Common use of Voting Percentages Clause in Contracts

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.

Appears in 5 contracts

Samples: Point to Point Regional Transmission Service Participation Agreement, Point to Point Regional Transmission Service Participation Agreement, Point to Point Regional Transmission Service Participation Agreement

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