Ordinary Resolution definition

Ordinary Resolution means a resolution passed by a simple majority of the Members as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at a general meeting, and includes a unanimous written resolution. In computing the majority when a poll is demanded regard shall be had to the number of votes to which each Member is entitled by the Articles.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Ordinary Resolution means a resolution:

Ordinary Resolution means a resolution passed by a majority of not less than 50% plus 1 of the votes cast on that resolution;

Examples of Ordinary Resolution in a sentence

• Without limitation to the preceding Article, the directors may so deal with the unissued Shares of the Company: at an issue price determined by the directors; with the sanction of an Ordinary Resolution, with preferred, deferred or other special rights or restrictions whether in regard to dividend, voting, return of capital or otherwise; without preferred, deferred or other special rights or restrictions whether in regard to dividend, voting, return of capital or otherwise.

• If a written resolution is described as a Special Resolution or as an Ordinary Resolution, it has effect accordingly.

• Unless a shareholding qualification for directors is fixed by Ordinary Resolution, no director shall be required to own Shares as a condition of their appointment.

• A director may be appointed by Ordinary Resolution or by the directors.

• Members are only entitled to inspect the Company's records if they are expressly entitled to do so by law, or by resolution made by the directors or passed by Ordinary Resolution.

More Definitions of Ordinary Resolution

Ordinary Resolution means a resolution passed by a majority of the votes cast on that resolution;

Ordinary Resolution means a resolution passed by the affirmative vote of at least a majority of the votes cast, either in person or by proxy, at a meeting of Unitholders called for the purpose of considering such resolution.

Ordinary Resolution means a resolution passed by a simple majority of the

Ordinary Resolution means resolution other than a special resolution;

Ordinary Resolution means a resolution passed by a simple majority of the votes of such members as, being entitled to do so, vote in person or, where proxies are allowed, by proxy or, in the case of corporations, by their duly authorised representatives, at a general meeting held in accordance with these Articles and includes an ordinary resolution passed pursuant to Article 13.10.

Ordinary Resolution means a resolution: (a) passed by a simple majority of the votes cast by such Shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy or, in the case of corporations, by their duly authorised representatives, at a general meeting of the Company held in accordance with these Articles; or

Ordinary Resolution means an Ordinary Resolution as described in Condition 14 (Meetings of Noteholders, Modification, Waiver and Substitution) and as further described in, and as defined in, the Trust Deed.