Common use of Majority of Owners Clause in Contracts

Majority of Owners. As used in these Bylaws, the term “majority” means those Owners holding more than 50 percent of the votes present, in person 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

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Majority of Owners. As used in these BylawsBy-Laws, the term “majoritymajority of ownersmeans shall mean those Owners owners holding more than 50 fifty-one percent (51%) of the votes present, in person or by proxy, at a Legal Meetingaccordance with the proportions assigned in the Master Deed.

Appears in 2 contracts

Samples: Master Deed, Master Deed

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