Common use of Meetings and Voting Clause in Contracts

Meetings and Voting. 8.4.1 The Operating Committee shall hold meetings every six months, at which each Party must have an authorized representative present (or at more frequent intervals as may be agreed by the Operating Committee). All meetings of the Operating Committee shall be held at AME's offices in Ankara or in such other places as the Parties may from time to time agree. Alternatively, meetings may be conducted or Parties may at their election attend meetings by telephone conference call. Operator shall call such meetings and shall give at least twenty (20) days notice of the time, date and place of each meeting, together with an agenda and a proposed resolution therefor. However, Operator shall use its reasonable best efforts to give at least forty (40) days notice for meetings which deal with operations and/or wells drilled under the Joint Operations. When calling a meexxxx, Operator shall as soon as is reasonably practicable thereafter, supply the Parties with copies of relevant data and information available to it relating to the matters on the agenda for such meeting. By notice to Operator, any Party can request that additional matters be placed on the agenda, and provided such notice is given at least seven (7) days before the date of the meeting, those matters will be placed on the agenda and considered by the Operating Committee. The representatives of all Parties may agree to consider a matter not on the agenda for such meeting. All items duly placed on the agenda must be voted on by the Operating Committee at the meeting. 8.4.2 The Operating Committee shall hold a special meeting upon the request of any Party. Such request shall be made by written notice to all the other Parties and shall state the matters to be considered at that meeting. Upon receiving such request, Operator shall, without delay, call a special meeting for a date not less than ten (10) nor more than twenty (20) days after receipt of the request, or such other date as may be agreed by all the Parties. 8.4.3 For any meeting of the Operating Committee, the notice period set forth above may be waived with the consent of all the Parties. 8.4.4 Any Party not represented at a meeting may vote on any matter on the agenda for such meeting by either: (i) appointing a proxy in writing; or (ii) giving written notice of such vote to Operator prior to the submission of such matter for vote at such meeting. 8.4.5 Except as otherwise expressly provided in this Agreement, all decisions, approvals and other actions of the Operating Committee on all proposals coming before it under this Agreement shall be decided by the affirmative vote of Parties owing in the aggregate Percentage Interests equating to more than fifty five percent (55%) of the aggregate Percentage Interests of all Parties entitled to vote. An abstention or refrain from voting shall be considered a negative vote, except as otherwise specifically provided in this Agreement in cases where failure to reply is deemed approval or an affirmative vote. Each Party is entitled to vote in proportion to the respective Percentage Interest held by it at the time the vote is taken.

Meetings and Voting. 8.4.1 The Operating Committee shall hold meetings every six months, at which each Party must have an authorized representative present Quarter (or at more frequent such other regular intervals as may be agreed by the Operating Committee). All meetings of the Operating Committee shall be held at AME's offices in Ankara or in such other places as the Parties may from time to time agree. Alternatively, meetings may be conducted or Parties may at their election attend meetings by telephone conference call. Operator shall call such meetings and shall give at least twenty fifteen (2015) days notice of the time, date and place of each meeting, together with an agenda and a proposed resolution therefor. However, Operator shall use its reasonable best efforts to give at least forty thirty (4030) days days' notice for meetings which deal with operations and/or wells drilled under the Joint Jxxxx Operations. When calling a meexxxxmeeting, Operator shall as soon as is reasonably practicable thereafter, supply the Parties with copies of relevant data and information available to it relating to the matters on the agenda for such meeting. By notice to Operator, any Party can request that additional matters be placed on the agenda, and provided such notice is given at least seven (7) days before the date of the meeting, those matters will be placed on the agenda and considered by the Operating Committee. The representatives of all Parties may agree to consider a matter not on the agenda for such meeting. All items duly placed on the agenda must be voted on by the Operating Committee at the meeting. 8.4.2 The Operating Committee shall hold a special meeting upon the request of any Party. Such request shall be made by written notice to all the other Parties and shall state the matters to be considered at that meeting. Upon receiving such request, Operator shall, without delay, call a special meeting for a date not less than ten seven (107) nor more than twenty ten (2010) days after receipt of the request, or such other date as may be agreed by all the Parties. 8.4.3 For any meeting of the Operating Committee, the notice period set forth above may be waived with the consent of all the Parties. 8.4.4 Any Party not represented at a meeting may vote on any matter on the agenda for such meeting by either: (i) appointing a proxy in writing; or (ii) giving written notice of such vote to Operator prior to the submission of such matter for vote at such meeting. 8.4.5 Except as otherwise expressly provided in this Agreement, all decisions, approvals and other actions of the Operating Committee on all proposals coming before it under this Agreement shall be decided by the affirmative vote of Parties owing in the aggregate Percentage Interests equating to more than fifty five seventy percent (5570%) of the aggregate Percentage Interests of all Parties entitled to vote. An abstention or refrain from voting shall be considered a negative vote, except as otherwise specifically provided in this Agreement in cases where failure to reply is deemed approval or an affirmative vote. Each Party is entitled to vote in proportion to the respective Percentage Interest held by it at the time the vote is taken.

Meetings and Voting. 8.4.1 The Operating Committee shall hold meetings every six months, at which each Party must have an authorized representative present months (or at more frequent such other regular intervals as may be agreed by the Operating Committee). All meetings of the Operating Committee shall be held at AME's offices in Ankara or in such other places as the Parties may from time to time agree. Alternatively, meetings may be conducted or Parties may at their election attend meetings by telephone conference call. Operator shall call such meetings and shall give at least twenty (20) days notice of the time, date and place of each meeting, together with an agenda and a proposed resolution therefor. However, Operator shall use its reasonable best efforts to give at least forty (40) days notice for meetings which deal with operations and/or wells drilled under the Joint Operations. When calling a meexxxx, Operator shall as soon as is reasonably practicable thereafter, supply the Parties with copies of relevant data and information available to it relating to the matters on the agenda for such meeting. By notice to Operator, any Party can request that additional matters be placed on the agenda, and provided such notice is given at least seven (7) days before the date of the meeting, those matters will be placed on the agenda and considered by the Operating Committee. The representatives of all Parties may agree to consider a matter not on the agenda for such meeting. All items duly placed on the agenda must be voted on by the Operating Committee at the meeting. 8.4.2 The Operating Committee shall hold a special meeting upon the request of any Party. Such request shall be made by written notice to all the other Parties and shall state the matters to be considered at that meeting. Upon receiving such request, Operator shall, without delay, call a special meeting for a date not less than ten (10) nor more than twenty (20) days after receipt of the request, or such other date as may be agreed by all the Parties. 8.4.3 For any meeting of the Operating Committee, the notice period set forth above may be waived with the consent of all the Parties. 8.4.4 Any Party not represented at a meeting may vote on any matter on the agenda for such meeting by either: : (i) appointing a proxy in writing; or or (ii) giving written notice of such vote to Operator prior to the submission of such matter for vote at such meeting. 8.4.5 Except as otherwise expressly provided in this Agreement, all decisions, approvals and other actions of the Operating Committee on all proposals coming before it under this Agreement shall be decided by the affirmative vote of Parties owing in the aggregate Percentage Interests equating to more than fifty five percent (55%) of the aggregate Percentage Interests of all Parties entitled to vote. An abstention or refrain from voting shall be considered a negative vote, except as otherwise specifically provided in this Agreement in cases where failure to reply is deemed approval or an affirmative vote. Each Party is entitled to vote in proportion to the respective Percentage Interest held by it at the time the vote is taken.