Quorum and Voting Requirements. In order for a meeting of the Technical Committee to be validly installed, more than 50% (fifty percent) of its members or their respective alternates shall be present at the meeting, and each resolution thereof shall be adopted by the favorable vote of more than 50% (fifty percent) of the members of the Technical Committee (or their respective alternates) that are present and cast their vote on such resolution (which, for the avoidance of doubt, excludes abstaining members of the Technical Committee). Each member (or their alternate) entitled to vote on a resolution shall be entitled to one vote.
Appears in 4 contracts
Samples: Irrevocable Trust Agreement, Irrevocable Trust Agreement, Irrevocable Trust Agreement
