Member Voting Clause Samples
The Member Voting clause establishes the procedures and requirements for how members of an organization or group make decisions through voting. It typically outlines who is eligible to vote, the types of decisions that require a vote, the voting thresholds needed for approval (such as a simple majority or supermajority), and the process for conducting votes, whether in meetings or by written consent. By clearly defining these mechanisms, the clause ensures that decision-making is democratic, transparent, and consistent, thereby preventing disputes and confusion over how important organizational actions are authorized.
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Member Voting. Except as otherwise expressly provided in this Agreement the other Governing Documents, any action to be taken by the Members shall be taken by the Members holding a majority of the Voting Units then outstanding, voting as a single class. Whenever the consent of Members or any group thereof is required, such consent shall be evidenced by a writing setting forth such consent and executed by the Members holding at least the number of Units necessary for such consent to be effected.
Member Voting. The presence, in person or by proxy, of a Majority in Interest shall constitute a quorum for the transaction of business by the Members. Except as otherwise stated in this Agreement, the affirmative vote or written consent of a Majority in Interest shall constitute a valid decision of the Members.
Member Voting. Members shall possess voting rights in proportion to their number of Units.
Member Voting. Members shall vote on matters related to the Council on a per capita basis, with each Member having one (1) vote. Unless otherwise specified, the Council may act upon the approval of the majority of the Members.
Member Voting. Except as otherwise set forth in this Agreement, all powers of the Members shall be exercised in accordance with Section 7.3 by the appointment of Managers.
Member Voting. Whenever a vote of the Member is required under this Agreement, such vote may be taken at a meeting of the Member or by a writing signifying the consent to the Member. At a meeting of the Member, the Member may vote by proxy.
Member Voting. No person shall be entitled to exercise any voting rights as a Member until such person shall have been admitted as a Member. Except as provided otherwise by law or this Agreement: (a) each Member holding Common Units shall be entitled to one (1) vote for each Common Unit held; (b) each Member holding both (x) Common Units and either (y) Preferred Units or Series PA Preferred Units shall be entitled to one (1) vote for each Common Unit held and one (1) vote for each Preferred Unit or Series PA Preferred Unit held by such Member. Members holding Common Units and Preferred Units or Series PA Preferred Units shall vote together on all matters on which such Members are permitted to vote by reason of such Units. Notwithstanding anything in this Agreement to the contrary, Members holding only Preferred Units or Series PA Preferred Units (and not Common Units) shall not be entitled to vote on, consent to, or approve any matters by reason of their ownership of such Preferred Units or Series PA Preferred Units or otherwise.
Member Voting. If a Member presents identification or proof of Cooperative membership as reasonably required by the Cooperative, and if the Member is not suspended on the Record Date and remains unsuspended after the Record Date, then, regardless of the value or quantity of Cooperative Services Used, the Member may cast one (1) vote on a matter for which the Member is entitled to vote. To vote for an Entity Member, an individual must present evidence requested by and satisfactory to the Cooperative that the individual is authorized to vote for the Entity Member. Unless an Entity Member authorizes another individual to vote for the Entity Member, the Entity Member’s chief executive officer, managing owner, or majority owner is authorized to vote for the Entity Member. If more than one individual is authorized to vote for an Entity Member, then the first vote cast is the Entity Member’s vote. Except as otherwise provided in these Bylaws, Members approve a matter if: (1) a Member Quorum is present in person or represented by Member Proxy or voting by Mail Ballot; and (2) a majority of Members voting in person or voting by Member Proxy or voting by Mail ▇▇▇▇▇▇, who are entitled to vote on the matter, vote in favor of the matter. At a Member Meeting, the individual presiding over the Member vote may require the Members to vote by voice. If the individual presiding over the Member vote determines, in good faith, that a voice vote is not sufficient to accurately determine the vote results, then the Members shall vote by written ballot (“Written Ballot”), or in any other reasonable manner determined by the Board. Members may not cumulate votes. Agreements signed by Members providing the manner in which a Member will vote are not valid.
Member Voting. No person shall be entitled to exercise any voting rights as a Member until such person shall have been admitted as a Member. Except as provided otherwise by law or this Agreement, (i) each Member holding Common Units shall be entitled to one (1) vote for each Common Unit and one (1) vote for each Preferred Unit held by such Member.
Member Voting. A Member entitled to vote may vote either in person or by written proxy signed by the Member or by his, her or its duly authorized attorney in fact. Persons present by telephone shall be deemed to present “in person” for purposes hereof. At each meeting of the Members, each Member entitled to vote (or such Member’s designated representative) may vote such Member’s Membership Percentage of Class B Voting Units with respect to any matter to be considered at such meeting and which is subject to the vote, consent or approval of the Members. Except as may otherwise be provided herein to the contrary, any matter subject to the consent, approval or direction of the Members hereunder or under the TBOC, shall require the agreement or approval of the holders of a majority of the Class B Voting Units.