Examples of Major Matter in a sentence
Notwithstanding rules 7.11(a) and 7.11(b) the Directors may not make any substantive decision or determination in relation to a Major Matter without the approval of Members indicated by a resolution passed at a general meeting.
Except as otherwise required by applicable law, the Certificate of Incorporation or these Bylaws, at each meeting of a Membership Class the presence of a Simple Quorum shall constitute a quorum for the transaction of business unless the matter to be voted on is a Major Matter, in which case a Supermajority Quorum will be required.
For the avoidance of doubt, any action taken by AHI Member or any Principal pursuant to this Section 5.7 shall not constitute a Major Matter.
The “Initial LLC Budget” for the partial Fiscal Year 2012 shall be prepared promptly after execution of this Agreement and submitted to the Co-Managing Member for approval as a Major Matter.
Any decision made by an absolute majority of the total number of Executive Committee Members (e.g. at least three (3) Executive Committee Members when the Executive Committee is comprised of four (4) or five (5) Executive Committee Members) shall constitute the act of and approval by the Executive Committee; provided, that so long as the NSAM Designation Threshold is met, the approval of both NSAM Designees shall be required to approve any Major Matter.
Notwithstanding anything to the contrary in this Agreement, so long as the NSAM Designation Threshold is met, no Officer shall be authorized to take any action that constitutes a Major Matter without the consent of the NSAM Designees pursuant to the terms of this Article V.
The presence of a majority of the Executive Committee Members then holding office, which majority must include at least two (2) AHI Designees for so long as the AHI Designation Threshold is met, shall constitute a quorum for the transaction of business; provided, that so long as the NSAM Designation Threshold is met, the presence of both NSAM Designees shall also be required to constitute a quorum at any meeting called to decide upon a Major Matter.
The Medical Center has no component units required to be reported in accordance with the Governmental Accounting Standards Board criteria.
If the matter is not resolved by such individuals within fifteen (15) days from the date of the Major Matter Notice, and the Steering Committee had previously taken a position on such matter (such as having approved the Research Plan, Functional Requirements or Project Milestones), the matter shall remain in status quo.
A more detailed discussion of the impact of Australian Workplace Agreements in the resources sector and their benefits to both employers and employees is discussed further in an AMMA’s discussion paper titled AWAs - A Major Matter for Miners.23 It is also important that Greenfield agreements remain an agreement option.