Common use of First Ballot Clause in Contracts

First Ballot. On the first ballot, candidates receiving the highest number of votes, up to the number of Directors to be elected, shall be elected as Directors, provided that, to be elected, a candidate shall have received a sufficient number of votes to reach the applicable Minimum Percentage.

Appears in 13 contracts

Samples: bphn.go.id, Asian Infrastructure Investment Bank, Articles of Agreement

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