Voting Power. Each Director shall, in the consideration of any matter by the Board, have a single vote at the time such vote is taken or made (whether at a meeting or by written consent). Except where a greater percentage approval may be provided for herein or in the Agreement or by law, an action shall be deemed approved by the Board only if it has been approved by a majority of the Directors.
Appears in 14 contracts
Samples: Administration Agreement (Teco Capital Trust Iii), Administration Agreement (UBS Preferred Funding Trust VIII), Administration Agreement (Teco Energy Inc)
Voting Power. Each Director shall, in the consideration of any matter by the BoardBoard of Directors, have a single vote at the time such vote is taken or made (whether at a meeting or by written consent). Except where a greater percentage approval may be provided for herein or in the Agreement or by law, an action shall be deemed approved by the Board of Directors only if it has been approved by a majority of the Directors.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (Deutsche Bank Contingent Capital LLC III), Limited Liability Company Agreement (Deutsche Bank Capital Funding LLC IX), Limited Liability Company Agreement (Deutsche Bank Capital Funding Trust VIII)
Voting Power. Each Director (other than the Guarantee Independent Director) shall, in the consideration of any matter by the Board, have a single vote at the time such vote is taken or made (whether at a meeting or by written consent). Except where a greater percentage approval may be provided for herein or in the Agreement or by law, an action shall be deemed approved by the Board only if it has been approved by a majority of the Directors.
Appears in 2 contracts
Samples: Abn Amro Bank Nv, Abn Amro Bank Nv
