Voting rules and quorum. (a) The quorum for the transaction of business at a Consortium Board meeting shall be a minimum of voting Board Members equal to not less than two-thirds (2/3) of all voting Board Members. (b) Each Board Member present or represented in the meeting shall have one vote. (c) Board Members of a Defaulting Party may not vote. (d) Decisions shall be taken by a majority of two-thirds (2/3) of the votes.
Appears in 2 contracts
Sources: Consortium Agreement, Consortium Agreement