Quorum and Approval. Unless otherwise provided herein, voting requires the participation, in person or by proxy, of a quorum of 25% of the Voting Class(es) entitled to vote on the issue. If such a quorum is present, the subject of the vote is deemed approved upon the affirmative vote of a simple majority of the GAIN POC Members so present and entitled to vote (50% plus 1).
Appears in 30 contracts
Samples: Gain Proof of Concept Community Group Participation Agreement, Gain Proof of Concept Community Group Participation Agreement, Participation Agreement
