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 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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Examples of Affirmative Vote in a sentence

  • If the Shareholder Meeting Quorum is not present at an Adjourned General Meeting, the representatives present (which must include the representative of the Investor) shall constitute the quorum for such Adjourned General Meeting, and, subject to applicable Law and Clause 6 below, shall be entitled to vote and pass resolutions in relation to all matters (excluding the Affirmative Vote Matters in accordance with Clause 5.5 below).

  • 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.

  • This Agreement and the transactions contemplated hereby, including, without limitation, the Merger, shall have been adopted and approved by the Requisite Affirmative Vote of the holders of shares of Seller Common Stock entitled to vote at the Seller Shareholders Meeting in accordance with applicable law.

  • If the Board Meeting Quorum is not present at the Second Adjourned Meeting, the Directors then present shall, subject to applicable Law, constitute the quorum for the Second Adjourned Meeting and shall, subject to the provisions of Clause 6, be entitled to vote and pass resolutions in relation to all matters (excluding Affirmative Vote Matters in accordance with Clause 4.5.3).

  • 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.

  • When the successor General Partner has been appointed and accepted such appointment, then unless such successor in interest and all of the Limited Partners by Affirmative Vote agree otherwise, the Interest held by such successor in interest shall be converted to a Limited Partner Interest.

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

  • In the event that an Affirmative Vote of the Investors is not obtained, for any reason, at an Investor Meeting with respect to any matter on which the Investors are entitled to vote as stockholders of the Company Preferred Stock, each Investor may vote (or cause to be voted), at the applicable meeting of the USOL HOLDINGS, INC.

  • The board of directors of the Seller shall use its reasonable best efforts to obtain from the Seller’s shareholders the Requisite Affirmative Vote in favor of adoption of this Agreement and approval of the Merger, subject to the provisions of Section 6.2.

  • No Additional Members shall be admitted as a Member of the Company without an Affirmative Vote of the Membership Units held by Members in the Company.


More Definitions of Affirmative Vote

Affirmative Vote shall have the meaning set forth in Section 11 hereof.
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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 a legal voter who resides in the jurisdiction of the county,

  • Majority Shareholder Vote means a vote of “a majority of the outstanding voting securities” (as such term is defined in the ▇▇▇▇ ▇▇▇) 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.