Common use of Special Majority Clause in Contracts

Special Majority. All decisions of the Board of Directors shall require an affirmative vote of at least (number it should be half of the total number of nominees of the partner with the largest number of nominees on the Board, plus one for each of the other partners) directors. AND/OR

Appears in 2 contracts

Sources: Joint Venture Agreement, Joint Venture Agreement

Special Majority. All decisions of the Board of Directors shall require an affirmative vote of at least (number it should be half of the total number of nominees of the partner with the largest number of nominees on the Board, plus one for each of the other partners) directors. AND/OR.

Appears in 2 contracts

Sources: Joint Venture Agreement, Joint Venture Agreement