Voting rules. (a) Each Bondholder (or person acting for a Bondholder under a power of attorney) may cast one (1) vote for each Voting Bond owned on the Relevant Record Date, ref. Clause
Voting rules. (a) Each VPS Noteholder (or person acting for a VPS Noteholder under a power of attorney) may cast one vote for each Voting VPS Note owned on the Relevant Record Date, ref. Clause 3.3 (VPS Noteholders’ rights). The Chairman may, in its sole discretion, decide on accepted evidence of ownership of Voting VPS Notes.
Voting rules. Each member of the Project Co-ordination Committee shall have one (1) vote and decisions shall be taken upon a simple majority of members present or represented. All of the members of the Project Co-ordination Committee shall have a deputy in case they cannot attend the meetings of the PCC.
Voting rules. 5.1 Unless otherwise specified in this Agreement, each Member casts vote in accordance with the Unit Interest of his Party.
Voting rules. Each representative shall have one vote. A representative may be represented and vote at a meeting of the Steering Committee under a written proxy given to any other representative. Each representative shall only have one proxy.
Voting rules. Each Consortium Body shall not deliberate and decide validly unless two-thirds (2/3) of its Members are present or represented (quorum). Each member of a Consortium Body present or represented in the meeting shall have one vote. Defaulting Parties may not vote. Decisions shall be taken by a majority of two-thirds (2/3) of the votes. A Party which can show that its own work, time for performance, costs, liabilities, intellectual property rights or other legitimate interests would be severely affected by a decision of a Consortium Body may exercise a veto with respect to the corresponding decision or relevant part of the decision. When the decision is foreseen on the original agenda, a Member may veto such a decision during the meeting only. When a decision has been taken on a new item added to the agenda before or during the meeting, a Member may veto such decision during the meeting and within 15 days after the draft minutes of the meeting are sent. When a decision has been taken on a new item added to the agenda before or during the meeting, a Member may veto such decision during the meeting and within 15 days after the draft minutes of the meeting are sent. In case of exercise of veto, the Members of the related Consortium Body shall make every effort to resolve the matter which occasioned the veto to the general satisfaction of all its Members. A Party may not veto decisions relating to its identification as a Defaulting Party. The Defaulting Party may not veto decisions relating to its participation and termination in the Consortium or the consequences of them. A Party requesting to leave the Consortium may not veto decisions relating thereto.
Voting rules. Subject to the cases set forth above expressly requiring a unanimous vote, each member of the Executive Committee shall have one (1) vote and decisions shall be taken upon a simple majority of members present or represented.
Voting rules. Decisions are adopted on a unanimous basis of its members present or represented.
Voting rules. A decision is adopted by a two-thirds (2/3) majority. The Steering Committee has a quorum when two-thirds (2/3) of the members are present at the meeting or take part in an electronic vote, either personally or represented by a proxy. In matters which substantially alter the individual Participant’s rights and obligations under the Project, the decision must be adopted unanimously. Such decisions require all members of the Steering Committee to take part in the vote. Amendment of the Collaboration Agreement and the adoption of annual budgets require the unanimous approval of the Participants. The members of the Steering Committee have one vote each. A Participant is not entitled to vote on a matter regarding its own breach of the Collaboration Agreement and the consequences thereof.
Voting rules. Each Director has one (1) vote. Unless otherwise provided herein, any action taken by the Board requires (i) a majority vote of all of the Directors attending, or being duly represented at, any meeting of the Board and (ii) the approval of at least two Iveco Directors and two Nikola Directors.
