Common use of Voting rules and quorum Clause in Contracts

Voting rules and quorum. 6.2.3.1 Each Consortium Body shall not deliberate and decide validly unless two-thirds (2/3) of its Members are present or represented (quorum). 6.2.3.2 Each Member of a Consortium Body present or represented in the meeting shall have one vote. 6.2.3.3 Defaulting Parties may not vote Decisions shall be taken by a majority of two-thirds (2/3) of the votes.

Appears in 1 contract

Samples: Consortium Agreement

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Voting rules and quorum. 6.2.3.1 Each Consortium Body shall not deliberate and decide validly unless two-thirds (2/3) of its Members are present or represented (quorum). 6.2.3.2 Each Member of a Consortium Body present or represented in the meeting shall have one vote. 6.2.3.3 Defaulting Parties may not vote Decisions shall be taken by a majority of two-thirds (2/3) of the votes.

Appears in 1 contract

Samples: Consortium Agreement

Voting rules and quorum. 6.2.3.1 Each Consortium Body shall not deliberate and decide validly unless two-thirds (2/3) of its Members are present or represented (quorum). 6.2.3.2 Each Member of a Consortium Body present or represented in the meeting shall have one vote. 6.2.3.3 Defaulting Parties may not vote Decisions vote. While the consortium will always strive to reach unanimous decisions, decisions shall be taken by a majority of two-thirds (2/3) of the votesvote.

Appears in 1 contract

Samples: Consortium Agreement

Voting rules and quorum. 6.2.3.1 Each Consortium Body shall not deliberate and decide validly unless two-thirds (2/3) of its Members are present or represented (quorum). 6.2.3.2 Each Member of a Consortium Body present or represented in the meeting shall have one vote. 6.2.3.3 Defaulting Parties may not vote Decisions vote. 6.2.3.4 In the Supervisory Board, decisions shall be taken by a simple majority of two-thirds (2/350% + 1) of the votesvotes cast.

Appears in 1 contract

Samples: Consortium Agreement

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Voting rules and quorum. 6.2.3.1 Each Consortium Body shall not deliberate and decide validly unless two-thirds (2/3) of its Members are present or represented (quorum). 6.2.3.2 Each Member of a Consortium Body present or represented in the meeting shall have one vote. 6.2.3.3 Defaulting Parties may not vote Decisions shall be taken by a majority of two-thirds (2/3) of the votesvote.

Appears in 1 contract

Samples: Consortium Agreement

Voting rules and quorum. 6.2.3.1 Each Consortium Body shall not deliberate and decide validly unless two-thirds (2/3) of its Members are present or represented (quorum). 6.2.3.2 Each Member of a Consortium Body present or represented in the meeting shall have one vote. 6.2.3.3 Defaulting Parties may not vote vote. 6.2.3.4 Decisions shall be taken by a simple majority of two-thirds (2/3) of the votes.

Appears in 1 contract

Samples: Consortium Agreement

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