Approval by the Members definition

Approval by the Members or similar phrases means the unanimous approval of the Members, excluding, with respect to any matter as to which a Capital Defaulting Member has no approval rights pursuant to Section 3.4, such Capital Defaulting Member.
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Approval by the Members approved by the Members," or when any other language is used herein indicating that a particular matter, decision, or determination requires the consent, approval or other joint action of the Members, the same shall mean that the matter in question must be approved in writing by an affirmative vote of more than fifty percent (50%) of the issued and outstanding Class A Units; provided that for purposes of Section
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Examples of Approval by the Members in a sentence

  • Approval by the Members pursuant to Section 2.2 of the issuance of a new membership interest in the Company to a Person who is not already a Member shall be deemed approval of the admission of such Person as a Member.

  • Copies of each such return shall be furnished for review and Approval by the Members prior to filing.

  • The Company shall be dissolved and terminated only in the event of an Approval by the Members to dissolve the Company or upon the occurrence of any dissolution event specified in the DLLCA; provided that, notwithstanding the foregoing, the Company shall not dissolve upon the occurrence of any of the events described in Section 18- 801(a)(4) of the DLLCA (including without limitation, the death or bankruptcy of the Member).

  • The Company shall be dissolved and terminated only in the event of an Approval by the Members to dissolve the Company or upon the occurrence of any dissolution event specified in the DLLCA; provided that, notwithstanding the foregoing, the Company shall not dissolve upon the occurrence of any of the events described in Section 18- 801(a)(4) of the DLLCA (including without limitation, the death or bankruptcy of a Member).

  • The Company shall be dissolved and terminated only in the event of an Approval by the Members to dissolve the Company or upon the occurrence of any dissolution event specified in the DLLCA; provided that, notwithstanding the foregoing, the Company shall not dissolve upon the occurrence of any of the events described in Section 18-801(a)(4) of the DLLCA (including without limitation, the death or bankruptcy of the Member).

  • Paragraph 22.5 of the Operating Agreement provides that the Operating Agreement may be amended with the Approval by the Members holding a Majority Interest; provided, however, no amendment may be made that would constitute “Unfair Discrimination”, as defined in Paragraph 22.5, against an Equity Owner, without such Equity Owner.

  • Approval by the Members must be accordance with the requirements set forth in Article III, paragraph 6.

  • The three requests by Griffith were: (1) Approval by the Members of the Board Resolution setting forth the sale of substantially all of the assets of the bank pursuant to IC 28-1-8 et seq.

  • Except as specifically provided to the contrary in this Agreement, the affirmative vote or written consent of each Member entitled to vote in respect of any matter submitted to a vote of, or for Approval by, the Members shall be deemed "approved by" or the "approval of" the Members in respect of such matter.

  • In connection with any vote or Approval by the Members or group thereof, any Units held by Assignees shall be ignored in computing the minimum vote required in order to constitute the requisite Approval or consent.

Related to Approval by the Members

  • Approved by the members , for a mutual savings bank, means approved by a majority of all votes cast at a duly held regular meeting or special meeting.

  • Majority in Interest of the Members means Members whose Percentage Interests aggregate to greater than fifty percent of the Percentage Interests of all Members.

  • Major Decision means:

  • Initiating Member shall have the meaning provided in Section 15.2(a).

  • Public member means an individual who is not, and never

  • Structural member means any load-supporting member of a facility, such as beams and load-supporting walls, or any nonload-supporting member, such as ceilings and nonload-supporting walls.

  • Panel Member ’ means a member of a panel;

  • Additional Members means those Members, if any, admitted to the Company after the Effective Date.

  • Unit Majority means (i) during the Subordination Period, at least a majority of the Outstanding Common Units (excluding Common Units owned by the General Partner and its Affiliates), voting as a class, and at least a majority of the Outstanding Subordinated Units, voting as a class, and (ii) after the end of the Subordination Period, at least a majority of the Outstanding Common Units.

  • Major Decisions shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement; provided that at any time that Note A-1 is not included in the Lead Securitization, “Major Decision” shall mean:

  • Interested Member means any person (other than the Company and any direct or indirect majority-owned subsidiary of the Company) that:

  • General Member means a party, and that party’s Affiliates, that has executed this Project Charter at the General Member level, unless that General Member has withdrawn or been terminated from the Project, or has changed membership level.

  • Substituted Member means a Person that is admitted as a Member to the Company pursuant to Section 12.01.

  • Majority in Interest of the Partners means Partners holding in the aggregate Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all Partners entitled to Consent to or withhold Consent from a proposed action.

  • Initial Members means those Persons whose names are set forth in the first sentence of this Agreement. A reference to an “Initial Member” means any of the Initial Members.

  • Majority Participating Holders means Participating Holders holding more than 50% of the Registrable Securities proposed to be included in any offering of Registrable Securities by such Participating Holders pursuant to Section 2.1 or Section 2.2.

  • Unanimous Consent means the consent of Lenders (other than Delinquent Lenders) holding 100% of the Commitments (other than Commitments held by a Delinquent Lender).

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Majority Members means Members holding a majority of the Units owned by all Members or if there is only one Member, such Member.

  • Related member means a person that, with respect to the taxpayer during all or any portion of the taxable year, is either a related entity, a component member as defined in section 1563(b) of the Internal Revenue Code, or a person to or from whom there is attribution of stock ownership in accordance with section 1563(e) of the Internal Revenue Code except, for purposes of determining whether a person is a related member under this division, "twenty per cent" shall be substituted for "5 percent" wherever "5 percent" appears in section 1563(e) of the Internal Revenue Code.

  • Class A Members means those Members who have purchased Class A Interests.

  • Enlisted member means a person in an enlisted grade.

  • of a Member means the salary corresponding in any given year to a full-time appointment at the member's rank and step, as set out for that year in Schedule A.

  • Other Members has the meaning specified in the recitals to this Agreement.

  • Disposing Member is defined in Section 4.1.

  • Potential Member means an individual who meets the eligibility requirements to enroll in the Oregon Health Plan but has not yet enrolled with a specific PHP or CCO.