Majority Interest. Except as otherwise provided in this Agreement, all decisions and documents relating to the management and operation of the Company shall be made and executed by the majority of the Members.
Majority Interest. Except as expressly provided in this Agreement, any action that may be taken by the Certificateholders under this Agreement shall be taken by Certificateholders by a majority of the holders voting per capita.
Majority Interest. 16 ARTICLE V APPLICATION OF TRUST FUNDS; CERTAIN DUTIES
Majority Interest. Except for matters that are covered by Section 6.2(h)(i) or matters that the law otherwise requires approval by a greater percentage, a Majority Interest shall be required to approve any action that requires approval of the Partners or the Representatives, including the following matters:
(A) causing the Partnership to take any action under this Agreement that requires Management Committee approval other than the actions specified in Section 6.2(h)(i);
(B) the determination of the amount of Available Cash with respect to each Quarter;
(C) approving, modifying or amending the annual Capital Budget and Operating Budget for the Partnership (with it being understood that the latest approved Capital Budget or Operating Budget shall be used, and deemed approved, for any subsequent period until the new Capital Budget or Operating Budget (as applicable) for that period is so approved), including the parameters under which the Officers are authorized to expend Partnership funds without further Management Committee approval;
(D) issuing or causing to be issued any Capital Call under Section 4.1 or Loan Notice under Section 4.2;
(E) any additions to (by acquisition, development, construction or otherwise) or expansions or extensions of the Facilities, provided that any additions, expansions or extensions to the Facilities approved by either (I) any duly authorized Officer(s) pursuant to authority delegated by the Management Committee or (II) in accordance with the Master Services Agreement, shall be deemed approved by the Management Committee for purposes hereof and shall not require separate approval;
(F) appointing Officers of the Partnership and determining their authority to act on behalf of the Partnership;
(G) designating Officers or employees to serve on the audit committee of the Partnership, if one shall be established by the Management Committee;
(H) any change in the Partnership’s name;
(I) causing the Partnership to enter into any short-term or long-term indebtedness, but Working Capital Borrowings made from time-to-time under an agreement previously approved as contemplated herein need not be further approved by the Management Committee;
(J) except for any commencement or resolution that requires the unanimous approval of the Management Committee pursuant to Section 6.2(i)(D) above, the commencement before the FERC, or the resolution through settlement, stipulation or other consensual means of any matter brought under the NGA Section 4 (15 U.S.C. Section...
Majority Interest. Except as expressly provided in this Master Trust Agreement or in any Series Trust Supplement, any action that may be taken by the Certificateholders under this Master Trust Agreement shall be taken by Certificateholders unanimously within any Series and when more than one Series is involved then by a majority of the Series voting per capita.
Majority Interest. The Majority Interest is duly authorized and validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company other than restrictions on transfer provided for in this Agreement.
Majority Interest. 24 ARTICLE 5 APPLICATION OF TRUST FUNDS; CERTAIN DUTIES 25 Section 5.01 Application of Trust Funds................................................25 Section 5.02 Method of Payment.........................................................26
Majority Interest. A Majority Interest shall be required to approve any other action that, pursuant to an express provision of this Agreement,
(A) requires the approval of a Majority Interest or (B) requires the approval of the Management Committee but does not expressly require the approval of a Unanimous Interest.
Majority Interest. A Majority Interest shall be required to approve:
(A) causing the Partnership to take any action under the Partnership Agreement that requires Management Committee approval other than the actions specified in Section 6.02(h)(i);
(B) the amount of Available Cash with respect to each Quarter;
(C) approving or amending the annual Capital Budget and Operating Budget for the Partnership (with it being understood that the latest approved Capital Budget or Operating Budget shall be used, and deemed approved, for any subsequent period until the new Capital Budget or Operating Budget (as applicable) for that period is so approved), including the parameters under which the Operator and the Officers are authorized to expend Partnership funds without further Management Committee approval;
(D) any Capital Call or loan under Section 4.02;
(E) any additions to or expansion of the Facilities; or
(F) engaging any engineer, auditor, attorney or other consultant or adviser.
Majority Interest. The Stock Certificate shall, as of the ------------------ date of delivery, represent a majority of the Company's outstanding Common Stock.
