Common use of Voting rules and quorum Clause in Contracts

Voting rules and quorum. 6.3.3.1 The Management Board shall not deliberate and decide validly unless two-thirds (2/3) of its Members are present or represented (quorum). 9 / 38 If the quorum is not reached, the chairperson of the Management Board shall convene another ordinary meeting within 15 calendar days. If in this meeting the quorum is not reached once more, the chairperson shall convene an extraordinary meeting which shall be entitled to decide even if less than the quorum of Members are present or represented. 6.3.3.2 Each Member present or represented in the meeting shall have one vote. 6.3.3.3 A Party which the Management Board has declared according to Section 4.2 to be a Defaulting Party may not vote. 6.3.3.4 Decisions shall be taken by a majority of two-thirds (2/3) of the votes cast.

Appears in 1 contract

Sources: Consortium Agreement

Voting rules and quorum. 6.3.3.1 6.3.4.1 The Management Board Steering committee shall not deliberate and decide validly in meetings unless two-thirds (2/3) at least five of its Members are present or represented (quorum). 9 / 38 If the quorum is not reached, the chairperson of the Management Board Coordinator shall convene another ordinary meeting within 15 calendar daysmeeting. If in this meeting the quorum is not reached once more, the chairperson shall convene an extraordinary meeting which shall be entitled to decide even if less than the quorum of Members are is present or represented. 6.3.3.2 6.3.4.2 Each Member present or represented in the meeting shall have one vote. 6.3.3.3 6.3.4.3 A Party which the Management Board Steering committee has declared according to Section 4.2 to be a Defaulting Party may not vote. 6.3.3.4 6.3.4.4 Decisions shall be taken by a an absolute majority of two-thirds (2/3) of the votes cast.

Appears in 1 contract

Sources: Consortium Agreement

Voting rules and quorum. 6.3.3.1 6.3.4.1 The Management Board Coordination Committee shall not deliberate and decide validly in meetings unless two-thirds (2/3) of its Members are present or represented (quorum). 9 / 38 If the quorum is not reached, the chairperson of the Management Board Coordination Committee shall convene another ordinary meeting within 15 calendar days. If in this meeting the quorum is not reached once more, the chairperson shall convene an extraordinary meeting which shall be entitled to decide even if less than the quorum of Members are is present or represented. 6.3.3.2 6.3.4.2 Each Member present or represented in the meeting shall have one vote. 6.3.3.3 6.3.4.3 A Party which the Management Board Coordination Committee has declared according to Section 4.2 to be a Defaulting Party may not vote. 6.3.3.4 6.3.4.4 Decisions shall be taken by a majority of two-thirds (2/3) of the votes cast.

Appears in 1 contract

Sources: Consortium Agreement

Voting rules and quorum. 6.3.3.1 The Management Board Project Steering Committee shall not deliberate and decide validly unless two-thirds (2/3) of its Members are present or represented (quorum). 9 / 38 If the quorum is not reached, the chairperson of the Management Board Project Steering Committee shall convene another ordinary meeting within 15 calendar days. If in this meeting the quorum is not reached once more, the chairperson shall convene an extraordinary meeting which shall be entitled to decide even if less than the quorum of Members are present or represented. 6.3.3.2 Each Member present or represented in the meeting shall have one vote. 6.3.3.3 A Party which the Management Board Project Steering Committee has declared according to Section 4.2 to be a Defaulting Party may not vote. 6.3.3.4 Decisions shall be taken by a majority of two-thirds (2/3) of the votes cast.

Appears in 1 contract

Sources: Consortium Agreement

Voting rules and quorum. 6.3.3.1 6.1.3.1 The Management Board Steering Committee shall not deliberate and decide validly unless two-thirds (2/3) of its Members are present or represented (quorum). 9 / 38 If the quorum is not reached, the chairperson of the Management Board Steering Committee shall convene another ordinary meeting within 15 calendar days. If in this meeting the quorum is not reached once more, the chairperson shall convene an extraordinary meeting which shall be entitled to decide even if less than the quorum of Members are present or represented. 6.3.3.2 6.1.3.2 Each Member of the Steering Committee present or represented in the meeting shall have one vote. 6.3.3.3 6.1.3.3 A Party which the Management Board Steering Committee has declared according to Section 4.2 to be a Defaulting Party may not vote. 6.3.3.4 6.1.3.4 Decisions shall be taken by a majority of two-thirds (2/3) of the votes cast.

Appears in 1 contract

Sources: Consortium Agreement