Common use of Voting Process Clause in Contracts

Voting Process. 5.1 Western will work to cooperatively develop a Prepayment Funding Plan that receives broad-based customer support. 5.2 Each Participant will have one vote. Voting will be in the form of voice or show of hands during the meeting, email to person designated by Western; or by proxy on a form to be determined by Western. 5.3 Participant approval for each construction project in the Prepayment Funding Plan requires an affirmative vote of greater than fifty (50) percent of those Participants that vote by the close of the meeting. 5.4 Multi-year projects in the Prepayment Funding Plan will be approved for the total funding of the project and are not subject to re-voting in subsequent years except for additional funding when required in accordance with Section 8. 5.5 If Western needs to pursue a construction project that Participants do not approve to fund with Prepayments, Western shall find other sources to fund the project other than using Prepayments or move the project to a later fiscal year for reconsideration. 5.6 The final approved Prepayment Funding Plan will be formally recorded and mailed via a letter to each Eligible Customer.