the meetingmembers, shall have the votes has a vote on the Management Committee in proportion equal to its Participating Interest. All decisions of the Management Committee shall be are decided by a simple majority vote of the Participating Interests such that, by way of example and for greater clarity, the vote of a party Participant holding a Participating Interest greater than fifty percent (50%) % is a simple majority vote which would be effective to make the decision of the Management Committee. The Manager shall be entitled to break all tie votes with a second or casting vote.
Appears in 1 contract
Samples: Joint Venture Agreement