Majority Required Sample Clauses

Majority Required. Except as otherwise provided and delegated to the Officers or Managers, a majority of the Members, based upon their percentage ownership, is required for any action.
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Majority Required. When a quorum is present at any meeting, the vote of the holders of a majority of the voting power present and voting shall decide any question brought before the meeting, unless an express provision of a statute or of the articles of incorporation requires a different vote. If a meeting commenced with a quorum, business may continue until adjournment of the meeting notwithstanding the withdrawal or temporary absence of sufficient shares to reduce the number present to less than a quorum; provided that the affirmative vote must be such as would constitute a majority if a quorum were present.
Majority Required. A majority of the votes of members present (in person or by proxy) at a meeting at which a quorum is present shall be sufficient for the transaction of all business of the Association except on matters where a greater vote is required by the Declaration, the Articles of Incorporation, the By-Laws or by statute.
Majority Required. All motions before the Board of Directors shall require a majority vote to pass, and any tie vote shall result in the defeat of any motion; provided, however, that any motion or act, including, without limitation, any budget item, that proposes to spend more than Fifteen Thousand Dollars ($15,000) shall require the support of not less than six (6) members of the Board of Directors.
Majority Required. A resolution proposed at any meeting of the Board of Directors shall be deemed adopted if approved by a majority of the Directors present when such resolution is put to a vote, entitled to vote thereon and voting thereon.
Majority Required. Any action taken by the administrative board pursuant to this Agreement, except as otherwise provided, shall be by at least a majority of a quorum of the members. A quorum is a majority of the total number of the members of the administrative board.
Majority Required. Except as otherwise required, a majority vote of the Members if required for any action.
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Majority Required. The members shall take action by the affirmative vote of the owners of a majority of the voting power of the membership units present and entitled to vote on that item of business except where the Minnesota Limited Liability Company Act or the Articles of Organization require a larger proportion.

Related to Majority Required

  • Control by Majority Holders of a majority in principal amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes or that may involve the Trustee in personal liability.

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