Tie Votes Clause Samples

The Tie Votes clause establishes the procedure to follow when a decision-making body, such as a board or committee, is evenly split on a vote. Typically, this clause designates a specific individual—often the chairperson or a designated casting voter—to break the tie, or it may specify that the motion fails in the event of a tie. By providing a clear method for resolving deadlocks, the clause ensures that organizational decisions can proceed efficiently and prevents stalemates that could hinder operations.
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Tie Votes. If the Board reaches a tie vote at any duly called meeting of the Board at which a quorum is present on any action item within the authority of the Board, as provided by this Agreement, then the matter shall be submitted to arbitration in Santa Fe County, New Mexico, pursuant to the New Mexico Arbitration Act, §§44-7-1 through 44-7- 22 NMSA 1978, and the rules promulgated under that Act, so that the matter is finally decided within sixty (60) days of the date of the Board meeting at which the tie vote occurs. At any time during such sixty (60) day period, the Board may convene a special meeting of the Board for purposes of resolving the issue that caused the tie vote.
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Tie Votes. In the case of a tie among candidates on the first ballot, those candidates’ names must be submitted to a second ballot organized by the chairperson of the meeting. The same rule applies to subsequent ballots that must be held in the event of a tie.
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Tie Votes. Tie votes on motions shall result in the failure of the motion.
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Tie Votes. If the Board reaches a tie vote at any duly called meeting of the Board at which a quorum is present on any action item within the authority of the Board, as provided by this Agreement, then the matter shall be submitted to arbitration in Santa Fe County, New Mexico, pursuant to the New Mexico Arbitration Act, §§44-7-1 through 44-7-22 NMSA 1978, and the rules promulgated under that Act, so that the matter is finally decided within sixty (60) days of the date of the Board meeting at which the tie vote occurs. At any time during such sixty
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Tie Votes. The Mgmt Board shall conduct its meetings with the purpose of achieving consensus among all members. In the event consensus cannot be reached, the Waldoboro Town Manager shall immediately convene a meeting of the Select Boards of all of the Partners, which shall determine all issues by a two-thirds vote of all Select Board members, whether or not they are in attendance.
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Tie Votes 
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Related to Tie Votes

  • Votes Every Voter shall have: (a) on a show of hands, one vote; and (b) on a poll, the number of votes obtained by dividing the aggregate principal amount of the outstanding Note(s) represented or held by him by the unit of currency in which the Notes are denominated. In the case of a voting tie the Chairman shall have a casting vote. Unless the terms of any Block Voting Instruction state otherwise, a Voter shall not be obliged to exercise all the votes to which he is entitled or to cast all the votes which he exercises in the same way.

  • Parent Vote Immediately following the execution and delivery of this Agreement, Parent, in its capacity as the sole stockholder of Merger Sub, will execute and deliver to Merger Sub and the Company a written consent approving the Merger in accordance with the DGCL.

  • Proxy Voting The Adviser will vote, or make arrangements to have voted, all proxies solicited by or with respect to the issuers of securities in which assets of a Fund may be invested from time to time. Such proxies will be voted in a manner that you deem, in good faith, to be in the best interest of the Fund and in accordance with your proxy voting policy. You agree to provide a copy of your proxy voting policy to the Trust prior to the execution of this Agreement, and any amendments thereto promptly.

  • Quorum; Voting A majority of the members of any Committee of the Trustees shall constitute a quorum for the transaction of business, and any action of such a Committee may be taken at a meeting by a vote of a majority of the members present (a quorum being present).

  • Required Vote The affirmative vote of the holders of shares representing a majority of the voting power of the outstanding shares of the Company Common Stock is the only vote required, if any, of the holders of any class or series of capital stock or other Equity Interests of the Company to approve and adopt this Agreement and the transactions contemplated hereby, including the Merger (the “Company Stockholder Approval”).