General; Majority Voting Sample Clauses
The 'General; Majority Voting' clause establishes that decisions within a group or governing body are made based on the approval of a majority of its members. In practice, this means that when a vote is required—such as for board resolutions or committee actions—the outcome is determined by more than half of the votes cast, regardless of the total number of participants. This clause ensures efficient and democratic decision-making by preventing deadlocks and allowing the group to act even if unanimous agreement is not possible.
General; Majority Voting. On all matters requiring the vote or action of the Board, any action undertaken by the Board must be authorized by the affirmative vote of (i) one or more Directors that are entitled to vote at least a majority of the Ownership Percentages except as otherwise provided in Section 8.04(c) with respect to Affiliate Transactions or (ii) at a Quorum Failure Meeting, all Directors present at such meeting except that any Affiliate Transactions shall only require the approval of the Directors present at such meeting who are not Representatives of the Interested Member.
General; Majority Voting. Each Director shall be entitled to one vote. On all matters requiring the vote or action of the Board, but excluding any matter otherwise expressly set forth in this Agreement, any action undertaken by the Board must be authorized by the affirmative vote of at least a majority of Directors at any meeting at which a quorum is present.
General; Majority Voting. Each Director shall be entitled to one vote. On all matters requiring the vote or action of the Board, but excluding any matter otherwise expressly set forth in this Agreement and, until the IPO Date, those set forth in Section 9.04(b), any action undertaken by the Board must be authorized by the affirmative vote of at least a majority of Directors, including, until the IPO Date, the affirmative vote of each of the ▇▇▇▇▇ Representative and the NGL Holdings Representative, at any meeting at which a quorum is present; provided, that, if either the ▇▇▇▇▇ Group or NGL Holdings loses its right to designate a Representative pursuant to Section 9.02(b)(iv), then the affirmative vote of the Representative appointed by such Member shall not be required to take any action of the Board; provided further, that, the affirmative vote of each of the ▇▇▇▇▇ Representative and the NGL Holdings Representative is not required to approve matters described in Section 9.04(c) to the extent such vote would not otherwise be required to constitute the affirmative vote of at least a majority of disinterested Directors.