Board Majority definition

Board Majority means a majority of all of the Directors constituting the Board.

Board Majority means the approval of the Board, which approval shall consist of at least a majority of the members of the Board.

Board Majority means, in respect of any action of the board of directors of the Borrower, a majority of the directors on the board of directors of the Borrower constituting a quorum, present and voting with respect to such action, where a quorum is no less than a majority of the total number of directors constituting the board of directors of the Borrower as such total number is designated by the By-Laws and Certificate of Incorporation of the Borrower.

Examples of Board Majority in a sentence

• Any determination as to the existence of Cause by the Board or Required Board Majority is reviewable by the trier of fact to determine whether such determination was made in good faith versus bad faith and whether such determination was reasonable versus arbitrary or capricious.

• The Beneficiary shall not support, endorse or otherwise encourage the election of any candidate for election to the Board of Directors other than a candidate or candidates nominated by an Independent Board Majority.

• Prior to an Initial Public Offering this Note shall not be assignable by Holder except with prior consent of a Board Majority of the Minority (as such term is defined in the Issuer’s Certificate of Incorporation, as amended), such consent not to be unreasonably withheld and after an Initial Public Offering there shall be no such restriction on assignment.

• The number of directors of the Corporation shall initially be nine (9) and thereafter such number as may be determined from time to time by an Independent Board Majority, provided that such number shall be no fewer than three (3) and no more than nine (9).

• The Business Plan and Budget in forms mutually agreed upon in writing by the JVC and the Shareholders shall have been approved by a Required Board Majority.

More Definitions of Board Majority

Board Majority means, with respect to an action to be approved by the Board of Directors of the Borrower, approval of such action by Directors representing seventy percent (70%) or more of the total number of Directors then constituting the Board of Directors of the Borrower.

Board Majority shall have the meaning set forth in Section 9.8(b).

Board Majority means a simple majority of the members of the Board.

Board Majority. With respect to an action to be approved by the Board of Directors of the Borrower, approved of such action by Directors representing seventy percent (70%) or more of the total number of Directors then constituting the Board of Directors of the Borrower. Borrower: CF Leasing Ltd., a company with limited liability organized and existing under the laws of Bermuda, and its permitted successors and permitted assigns.

Board Majority has the meaning set forth in the Articles;

Board Majority means the approval of the Board by a simple majority of its members present or represented, including the positive vote of the majority of the Investor Directors (as defined by the shareholders’ agreement dated on 31 March 2020).

Board Majority means, with respect to the Company, the affirmative vote of a majority of the number of Managers that constitute the full Board of Managers, excluding the Independent Manager (unless the vote or consent of such party is otherwise required pursuant to this Agreement), on the assumption that all seats of the Board of Managers, excluding the seat of the Independent Manager, are filled (whether or not such seats are in fact filled).