Voting Percentages Sample Clauses
The Voting Percentages clause defines the specific proportion of votes required for a decision to be approved within a group or organization. Typically, this clause outlines whether a simple majority, supermajority, or unanimous consent is necessary for various types of resolutions, such as board decisions or shareholder actions. By clearly establishing the threshold for approval, the clause ensures transparency in the decision-making process and helps prevent disputes over the validity of outcomes.
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Voting Percentages. 4.4.2.1 Except as provided in Section 4.4.2.2, the STP Management Committee shall vote on decision items only upon the establishment of a quorum, which shall equal 50% + 1 of the Parties. Once a quorum has been established, the approval of any decision item that falls within this Section 4.4.2.1 shall require the affirmative vote of 80% or more of the Committee Representatives present in person or by conference telephone.
4.4.2.2 STP Management Committee approval of (i) the annual scope of work for the services to be provided to SWAT, CCPG and other relevant STP efforts in the WestConnect Footprint, (ii) adoption of a new or revised budget developed pursuant to Section 6.2, (iii) election of the Chairman, (iv) contracts for project management, technical writing, transmission planning and secretarial/communications services as described in Section 3, (v) appointment of agents pursuant to Section 4.3.3, or (vi) termination of this STP Project Agreement, shall require the affirmative vote of 80% or more of all STP Management Committee Representatives.
Voting Percentages. (i) Following the initial distribution of shares of Class B Common Stock so that the number of outstanding shares exceeds 360,000 shares (the “Distribution”) until the total number of shares of Class B Common Stock thereafter outstanding shall first fall below 360,000 shares (the “Initial Trigger Event”), the Class A Percentage shall be 22% and the Class B Percentage shall be 78%.
(ii) From and after the occurrence of an Initial Trigger Event but prior to a Final Trigger Event, the Class A Percentage shall be increased based on the number of shares of Class B Common Stock then issued and outstanding as follows:
(A) if, on the record date for any matter to be voted upon, or consented to, by the holders of Common Stock as provided in clauses (a) and (b) above, the number of outstanding shares of Class B Common Stock is less than 360,000 shares but greater than 280,000 shares, then the Class A Percentage shall thereafter be equal to 40% and the Class B Percentage shall be 60%; and
(B) if, on the record date for any matter to be voted upon, or consented to, by the holders of Common Stock as provided in clauses (a) and (b) above, the number of outstanding shares of Class B Common Stock is less than 280,000 shares but greater than 100,000 shares, then the Class A Percentage shall thereafter be equal to 53% and the Class B Percentage shall be 47%.
(iii) Notwithstanding the foregoing nor anything else herein to the contrary, until the occurrence of a Final Trigger Event: (A) at no time shall the Class A Percentage be reduced or the Class B Percentage be increased as a result of a change in the number of shares of Class B Common Stock outstanding other than through the operation of subparagraph (f) below; and (B) the Class A Percentage shall never be greater than 53% and the Class B Percentage shall never be less than 47%.
Voting Percentages. (i) Except as provided in Section 3.4(h), the Management Committee shall vote on decision items only upon the establishment of a quorum, which shall equal at least fifty- one (51) percent of the Committee Representatives or their designated alternates. Once a quorum has been established, the approval of any decision item other than those indicated in clause (ii) of this Section shall require the affirmative vote of eighty (80) percent or greater of the Committee Representatives present in person or by conference telephone.
(ii) Management Committee approval of (A) election of the Chairperson, (B) appointment of the Billing Agent, or (C) termination or modification of this Agreement, shall require the affirmative vote of eighty (80) percent or greater of all Committee Representatives.
Voting Percentages. 41 Exhibit A Schedule of Stockholders Exhibit B Registration Rights THIS STOCKHOLDERS' AGREEMENT dated as of December 21, 1995, by and among GMH Holdings, Inc., a Delaware corporation (the "Company"), and each other party executing this Agreement or a counterpart hereof (hereinafter referred to collectively as "Stockholders" and individually as a "Stockholder").
Voting Percentages. Whenever any provision in this Agreement provides for a specified percentage of Voting Shares to authorize or approve any action, such percentage shall be calculated as if all Warrants had been exercised and all shares convertible into Voting Shares had been converted. In addition, each member of the RFE Group hereby grants to Bulldog the right to vote 29.1667% of the Series B Preferred Shares and/or Class C Common Shares held by it as if it were the record and beneficial owner thereof; provided, however, that the rights granted to Bulldog under this sub-paragraph (i) shall not affect the calculation of the number of Voting Shares owned by any member of the RFE Group for purposes of any other provision of this Agreement; and provided, further, that if Bulldog distributes the Series B Preferred Shares or Class C Common Shares owned by it, the voting rights granted in this sub-paragraph (i) shall cease to apply.
Voting Percentages. In determining whether a required percentage or ------------------ amount of Registrable Securities has been met under this Agreement, the amount required shall be calculated on the basis of the aggregate value of outstanding Registrable Securities. For purposes of this Agreement, the value of each Conversion Share shall be the average closing market price per share of the Common Stock on the thirty (30) most recent Trading Days prior to the valuation date.
Voting Percentages. Notwithstanding any provisions in this Agreement to the contrary, the Parties agree that for the purposes of voting any matter for which approval of the Parties is required under this Agreement, each of the Parties shall have the following Voting Percentage: 140 Belle ▇▇▇▇ LLC 60.00% ▇▇▇▇-▇▇▇▇▇▇▇ Holdings, Inc. 40,00% TOTAL 100.00% The Parties further agree that if and to the extent any adjustment is made in the Ownership Interest of a Party in the Premises or his LLC pursuant to the provisions of this Agreement, the Voting Percentage of the Parties shall be adjusted accordingly.
Voting Percentages. Resolutions and decisions of the Consumers will be valid only as long as they are issued and approved by a majority vote of 51% of Consumers attending or represented in person or by means of a proxy in writing at a Consumer meeting that is truly carried out.