Common use of Super Majority Clause in Contracts

Super Majority. No action by Carbon shall be taken with respect to the following without approval of the Board of Directors of Carbon which approval shall be by a super majority vote of the Board: Any change in the size or composition of the Board of Directors of Carbon or the nominating committee.

Appears in 2 contracts

Sources: Exchange and Financing Agreement (Carbon Energy Corp), Exchange and Financing Agreement (Cec Resources LTD)