CCP Board definition
Examples of CCP Board in a sentence
Any CCP Board member representing a CCP member that is not a Project Participant shall abstain from voting on any matter identified in this Agreement.
The CCP Board shall review, modify, and approve, if appropriate, all Capital Improvements undertaken with respect to the Project and all financing arrangements for such Capital Improvements.
Upon adoption of the Amended Annual Budget by the CCP Board, such Amended Annual Budget shall apply to the remainder of the Contract Year and the CCP Board shall cause copies of such adopted Amended Annual Budget to be delivered to each Project Participant.
Each CCP Board member that represents a Project Participant shall have one vote for any matter identified in this Agreement.
The CCP Board shall adopt the Annual Budget no later than thirty (30) days prior to the beginning of such Contract Year and shall cause copies of such adopted Annual Budget to be delivered to each Project Participant.
A quorum shall consist of a majority of the CCP Board members that represent Project Participants.
The CCP Board shall approve those budgets or other provisions for the payments associated with the Project and the financing for any development associated with the Project.
A vote of the majority of the CCP Board members representing Project Participants that are in attendance shall be sufficient to constitute action, provided a quorum is established and maintained.
The CCP Board shall review, discuss and attempt to resolve any disputes among CCP, any of the Project Participants, and the Project Developer relating to the Project, the operation and management of the Facility, and CCP’s rights and interests in the Facility.
Upon approval of the proposed Amended Annual Budget by a Normal Vote of the Project Committee, the CCP Manager shall present the proposed Amended Annual Budget to the CCP Board.