Requisite Member Approval definition

Requisite Member Approval means the approval of each Affiliated Member Group holding Interests with (i) an aggregate Percentage Interest equal to or exceeding ** or (ii) an **.

Requisite Member Approval has the meaning set forth in Section 3.02(a).

Requisite Member Approval means (a) Series A-1 Approval (but only if at the time in question the component of Series A-1 Approval is satisfied) and (b) Series A-2 Approval (but only if at the time in question the component of Series A-2 Approval is satisfied); provided, however, that, Requisite Member Approval does not require (i) any approval of any Series A-1 Member if, at the time in question, the component of Series A-1 Approval is not satisfied or (ii) any approval of any Series A-2 Member if, at the time in question, the component of Series A-2 Approval is not satisfied. Without limiting Section 8.4(d), during the Interim Period, any references to Requisite Member Approval shall be read consistently with Section 8.4(b).

Examples of Requisite Member Approval in a sentence

• If the Board with Requisite Member Approval determines to effect a Qualified Public Offering, each of the Members shall be granted customary registration rights, including piggyback registration rights, with respect to such Qualified Public Offering.

• The execution and delivery by the Seller of this Agreement and, subject to the Requisite Member Approval, the performance by the Seller of this Agreement and the Ancillary Agreements and the consummation by the Seller of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary corporate action on the part of the Seller.

• The policy for the delegation of authority to the Officers, as of the Effective Date (as amended, modified or replaced from time to time, the “Delegation Policy”), is attached hereto as Schedule VII, which policy (i) may not be amended, modified or replaced during the Interim Period and (ii) may be amended, modified or replaced from time to time thereafter by the Board with Requisite Member Approval.

• The Requisite Member Approval is the only vote or consent of the holders of any class or series of the Company’s capital stock required to approve and adopt this Agreement and the Ancillary Documents, approve the Merger and consummate the Merger and the other transactions contemplated hereby and thereby.

• Each CapEx Budget shall include a line item for (x) Permitted Early Stage CapEx and (y) Permitted CapEx Overage, unless otherwise determined by the Board with Requisite Member Approval.

More Definitions of Requisite Member Approval

Requisite Member Approval means the approval of this Agreement by Members holding greater than 50% of the outstanding voting interests in the Company.

Requisite Member Approval means the approval of this Agreement and the Transactions, including the Conversion and the Recapitalization, by the affirmative vote or written consent of the Founders, pursuant to the terms and in accordance with and satisfaction of the conditions of the Company’s Organizational Documents and applicable Law.

Requisite Member Approval means the approval of the sale of all outstanding Membership Interests of Seller by the Members to the Buyer as contemplated by this Agreement.

Requisite Member Approval means the adoption of this Agreement and the approval of the Merger by the Members as required by Section 347.079 of the MRS and the Company’s Operating Agreement.

Requisite Member Approval means the affirmative vote of the sole holder of the Target Interests.

Requisite Member Approval means the affirmative vote of the holders of fifty and one-tenth percent (50.1%) of the Target Units.

Requisite Member Approval. Section 2.4 “Returns” Section 2.16(a)(i)