Affirmative Vote definition

Affirmative Vote means more than fifty percent (50%) of the Managers voting by class, with the Manager(s) appointed by the Class A Members having collectively fifty percent (50%) of the vote and with the Manager appointed by the Class B Members having fifty percent (50%) of the vote.
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Affirmative Vote of the Members shall mean the affirmative vote of Members holding more than seventy-five percent (75%) of the issued and outstanding Interests of the Fund.
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Affirmative Vote shall have the meaning set forth in Section 11 hereof.
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Examples of Affirmative Vote in a sentence

  • From the Effective Date until the earlier of the First Closing Date or the termination hereof, the Company shall not, and the Promoters shall ensure that neither the Company nor any Shareholder, Director, officer, committee, committee member, employee, agent or any of their respective delegates shall, without the affirmative written consent of the Investor take any of the actions in relation to any Affirmative Vote Items whether at a Board Meeting or at a Shareholders Meeting or otherwise.

  • All managers after the initial Manager shall be appointed by Affirmative Vote of the Members.

  • The business and affairs of the Company shall be managed by its Managers who shall act by Affirmative Vote.

  • Any actions and decisions required by law to be taken or made by the Members may be authorized or made either by Affirmative Vote of the Members taken at a meeting of the Members or by unanimous written consent of the Members without a meeting.

  • At such time and in such form as determined by an Affirmative Vote, other distributions shall be made to the Members in proportion to their Membership Units.

  • Except for decisions relating to Affirmative Vote Matters under this Agreement (which may additionally require a Consent from one or more Shareholders under Clause 6) or which expressly require a higher majority under applicable Law, decisions of the Board shall be made on the basis of a simple majority vote cast by the Directors entitled to vote at the relevant meeting representing a majority of the number of Directors present and voting on any resolution put to vote at any Board meeting.

  • Other than approval of each of the Affirmative Vote Matters and unless otherwise provided under the Act, all questions arising at meetings of the Board shall be decided by a simple majority of votes of the Directors present and entitled to vote.

  • ANNEXURE 1 Matters requiring an Affirmative Vote of the GoS / SPICL Director on the Board and a GoS / SPICL Representative in the Board Meeting / Shareholder Meeting  Establishing all material operations and capital decisions of the Company, including Annual/ quarterly operating budgets and capital expenditures etc.

  • No person other than a Member may challenge an act taken by the Company based on the failure to obtain the requisite Affirmative Vote of Members and any act taken by the Company with respect to a third party having no actual knowledge of such failure shall be binding against the Company.

  • Approval of the TriCo Merger Proposal Requires the Affirmative Vote of the Holders of a Majority of the Issued and Outstanding Shares of TriCo Common Stock (Page 41) The affirmative vote of the holders of a majority of issued and outstanding shares of TriCo common stock is necessary to approve the TriCo merger proposal on behalf of TriCo. At the close of business on the record date, there were 22,958,323 shares of TriCo common stock outstanding held by approximately 1,600 holders of record.


More Definitions of Affirmative Vote

Affirmative Vote means the affirmative vote or consent of the Voting Investors holding more than 50% of the Percentage Interests held by all Voting Investors.
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Related to Affirmative Vote

  • Required Vote has the meaning ascribed thereto in Section 2.2(b);

  • Active voter means a registered voter who has not been classified as an inactive

  • Affirmative consent means affirmative, conscious, and voluntary agreement to engage in sexual activity.

  • Eligible Voter means, for the purpose of voting in respect of Land matters under this Land Code, a Member who has attained eighteen (18) years of age on or before the day of the vote;

  • Majority Shareholder Vote means a vote of “a majority of the outstanding voting securities” (as such term is defined in the 0000 Xxx) of the Trust with each class and series of Shares voting together as a single class, except to the extent otherwise required by the 1940 Act or this Declaration with respect to any one or more classes or series of Shares, in which case the applicable proportion of such classes or series of Shares voting as a separate class or series, as the case may be, also will be required.

  • e-voting means voting using either the internet, telephone or text message; “e-voting information” has the meaning set out in rule 24.2;

  • Inactive voter means a registered voter who has:

  • Supermajority Vote means the affirmative vote of at least seventy-five percent (75%) of the Members.

  • Vote ’ means one of the main segments into which a budget of a municipality is divided for the appropriation of funds for the different departments or functional areas of the municipality; and which specifies the total amount that is appropriated for the purposes of the department or functional area concerned.

  • Majority Vote means a vote made by more than half of the Members who are present at a Meeting and who are entitled to vote and voting at that Meeting upon a resolution put to that Meeting.

  • Disinterested Shareholder Approval means approval by a majority of the votes cast by all the Company’s shareholders at a duly constituted shareholders’ meeting, excluding votes attached to Common Shares beneficially owned by Insiders who are Service Providers or their Associates;

  • Requisite Company Vote has the meaning set forth in Section 3.03(a).

  • Disinterested Directors means, with respect to any Affiliate Transaction, one or more members of the Board of Directors of the Company, or one or more members of the Board of Directors of a Parent, having no material direct or indirect financial interest in or with respect to such Affiliate Transaction. A member of any such Board of Directors shall not be deemed to have such a financial interest by reason of such member’s holding Capital Stock of the Company or any Parent or any options, warrants or other rights in respect of such Capital Stock.

  • Votes means the number of votes entitled to be cast generally in the election of Directors.

  • Subordinate Voting Shares means subordinate voting shares in the capital of the Company.

  • Super Majority Vote means, the affirmative vote of the holders of Outstanding Interests of all Series representing at least two thirds of the total votes that may be cast by all such Outstanding Interests, voting together as a single class.

  • Qualified voter means a person who is entitled to vote pursuant to the Constitution of Virginia and

  • Write-in vote means a vote cast for a person whose name is not printed on the

  • Simple Majority means a decision made by the Management Committee by more than 50 percent of the votes represented and entitled to be cast at a meeting thereof.

  • Scratch vote means to mark or punch the straight party ticket and then mark or

  • entire Board of Directors means the total number of directors which the Corporation would have if there were no vacancies.

  • Disinterested Director means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee.

  • Affirmative action means action appropriate to overcome the effects of past or present practices, policies, or other barriers to equal employment opportunity.