Blocking Vote definition

Blocking Vote means, with respect to any System, the negative Vote of two (2) or more Voting Shippers who collectively hold at least thirty percent (30%) of all Voting Percentages, provided that a Blocking Vote of multiple affiliates will be aggregated as one (1) Voting Shipper with a single vote.
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Blocking Vote means with respect to any vote under this Agreement, the negative vote of two (2) or more System Owners eligible to vote who each hold at least eight percent (8%) and in the aggregate hold at least thirty percent (30%) of all System Ownership Interests eligible to vote, provided that the votes of multiple Affiliates will be aggregated as a single vote of one (1) System Owner with all of the aggregate System Ownership Interests.
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Examples of Blocking Vote in a sentence

  • Gatherer will furnish the results of the Votes to all Voting Shippers in the applicable System within ten (10) Days after receiving Votes (including an irrevocable deemed vote) representing either Shipper Supermajority Approval or a Blocking Vote.

Related to Blocking Vote

  • Required Vote has the meaning ascribed thereto in Section 2.2(b);

  • Open meeting or "public meeting" means a meeting at which the public may be present.

  • Recorded Vote means a written record of the name and vote of each member of Council or a Committee who votes on a question and of each member present who does not vote.

  • Scratch vote means to mark or punch the straight party ticket and then mark or

  • Open Meeting Minutes Date Time: Location: Type of meeting: Regular Special Reconvened or rescheduled Emergency Name of person taking the minutes: Name of person presiding: