Majority Approval. Except as otherwise expressly provided in this Agreement, the approval of Representatives representing a majority of the total 100 votes will be sufficient for the Partnership Governance Committee to take any Partnership Governance Committee Action.
Majority Approval. 11 3.10. Auxiliary Committees...................................... 11
Majority Approval. The following matters shall require the approval or consent of a Majority of Members:
Majority Approval. Whenever any matter is required or allowed to be approved by the Members under the Act or this Agreement, except as otherwise provided herein, such matter shall be considered approved or consented to upon the receipt of the affirmative approval or consent, either in writing or at a meeting of the Members, of a Majority in Interest of the Members. Assignees shall not be entitled to vote on any matter relating to the Company unless and until admitted as a Member.
Majority Approval. The vote of five (5) Directors (“Majority Approval”) shall be required for the Company to take action on any of the following items: (i) approval of the Company’s annual budget and business plan and any changes thereto, (ii) adoption of vision, mission and values statements and policies consistent with those statements, (iii) approval of administrative or management services arrangements with any Affiliate of GHS or UHC, (iv) the creation of any subsidiary or risk pool (other than those existing on the date hereof), (v) approval of any capital expenditure that would have a fair market value greater than two percent (2%) of the Company’s statutory net worth, (vi) if Section 5.1(b)(iii) is then effective, the appointment of the Independent Joint Director, (vii) authorization to incur, create, assume or become liable in any manner with respect to any indebtedness that is in excess of three percent (3%) of the Company’s statutory net worth, (viii) the determination of a Reserve Deficiency, and (ix) any other matter requiring Board approval pursuant to applicable Law.
Majority Approval. Except as otherwise specified in Article 11.3(b), all decisions of the Board of Directors shall require the affirmative vote of more than 50 percent of the vote total in accordance with Article 11.2.
Majority Approval. Except as otherwise specified in this Agreement, all decisions of the Board of Directors shall require the affirmative vote of more than 50 percent of the vote total in accordance with Article 11.2, provided that if a Director is disqualified from voting on a matter before the Board because of a conflict of interest and no Alternate Director is present in the Director’s place, or if the Alternate Director is also disqualified because of a conflict of interest, that Director shall be excluded from the calculation of the total number of Directors that constitute a majority.
Majority Approval. In addition to the Major Decisions described above in this Section, and subject to the procedures described below in this Section, if Weis Family Holdings, L.L.C. is not serving as Managing Partner, the following Major Decisions shall not be made on behalf of the Partnership by any General Partner without the prior written consent of a majority of the Partners on the basis of their Percentage Interests:
Majority Approval. Where any act or event hereunder is expressed to be subject to the consent or approval of the holders of the Securities without reference to a specific percentage of such holders, such consent or approval shall be capable of being given by the holder or holders evidencing in the aggregate not less than 51% of the Percentage Interests.
Majority Approval. As long as any shares of Series B Preferred Stock are outstanding, the Company shall not, without first obtaining the approval of the holders of at least a majority of the shares of Series B Preferred Stock then outstanding: (i) pay any dividends to holders of Common Stock; (ii) alter or change the rights, preferences or privileges of the Series B Preferred Stock; (iii) increase the authorized number of shares of the Series B Preferred Stock; (iv) create any new class or series of shares having preference over the Series B Preferred Stock; (v) authorize any amendment to these Articles of Incorporation which would adversely affect the rights of the holders of the Series B Preferred Stock or reclassify any shares of any class of capital stock into a class ranking prior to or in parity with the Series B Preferred Stock; or (vi) repurchase any equity security except redemptions of stock purchased from employees upon such employee(s) termination of employment.
