Common use of Special Voting Requir ements Clause in Contracts

Special Voting Requir ements. In order to amend the Bylaws, except as‌ provided in Article 19 with respect to the board of directors, two-thirds (2/3) of the Industry Sector votes cast shall be required to approve the proposed amendment. The substance of the proposed amendment must be contained in the notice of the meeting at which the vote will be taken; provided that, the Members may modify a proposed bylaw amendment at the meeting. Two-thirds (2/3) of the Industry Sector votes cast shall be required to approve any proposal to terminate the Corporation. To the extent practicable, all Member votes may be held electronically under such terms and conditions as are approved by the Board.

Appears in 3 contracts

Samples: Delegation Agreement, Delegation Agreement, Delegation Agreement

AutoNDA by SimpleDocs

Special Voting Requir ements. In order to amend the Bylaws, except as‌ as provided in Article 19 with respect to the board of directors, two-thirds (2/3) of the Industry Sector votes cast shall be required to approve the proposed amendment. The substance of the proposed amendment must be contained in the notice of the meeting at which the vote will be taken; provided that, the Members may modify a proposed bylaw amendment at the meeting. Two-thirds (2/3) of the Industry Sector votes cast shall be required to approve any proposal to terminate the Corporation. To the extent practicable, all Member votes may be held electronically under such terms and conditions as are approved by the Board.

Appears in 1 contract

Samples: Delegation Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.