Abstentions Clause Samples
The Abstentions clause defines how votes that are neither in favor nor against a proposal—abstentions—are treated in decision-making processes. Typically, this clause specifies whether abstentions are counted towards the total number of votes cast or if they are excluded from the calculation of majority or quorum requirements. For example, in some organizations, abstentions may reduce the number of votes needed for a majority, while in others, they may have no effect on the outcome. The core function of this clause is to ensure clarity and consistency in how abstentions impact voting results, thereby preventing disputes or confusion during formal decision-making.
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Abstentions. In determining whether the Majority Lenders, have given instructions or a consent, approval, waiver, amendment or other decision, a Lender will be deemed to have Commitments or a participation of zero if it has so elected by notice to the Agent.
Abstentions. At any meeting of Shareholders, the Trust will consider abstentions, if any, as "entitled to vote," and therefore present for purposes of determining whether a quorum is present at the meeting and the percentage of outstanding Shares present in person or by proxy and entitled to vote at the meeting.
Abstentions. An abstention occurs when a stockholder attends a meeting, either virtually or by proxy, but abstains from voting by marking “ABSTAIN” on such holder’s ballot or proxy. Abstentions will not count as votes cast for or against the merger proposal, but will still count for the purpose of determining whether a quorum is present. However, the vote to approve the merger proposal is based on the total number of shares of CorePoint common stock outstanding on the record date. As a result, if you abstain, it will have the same effect as if you vote “AGAINST” the approval of the merger. Each of the named executive officer merger-related compensation proposal and the adjournment proposal requires for its approval the affirmative vote a majority of the votes cast on the matter. Under Maryland law, abstentions are not deemed to be a “vote cast” As a result, abstentions will be counted for purposes of determining whether a quorum is present and, assuming a quorum is present, will have no impact on the outcome the named executive officer merger-related compensation proposal and the If no instruction as to how to vote is given (including no instruction to abstain from voting) in an executed, duly returned and not revoked proxy, the proxy will be voted “FOR” (i) approval of the merger proposal,
Abstentions. For purposes of the ENVB annual meeting, an abstention occurs when a ENVB stockholder attends the ENVB annual meeting, either in person (via the annual meeting website) or by proxy, but abstains from voting. In the Election of Directors, abstentions, if any, will be disregarded and have no effect on the outcome of the vote. For the ENVB Share Issuance Proposal, if a ENVB stockholder present in person (via the virtual meeting website) at the ENVB annual meeting abstains from voting, or responds by proxy with an “abstain” vote, it will have no effect on the outcome such proposal. For each of the Say-on-Pay Proposal, the Auditor Ratification Proposal, and the ENVB Adjournment Proposal, if an ENVB stockholder present in person (via the virtual meeting website) at the ENVB annual meeting abstains from voting, or responds by proxy with an “Abstain” vote, it will have the same effect as a vote cast “AGAINST” such proposals.
Abstentions. If a Policy Committee member abstains from a vote, that member is not counted as being present for the purpose of a quorum, and their vote is not counted in any manner. The Policy Committee member should state the reason for the abstention. If a quorum is not present due to abstentions, the item shall be considered postponed until the next regular meeting.
Abstentions. Members may not abstain from voting on any matter before the TMG or Operating Group.