Voting entitlements Sample Clauses
The 'Voting entitlements' clause defines the rights of parties or members to cast votes in decision-making processes within an organization or agreement. It typically specifies who is eligible to vote, how many votes each party is entitled to, and whether voting rights are equal or based on factors such as share ownership or membership class. For example, in a company, shareholders may have voting entitlements proportional to the number of shares they hold. This clause ensures clarity and fairness in governance by outlining how decisions are made and who has the authority to influence those decisions.
Voting entitlements. (a) Subject to clause 4.7, each Director is entitled to one vote.
(b) The Chairperson does not have a casting vote in addition to the vote the Chairperson has as a Director.
Voting entitlements. The voting entitlements of the directors are as follows:
(a) each director, including the chairperson, has one vote; and
(b) in the case of an equality of votes, the chairperson has a casting vote.
Voting entitlements. (a) For the purposes of this clause 6.4:
(1) a Boral Director is an Eligible Boral Director for the purposes of any resolution unless this agreement or any applicable law does not permit the director to vote on the resolution; and
(2) a USG Director is an Eligible USG Director for the purposes of any Board resolution unless this agreement or any applicable law does not permit the director to vote on the resolution.
(b) At any meeting of the JVC 1 Board, each Boral Director appointed to the JVC 1 Board who is present and is an Eligible Boral Director for the purposes of a resolution before the JVC 1 Board can exercise in relation to that resolution a number of votes equal to:
(1) the maximum number of Boral Directors which Boral is entitled to appoint to the JVC 1 Board at the relevant time under clause 5.1 including the Singapore Nominee (whether or not that number of Boral Directors is in fact in office);
(2) divided by the number of Boral Directors actually present who are Eligible Boral Directors for the purposes of the relevant resolution. Shareholders agreement page 14 24 General
(c) At any meeting of the JVC 1 Board, each USG Director who is present and is an Eligible USG Director for the purposes of a resolution before the JVC 1 Board can exercise in relation to that resolution a number of votes equal to:
(1) the maximum number of USG Directors which USG is entitled to appoint to the JVC 1 Board at the relevant time under clause 5.1(a) including the Singapore Nominee (whether or not that number of USG Directors is in fact in office);
(2) divided by the number of USG Directors actually present who are Eligible USG Directors for the purposes of the relevant resolution.
(d) At any meeting of the JVC 2 Board, each Boral Director appointed to the JVC 2 Board who is present and is an Eligible Boral Director for the purposes of a resolution before the JVC 2 Board can exercise in relation to that resolution a number of votes equal to:
(1) the maximum number of Boral Directors which Boral is entitled to appoint to the JVC 2 Board at the relevant time under clause 5.1 (whether or not that number of Boral Directors is in fact in office);
(2) divided by the number of Boral Directors actually present who are Eligible Boral Directors for the purposes of the relevant resolution.
(e) At any meeting of the JVC 2 Board, each USG Director who is present and is an Eligible USG Director for the purposes of a resolution before the JVC 2 Board can exercise in relation to ...
Voting entitlements. Subject to clause 40, each director (or his or her alternate) has one vote. 40 The exceptions to clause 39 are that: • in the case of an equality of votes, or if a representative director calls for a resolution to be decided on a poll, then the representative directors of a shareholder together have a number of votes equal to the number of shares held by their appointing shareholder and the other directors have one vote each; and • the representative directors of a defaulting shareholder have no vote for so long as the shareholder is a defaulting shareholder (a shareholder is a defaulting shareholder for this purpose for the duration of the 20 business day period referred to in clause 79.2.1). 41 A copy of the minutes of each board meeting must be provided to each director within 10 business days after the meeting. 42 At the board's first meeting after the commencement date, the board may appoint a managing director on the terms and conditions they think fit.
Voting entitlements. At a meeting of the Management Committee the Representatives nominated by a Member shall collectively be entitled to exercise that number of votes equal to the number of percentage points comprised at the commencement of that meeting of that Member's Percentage Interest (for example if two Pacific Hydro US nominated Representatives are present, they will each be entitled to, as at the commencement date where Pacific Hydro US's Percentage Interest is 51%, votes of the Company equal to 25.5%. If at a subsequent meeting one Pacific Hydro US nominated Representative is present, than that one Representative's voting entitlement to votes of the Management Committee will be 51%)
Voting entitlements. Neither the Security Trustee nor any Finance Party shall be liable to any person by reason of having acted upon any instructions purported to have been given by or with the consent of the requisite voting majority of Voting Entitlements required under this Agreement (in the case of the Security Trustee) or the Security Trustee (in the case of any Finance Party) even though subsequent to its acting it may be found that there was some defect in the instructions so given or the votes so cast.
Voting entitlements. Each Securityholder will have one vote, and voting rights will not change to be reflective of number of Securities held or any other matter.
Voting entitlements. On a show of hands every Noteholder who being an individual is present in person or by proxy or attorney or being a corporation is present by proxy or attorney or by its authorised representative has one vote and on a poll every Noteholder who is present in person or by proxy has one vote for every Convertible Note with respect to which he is the registered holder.