Common use of Majorities Clause in Contracts

Majorities. any determination of the Executive Committee in favour of treating a Nominated Site as a Trading site shall require a simple majority of the votes cast by Committee Members at the relevant meeting provided that in the case of a Trading Site Application which falls to be considered under paragraph 5 the necessary majority shall be 75 per cent of all the votes cast by Committee Members.

Appears in 1 contract

Sources: Pooling and Settlement Agreement (Yorkshire Power Group LTD)

Majorities. any Any determination of the Executive Committee in favour of treating a Nominated Site as a Trading site Site shall require a simple majority of the votes cast by Committee Members at the relevant meeting provided that in the case of a Trading Site Application which falls to be considered under paragraph 5 the necessary majority shall be 75 per cent cent. of all the votes cast by Committee Members.

Appears in 1 contract

Sources: Settlement Agreement (Southern Investments Uk PLC)