Common use of Majority Required Clause in Contracts

Majority Required. All motions before the Joint Board of Directors shall require a majority vote to pass, and any tie vote shall result in the defeat of any motion; provided, however, that any motion or act, including, without limitation, any budget item, that proposes to spend more than Fifteen Thousand Dollars ($15,000) shall require the support of not less than six (6) members of the Joint Board of Directors.

Majority Required. All motions before the Joint Board of Directors shall require a majority vote to pass, and any tie vote shall result in the defeat of any motion; provided, however, that any motion or act, including, without limitation, any budget item, that proposes to spend more than Fifteen Thousand Dollars ($15,000) shall require the support of not less than six (6) members of the Joint Board of Directors.