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.
Approved by the members or “approval by the members” means approved or ratified by the affirmative vote of a majority of the votes represented and voting at a duly held meeting at which a quorum is present, which affirmative votes also constitute a majority of the required quorum, or by a written ballot or written consent in conformity with this chapter or by the affirmative vote, written ballot, or written consent of such greater proportion, including the votes of all the members of any class, unit, or grouping as may be provided in the articles, bylaws, or this chapter for any specified member action.
Approved by the members or “approval by the members” means approved or ratified by the members entitled to vote on the issue through either:
Examples of Approved by the members in a sentence
Except as specifically provided in this Article 4, no Member may contribute capital to the Company or make a loan or advance to the Company, unless such contribution or loan has been Approved by the Members.
The Company shall no less frequently than quarterly, unless otherwise Approved by the Members, make distributions to the Members of Available Cash (other than Available Cash resulting from and/or attributable to a Capital Event).
More Definitions of Approved by the members
Approved by the members means approved and ratified by the affirmative vote:
Approved by the members or “approval by the members” means approved or ratified by the
Approved by the members means approved or consented to in writing by 70% in interest of the Members and “Approval of the Members” means a writing evidencing such approval or consent. When applied to such a particular class of Member, such terms shall mean approved by 70% in interest of such class. In any instance under this Agreement in which the consent or approval of a Member to any proposed action is required, such consent or approval shall be deemed to have been given unless written objection to such proposed action, stating with particularity grounds therefor, is sent by such objecting Member to the other Members within thirty (30) days after receipt of a written request for such consent or approval.
Approved by the members or "Approval of the Members" shall mean approval by all of the Members acting through their duly authorized representatives.
Approved by the members is defined in Section 1.11.
Approved by the members shall have the meaning set forth in Section 3.2.2 hereof.
Approved by the members means except as otherwise specifically set forth herein, the approval of the holders of more than fifty percent of the Membership Interests.