Common use of Member Supermajority Vote Clause in Contracts

Member Supermajority Vote. A Supermajority Vote of the Members, as defined by Article I, section 1.1(p) is required for the following business of the Authority: • rescission or termination of this Agreement as provided for in Article IX, section 9.1; • amendment of this Agreement as provided for in Article X, section 10.1; • amendments to the annual budget, consistent with Article V; • decisions concerning property acquisition and ownership; • decisions related to the expenditure or reimbursement of funds by the Authority beyond expenditures approved in the Authority’s annual budget, and concerning contracts exceeding monetary thresholds previously determined by the Board; • adoption of Authority rules, regulations, policies, ordinances, bylaws and procedures, and any amendments thereto; • decisions related to the establishment of the Members’ funding obligations for payment of the Authority’s operating and administrative costs; • initiation or resolution of litigation or claims against the Authority; and • assignment or delegation of the rights and duties of the Members as provided for in Article X, section 10.2.

Member Supermajority Vote. A Supermajority Vote of the Members, as defined by Article I, section 1.1(p) is required for the following business of the Authority: • approval or removal of new Members as provided for in Article IV, section 4.2(1); • rescission or termination of this Agreement as provided for in Article IX, section 9.1; • amendment of this Agreement as provided for in Article X, section 10.1; • amendments to the annual budget, consistent with Article V5; • decisions concerning property acquisition and ownership; • decisions related to the expenditure or reimbursement of funds by the Authority beyond expenditures approved in the Authority’s annual budget, and concerning contracts exceeding monetary thresholds previously determined by the Board; • adoption of Authority rules, regulations, policies, ordinances, bylaws and procedures, and any amendments thereto; • decisions related to the establishment of the Members’ funding obligations for payment of the Authority’s operating and administrative costs; • initiation or resolution of litigation or claims against the Authority; and • assignment or delegation of the rights and duties of the Members as provided for in Article X, section 10.2.