Common use of Exercise of Authority Clause in Contracts

Exercise of Authority. Unless otherwise expressly required in this Agreement, all decisions, approvals, determinations and consents of the Directors or the Voting Shareholders required by this Agreement are decided, approved, determined or consented to by either the majority approval of the Directors at a Director’s meeting (“Directors’ Majority Approval”) or the majority approval of the Voting Shareholders at a meeting of the shareholders, as applicable, or by written resolution signed by those Directors or those Voting Shareholders that are required to achieve quorum (as described below), as the case may be. The chairman of any meeting of the Directors will not have a second, double or casting vote if there is a tie in the votes cast at any meeting of the Directors.

Exercise of Authority. Unless otherwise expressly required in this Agreement, all decisions, approvals, determinations and consents of the Directors or the Voting Shareholders required by this Agreement are decided, approved, determined or consented to by either the majority approval majorityapproval of the Directors at a Director’s meeting (“Directors’ Majority Approval”) or the majority approval of the Voting Shareholders at a meeting of the shareholders, as applicable, or by written resolution signed by those Directors or those Voting Shareholders that are required to achieve quorum (as described below), as the case may be. The chairman of any meeting of the Directors will not have a second, double or casting vote if there is a tie in the votes cast at any meeting of the Directors.