Common use of No Casting Vote Clause in Contracts

No Casting Vote. In the case of an equality of votes, whether on a show of hands or on a poll, the chairman of the meeting at which the show of hands takes place or at which the poll is demanded, shall not be entitled to a second or casting vote.

Appears in 4 contracts

Sources: Pooling and Settlement Agreement (Entergy London Capital Lp), Pooling and Settlement Agreement (Calenergy Co Inc), Pooling and Settlement Agreement (Txu Eastern Holdongs LTD)

No Casting Vote. In the case of an equality of votes, whether on a show of hands hands, or on a poll, the chairman Chairman of the meeting at which the show of hands takes place or at which the poll is demanded, shall not be entitled to a second or casting votevote (in addition to the vote or votes to which he may be entitled to as a Debentureholder).

Appears in 3 contracts

Sources: Debenture Trust Deed, Debenture Trust Deed, Debenture Trust Deed