Common use of Voting Process Clause in Contracts

Voting Process. 5.1 Each Participant will have one (1) vote. Voting will be in the form of voice or show of hands during the meeting, or by email to the person designated by WAPA to receive such votes, or by proxy on a form to be determined by WAPA. Only those votes received prior to or during the meeting will be counted. 5.2 Participant approval for the portion of each Construction Project or design of Construction Projects to be funded by Prepayments requires an affirmative vote of greater than fifty (50) percent of those Participants that vote. 5.3 Approved Projects are not subject to re-voting in subsequent years except for consideration of additional Prepayment funding when required in accordance with Section 9, herein. 5.4 If WAPA chooses to pursue a Construction Project that Participants do not approve to fund with Prepayments, WAPA shall find other sources to fund the Construction Project other than using Prepayments or may move the Construction Project to a later FY for reconsideration.

Appears in 1 contract

Sources: Exhibit a for Construction Funding

Voting Process. 5.1 Each Participant will have one (1) vote. Voting will be in the form of voice or show of hands during the meeting, or by email to the person designated by WAPA to receive such votes, or by proxy on a form to be determined by WAPA. Only those votes received prior to or during the meeting will be counted. 5.2 Participant approval for the portion of each Construction Project or design of Construction Projects to be funded by Prepayments requires an affirmative vote of greater than fifty (50) percent of those Participants that vote. 5.3 Approved Projects are not subject to re-voting in subsequent years except for consideration of additional Prepayment funding when required in accordance with Section 9, herein. 5.4 If WAPA chooses to pursue a Construction Project that Participants do not approve to fund with Prepayments, WAPA shall find other sources to fund the Construction Project other than using Prepayments or may move the Construction Project to a later FY for reconsideration.

Appears in 1 contract

Sources: Joint Planning Agreement

Voting Process. 5.1 Each Participant will have one (1) vote. Voting will be in the form of voice or show of hands during the meeting, or by email to the person designated by WAPA to receive such votes, or by proxy on a form to be determined by WAPA. Only those votes received recordedreceived prior to or during the meeting will be counted. 5.2 Participant approval for the portion of each Construction Project or design of Construction Projects to be funded by Prepayments requires an affirmative vote of greater than fifty (50) percent of those Participants that vote. 5.3 Approved Projects are not subject to re-voting in subsequent years except for consideration of additional Prepayment funding when required in accordance with Section 9, herein. 5.4 If WAPA chooses to pursue a Construction Project that Participants do not approve to fund with Prepayments, WAPA shall find other sources to fund the Construction Project other than using Prepayments or may move the Construction Project to a later FY for reconsideration.

Appears in 1 contract

Sources: Process for the Use of Prepayments for Construction Funding