Simple Majority Vote Clause Samples
A Simple Majority Vote clause establishes that decisions or actions are approved when more than half of the eligible voting members agree. In practice, this means that if a group or committee has ten members, at least six must vote in favor for a proposal to pass. This clause applies to various organizational or board decisions, streamlining the approval process by setting a clear and easily attainable threshold. Its core function is to facilitate efficient decision-making while ensuring that a significant portion of the group supports any action taken.
POPULAR SAMPLE Copied 9 times
Simple Majority Vote. No action may be taken by the Partnership in connection with any of the matters listed on Schedule 5.1(i) without the prior approval of the Partnership Board, at a duly called meeting, of Representatives with voting power of more than fifty percent (50%) of the Voting Percentage Interests of all Partners whose Representatives are not required by Section 8.6 or any other express provision of this Agreement to abstain from such vote (a "Simple Majority Vote").
Simple Majority Vote. A “Simple-Majority Vote” of the Governing Board means a majority of the votes of the Members present constituting a quorum and voting.
Simple Majority Vote. A “Simple Majority Vote” of the Executive Board means at least 51% of the Members present constituting a quorum and voting, with each Member present and voting having one vote. (By way of example, if five Members of the Board are in attendance at a meeting and voting on an issue, a simple majority would be three affirmative votes. If four Members of the Board are in attendance at a meeting and voting on an issue, a simple majority of would be three affirmative votes).
Simple Majority Vote. 5.1(i) Required Majority Vote . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.1(j) Unanimous Vote . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.1(k) Unanimous Partner Vote . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.1(l) Temporary Investments Guidelines . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.7 -v- 7 EXHIBITS Exhibit Number ------- ------ Form of Amended and Restated Parent Undertaking . . . . . . . . . . . . . . . . . . . . . 1.10(a) Form of Parents Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.10(b) Form of Default Loan Promissory Note . . . . . . . . . . . . . . . . . . . . . . . . . . 2.4(c)(ii) Form of Partner Loan Promissory Note . . . . . . . . . . . . . . . . . . . . . . . . . . 2.7 Form of Amended and Restated Sprint Trademark License Agreement . . . . . . . . . . . . . 8.2 AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF MAJORCO, L.P., A DELAWARE LIMITED PARTNERSHIP This AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP is entered into as of the 31st day of January, 1996, by and among Sprint Spectrum, L.P., a Delaware limited partnership ("Sprint"), TCI Network Services, a Delaware general partnership ("TCI"), Comcast Telephony Services, a Delaware general partnership ("Comcast"), and Cox Telephony Partnership, a Delaware general partnership ("Cox"), each as a General Partner and a Limited Partner, pursuant to the provisions of the Delaware Revised Uniform Limited Partnership Act, on the following terms and conditions:
Simple Majority Vote. A “Simple Majority Vote” of the Joint Board means a majority of the votes of the Members present constituting a quorum and voting, with each Member present and voting having one vote.
Simple Majority Vote. 5.1(i) Required Majority Vote........................................ 5.1(j) Unanimous Vote................................................ 5.1(k) Unanimous Partner Vote........................................ 5.1(l) Temporary Investments Guidelines.............................. 5.7
Simple Majority Vote. Subject to the Corporations Act and clause 5.2, all decisions of the Board or the Shareholders must be made by Simple Majority Vote.