Majority Action. The term “Majority Action,” when used in reference to the Board of Directors, means an action taken by the affirmative vote of a majority of the entire number of members of the Board of Directors.
Majority Action. The action of a majority of the members expressed from time to time by a vote in a meeting or in writing without a meeting shall constitute the action of the Committee and shall have the same effect for all purposes as if assented to by all members of the Committee at the time in office.
Majority Action. Every action or decision done or made by a majority of the Directors present at any meeting duly held at which a quorum is present is the act of the Board of Directors. Each Director who is present at a meeting will be conclusively presumed to have assented to the action taken at such meeting unless his dissent to the action is entered in the minutes of the meeting. Such right to dissent shall not apply to a Director who voted in favor of such action.
Majority Action. Every act or decision done or made by a majority of the Board present at any meeting duly held at which a quorum is present shall be the act of the Board.
Majority Action. The term "Majority Action", with respect to any group of shareholders of the Company having the power to act under this Agreement in such manner with respect to any matter, means those Shareholders in such group holding Common Shares that have at least a majority of the voting power of the Common Shares held by all Shareholders included in such group.
Majority Action. 17 (d) Signatures....................................................................... 17 Section 8. Exclusive Benefit Rule................................................................ 17 (a) Contributions Conditional upon Tax Deductibility................................. 17 (b) Detrimental Tax Effect or Contributions by Mistake............................... 17 (c) Repayments....................................................................... 18 EXECUTION............................................................................................ 19
Majority Action. The Trustee shall act by a majority of its fiduciary --------------- committee at the time in office, and such action may be taken either by vote at a meeting or in writing without a meeting.
Majority Action. Except as specifically provided in Section 4.4, all decisions required to be made by the Managers shall require majority Vote of the Managers. All such decisions may be made with or without a meeting and the Managers may act in person, by
Majority Action. Except where there has been an allocation and delegation of powers, if there shall be more than one Trustee, they shall act by a majority of their number, but may authorize one or more of them to sign papers on their behalf.
Majority Action. Any action taken by the Investment Committee shall be by a majority of the members thereof. The Investment Committee may act by voting at a meeting or by writing without a meeting. Any action of the Investment Committee shall be sufficiently evidenced if it is certified thereto by any member thereof or by the secretary thereof.
