Common use of Option for Approval by Voting Shares Clause in Contracts

Option for Approval by Voting Shares. Notwithstanding Section 4.7.3, any Director present at a meeting may demand that approval of any matter related to the CCA Program be determined on the basis of voting shares and by the affirmative vote of a majority of Directors present at the meeting. If a Director makes such a demand with respect to approval of any such matter, then approval of such matter shall require the affirmative vote of a majority of Directors present at the meeting and the affirmative vote of Directors having a majority of voting shares of the Directors present at the meeting, as determined by Section 4.7.1 except as provided in Section 4.7.5.

Option for Approval by Voting Shares. Notwithstanding Section 4.7.33.7.3, any Director present at a meeting may demand that approval of any matter related to the CCA Program be determined on the basis of both voting shares and by the affirmative vote of a majority of Directors present at the meeting. If a Director makes such a demand with respect to approval of any such matter, then approval of such matter shall require the affirmative vote of a majority of Directors present at the meeting and the affirmative vote of Directors having a majority of voting shares of the Directors present at the meetingpresent, as determined by Section 4.7.1 3.7.1 except as provided in Section 4.7.53.7.5.

Option for Approval by Voting Shares. Notwithstanding Section 4.7.33.17.3, any Director two (2) Directors present at a meeting may demand that approval of any matter related to the CCA Program be determined on the basis of voting shares both Weighted Voting Shares and by the affirmative vote of a majority of Directors present at the meeting. If a Director makes two Directors make such a demand with respect to approval of any such matter, then approval of such matter shall require the affirmative vote of a majority of Directors present at the meeting and the affirmative vote of Directors having a majority of voting shares of the Directors present at the meetingWeighted Voting Shares present, as determined by Section 4.7.1 3.17.1 except as provided in Section 4.7.53.17.5.

Option for Approval by Voting Shares. Notwithstanding Section 4.7.33.7.3, any Director two (2) Directors, each appointed from a different member agency, present at a meeting may demand that approval of any matter related to the CCA CCE Program be determined on the basis of both voting shares and by the affirmative vote of a majority of Directors present at the meeting. If a Director two Directors makes such a demand with respect to approval of any such matter, then approval of such matter shall require the affirmative vote of a majority of Directors present at the meeting and the affirmative vote of Directors having a majority of voting shares of the Directors present at the meetingpresent, as determined by Section 4.7.1 3.7.1 except as provided in Section 4.7.53.7.5.