Sentences with phrase «determined by a simple majority»

Cash distributions in excess of the Draws («Bonus Distributions») shall be paid on a periodic basis as determined by a simple majority of the Management Committee and shall not exceed the amount by which the liquid funds of the Partnership as of the last day of the preceding month exceed the Reserve Amount.

Except as may be otherwise determined by unanimous decision of the Management Committee, the remaining [*] % of Bonus Distributions shall be distributed among the Equity Partners (including members of the Management Committee) as determined by a simple majority of the Management Committee in its sole discretion.

Not exact matches

You also need to determine the voting rights of the partners — normally a simple majority vote of the partners decides what happens and what doesn't, but you can agree that important decisions be made by a «supermajority» vote of two - thirds or more of the partnership percentages..

Convention votes, though determined of course by simple majority, only expressed the synod's understanding of what the Word of God said.

The proposals do not constitute statutory underpinning in the sense envisaged by Leveson, and nor would they remove the legal capacity of a determined Government relying upon a simple majority to enact legislation so as to facilitate intervention in relation to the proposed press regulator.