Weighted Vote Method definition

Weighted Vote Method means that each Director is assigned a vote based on its Water Allotment percentage under the Water Allotment Table identifiedin Section 1.46.
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Weighted Vote Method means with regards to the Board of Directors a procedure by which each Director is assigned one vote for each full 100,000 gallons a day annual average [water delivered by its Member Government for public supply] based on a five (5) year rolling average and with regards to a Project Board a procedure by which each Director is assigned votes based on the amount of water his or her appointing Member Government is legally obligated to take and/or allocated under an Implementation Agreement approved by the Project Board between the Member Government and the Cooperative for the specified Approved Water Project. Under the Weighted Vote Method, any Director, whose Member Government is not party to the Implementation Agreement for the specified Approved Water Project shall not have a vote and shall only be considered an ex officio member of the Project Board.
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Weighted Vote Method means that each Director is assigned a vote based on its Water Cost Allotment percentage under the Base Rate Cost Allotment Table identified in Section 1.44.
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Examples of Weighted Vote Method in a sentence

  • All decisions of the Project Board shall be by majority vote of a quorum of the Project Board using the Weighted Vote Method specified in this Agreement, which vote must include at least a majority of the Project Participants.

  • A decision to set total Member Government annual contributions in excess of two hundred thousand ($200,000.00) dollars shall only be made by a seventy-five (75%) percent vote of a Quorum of the Board of Directors Using the Weighted Vote Method.

  • The Board of Directors shall approve the Administrative Expense portion of the budget by a majority vote of the Quorum using the Normal Vote Method, except that any decision to approve total Member Government annual contributions in excess of two hundred thousand ($200,000.00) dollars shall be by seventy-five (75%) percent vote of the Quorum using the Weighted Vote Method.

  • The Water Project Cost portion of the budget shall be approved by the Project Board(s) by a majority vote of the Quorum using the Weighted Vote Method.

  • All decisions of the Project Board shall be by the Weighted Vote Method as specified in this Agreement.


More Definitions of Weighted Vote Method

Weighted Vote Method means that each Director is assigned a
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Weighted Vote Method shall have the same meaning as in the Interlocal Agreement, except that during Phase 1, each Director shall be assigned a vote in proportion to its cost share percentage, as reflected in the Cost Share Table contained in Section 8.5.1.
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Weighted Vote Method means that each Director is assigned a vote based on its Water Cost Allocation percentage under the Base Rate Cost Allocation Table identi- fied in Section 1.48.
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Related to Weighted Vote Method

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest Closing Bid Price and the lowest closing ask price of any of the market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Weighted Average Life means, as of any date, with respect to any debt security, the quotient obtained by dividing (i) the sum of the products of the number of years from such date to the dates of each successive scheduled principal payment (including any sinking fund payment requirements) of such debt security multiplied by the amount of such principal payment, by (ii) the sum of all such principal payments.

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).