Voting Shares Vote. In addition to and immediately after an affirmative percentage vote three or more Directors may request that a vote of the voting shares shall be held. In such event, the corresponding voting shares, as described in section 4.10.3, of all Directors voting in order to take an action shall exceed 50%, or such other higher voting shares percentage expressly required by this Agreement or the Operating Policies and Procedures of all Directors who are present at the subject meeting. All votes taken pursuant to this Section 4.10.2 shall be referred to as a voting shares vote. In the event that any one Director has a voting share that equals or exceeds that which is necessary to disapprove the matter being voted on by the Board, at least one other Director shall be required to vote in the negative in order to disapprove such matter. When a voting shares vote is held, action by the Board requires both an affirmative percentage vote and an affirmative voting shares vote.
Appears in 4 contracts
Samples: Joint Powers Agreement, Joint Powers Agreement, Joint Powers Agreement
Voting Shares Vote. In addition to and immediately after an affirmative percentage vote three vote, two or more Directors may request that a vote of the voting shares shall be held. In such event, the corresponding voting shares, shares (as described in section 4.10.3, Section 4.9.2 and Exhibit D) of all Directors voting in order to take an action the affirmative shall exceed 50%, or such other higher voting shares percentage expressly required by this Agreement or the Operating Policies Rules and Procedures Regulations, of all Directors who are present at on the subject meetingentire Board. All votes taken pursuant to this Section 4.10.2 4.9.2 shall be referred to as a voting shares vote. In the event that any one Director has a voting share that equals or exceeds that which is necessary to disapprove the matter being voted on by the Board, at least one other Director shall be required to vote in the negative in order to disapprove such matter. When a voting shares vote is held, action by the Board requires both an affirmative percentage vote and an affirmative voting shares vote.
Appears in 3 contracts
Samples: Joint Powers Agreement, Joint Powers Agreement, Joint Powers Agreement
Voting Shares Vote. In addition to and immediately after an affirmative percentage vote three vote, two or more Directors may request that that, a vote of the voting shares shall be held. In such event, the corresponding voting shares, shares (as described in section 4.10.3, Section 1.1.20 and Exhibit C) of all Directors voting in order to take an action the affirmative shall exceed 50%, or such other higher voting shares percentage expressly required by this Agreement or the Operating Policies Rules and Procedures Regulations, of all Directors who are present at on the subject meetingentire Board. All votes taken pursuant to this Section 4.10.2 shall be referred to as a voting shares vote. In the event that any one Director has a voting share that equals or exceeds that which is necessary to disapprove the matter being voted on by the Board, at least one other Director shall be required to vote in the negative in order to disapprove such matter. When a voting shares vote is held, action by the Board requires both an affirmative percentage vote and an affirmative voting shares vote.
Appears in 2 contracts
Samples: Joint Powers Agreement, Joint Powers Agreement
Voting Shares Vote. In addition to and immediately after an affirmative percentage vote three vote, two or more Directors may request that that, a vote of the voting shares shall be held. In such event, the corresponding voting shares, shares (as described in section 4.10.3, Section 4.9.2 and Exhibit D) of all Directors voting in order to take an action the affirmative shall exceed 50%, or such other higher voting shares percentage expressly required by this Agreement or the Operating Policies Rules and Procedures Regulations, of all Directors who are present at on the subject meetingentire Board. All votes taken pursuant to this Section 4.10.2 4.9.2 shall be referred to as a voting shares vote. In the event that any one Director has a voting share that equals or exceeds that which is necessary to disapprove the matter being voted on by the Board, at least one other Director shall be required to vote in the negative in order to disapprove such matter. When a voting shares vote is held, action by the Board requires both an affirmative percentage vote and an affirmative voting shares vote.
Appears in 2 contracts
Samples: Joint Powers Agreement, Joint Powers Agreement
Voting Shares Vote. In addition to and immediately after an affirmative percentage vote three or more Directors may request that a vote of the voting shares shall be held. In such event, the corresponding voting shares, shares (as described in section 4.10.3, 4.10.3 and Exhibit ) of all Directors voting in order to take an action shall exceed 50%, or such other higher voting shares percentage expressly required by this Agreement or the Operating Policies and Procedures of all Directors who are present at the subject meeting. All votes taken pursuant to this Section 4.10.2 shall be referred to as a voting shares vote. In the event that any one Director has a voting share that equals or exceeds that which is necessary to disapprove the matter being voted on by the Board, at least one other Director shall be required to vote in the negative in order to disapprove such matter. When a voting shares vote is held, action by the Board requires both an affirmative percentage vote and an affirmative voting shares vote.
Appears in 1 contract
Samples: Joint Powers Agreement
Voting Shares Vote. In addition to and immediately after an affirmative percentage vote three vote, two or more Directors may request that that, a vote of the voting shares shall be held. In such event, the corresponding voting shares, shares (as described in section 4.10.3, Section 1.1.22 and Exhibit C) of all Directors voting in order to take an action the affirmative shall exceed 50%, or such other higher voting shares percentage expressly required by this Agreement or the Operating Policies Rules and Procedures Regulations, of all Directors who are present at on the subject meetingentire Board. All votes taken pursuant to this Section 4.10.2 shall be referred to as a voting shares vote. In the event that any one Director has a voting share that equals or exceeds that which is necessary to disapprove the matter being voted on by the Board, at least one other Director shall be required to vote in the negative in order to disapprove such matter. When a voting shares vote is held, action by the Board requires both an affirmative percentage vote and an affirmative voting shares vote.
Appears in 1 contract
Samples: Joint Powers Agreement
Voting Shares Vote. In addition to and immediately after an affirmative percentage vote three vote, two or more Directors may request that that, a vote of the voting shares shall be held. In such event, the corresponding voting shares, shares (as described in section 4.10.3, Section 4.10.21.1.22 and Exhibit DC) of all Directors voting in order to take an action the affirmative shall exceed 50%, or such other higher voting shares percentage expressly required by this Agreement or the Operating Policies Rules and Procedures Regulations, of all Directors who are present at on the subject meetingentire Board. All votes taken pursuant to this Section 4.10.2 shall be referred to as a voting shares vote. In the event that any one Director has a voting share that equals or exceeds that which is necessary to disapprove the matter being voted on by the Board, at least one other Director shall be required to vote in the negative in order to disapprove such matter. When a voting shares vote is held, action by the Board requires both an affirmative percentage vote and an affirmative voting shares vote.
Appears in 1 contract
Samples: Joint Powers Agreement