Individual Votes definition
Examples of Individual Votes in a sentence
In addition to the Individual Votes satisfying Section 11.04(a)(iii)(C)(i), a vote of the PTOs to approve an amendment to section 3.04(b) of this Agreement shall be cast by a number of Non-Affiliated PTOs that have Supporting Votes that are equal to or greater than (x) seventy (70) percent of such Non-Affiliated PTOs or (y) five (5),whichever is less.
The PTOs shall share the costs incurred by the host of any meeting of the PTO AC in proportion to their Individual Votes.
The negative vote of a single Transmission Company with Individual Votes greater than fifty (50) percent of the aggregate Individual Votes of the Transmission Companies voting shall cause the amendment to fail.
Subject to the limitations of Section 9.7.1(a), any action taken by the Administrative Committee shall require a combination of the concurrence of the representatives’ Individual Votes of the representatives of those Parties entitled to vote on such matters and Weighted Votes as specified in this Section 8.5. Except for Parties that are Affiliates, no representative, alternate or duly-designated substitute of a Party may be a representative, alternate or duly-designated substitute of any other Party.
The attendance in person or by telephone or other means of a representative, alternate or duly-designated substitute representative shall be required for purposes of determining a quorum and for the exercise of Individual Votes or Weighted Votes.
Fifty percent (50%) of such meeting cost shall be allocated in proportion to the Parties’ Individual Votes and the remaining fifty percent (50%) of such meeting cost shall be allocated in proportion to the Parties’ Weighted Votes.
The negative vote of a single PTO with Individual Votes greater than fifty (50) percent of the aggregate Individual Votes of the Transmission Companies voting shall cause the filing to be disapproved by the Transmission Companies.
If Directors holding less than two-thirds (2/3) of the Individual Votes are present at the meeting, a majority of the Directors present may adjourn the meeting from time to time without further notice.
Two-thirds of the Individual Votes of the ballot pool shall constitute a quorum.
Special meetings of the Board of Directors may be called at the request of the Chair, or by Directors holding twenty percent (20%) or more of the Individual Votes.