Common use of Majority Vote Clause in Contracts

Majority Vote. The presence of the Board members entitled to cast a majority of the votes of the entire Board shall constitute a quorum for the transaction of business. Unless otherwise requiring a 2/3 or greater vote or a majority vote of all Members, a majority vote of the total votes of the Board members present when a quorum exists, shall constitute action by the Board.

Majority Vote. The presence of the Board members entitled to cast a majority of the votes of the entire Board shall constitute a quorum for the transaction of business. Unless otherwise requiring a 2/3 or greater vote or a majority vote of all Membersvote, a majority vote of the total votes of the entire Board, whether or not all Board members present when a quorum existsare present, shall constitute action by the Board.