Examples of Reserved Matters in a sentence
Subject to the Board Reserved Matters under Section 2.08(a) and Section 2.08(c), all actions of the Board shall require the affirmative vote of at least a majority of the directors present at a duly convened Board Meeting, at which a quorum is present, or the written consent of all of the directors.
Except for any decisions in relation to the Reserved Matters or any other matter(s) which expressly require a higher majority of votes in favour of such decision under Applicable Law, all decisions of the Board shall be made on the basis of a simple majority of votes cast in favour of such decisions by the Directors entitled to vote on the relevant resolution(s) pertaining to such decisions.
Except as otherwise required by the Act or expressly provided in this Agreement (including with respect to Reserved Matters and Fundamental Reserved Matters), no matter submitted to the Members for a vote, consent, authorization or other approval shall be authorized or approved unless approved by Members collectively holding a majority of the Percentage Interests of all Members (except with respect to Reserved Matters and Fundamental Reserved Matters).
Except for Reserved Matters, Fundamental Reserved Matters, matters expressly requiring Member consent set forth in Sections 6.8, 6.9, 9.1 and 13.6, and as otherwise expressly provided in this Agreement, or as required by the Act, the Members, in their capacity as Members, shall not have the right to approve or vote on any matter with respect to the Company, nor shall they transact any business for the Company, nor shall they have the power to act for or bind the Company.