Sector Votes. Each Voting Member shall be entitled to cast one (1) non- divisible vote in its sector. In the case of a Voting Member comprised of Affiliates or Related Parties, any representative, alternate or substitute of any of the Affiliated or Related Parties may cast the vote of the Voting Member. The Sector Vote of each sector shall be split into an affirmative component based on votes for the pending motion, and a negative component based on votes against the pending motion, in direct proportion to the votes cast within the sector for and against the pending motion, rounded to two decimal places.
Appears in 3 contracts
Samples: Additional Member Agreement (PPL Electric Utilities Corp), Operating Agreement (PPL Corp), Operating Agreement (Pp&l Resources Inc)
Sector Votes. Each Voting Member shall be entitled to cast one (1) non- non-divisible vote in its sector. In the case of a Voting Member comprised of Affiliates or Related Parties, any representative, alternate or substitute of any of the Affiliated or Related Parties may cast the vote of the Voting Member. The Sector Vote of each sector shall be split into an affirmative component based on votes for the pending motion, and a negative component based on votes against the pending motion, in direct proportion to the votes cast within the sector for and against the pending motion, rounded to two decimal places.
Appears in 3 contracts
Samples: Operating Agreement (Pp&l Inc), Operating Agreement (Peco Energy Co), Operating Agreement (Pp&l Resources Inc)
