Common use of Majority of Owners Clause in Contracts

Majority of Owners. As used in these By-Laws, the term “majority of owners” shall mean those owners holding fifty-one percent (51%) of the votes in accordance with the proportions assigned in the Master Deed.

Appears in 2 contracts

Samples: Master Deed, Master Deed

AutoNDA by SimpleDocs

Majority of Owners. As used in these By-LawsBylaws, the term “majority of ownersmajorityshall mean means those owners Owners holding fifty-one more than 50 percent (51%) of the votes present, in accordance with the proportions assigned in the Master Deedperson or by proxy, at a Legal Meeting.

Appears in 2 contracts

Samples: Bylaws and Declaration of Covenants and Restrictions, Bylaws and Declaration of Covenants and Restrictions

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!