Class A Majority definition

Class A Majority means, as of any time, the Members holding a majority of the Class A Units (including Class A-1 Units) then issued and outstanding.
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Class A Majority means the consent of the Class A Members holding Class A Units that represent more than fifty percent (50%) of the Class A Units of the Company.
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Class A Majority means, collectively and as of the time of determination, the Class A Stockholder(s) holding a majority of the then-outstanding Class A Shares.
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Examples of Class A Majority in a sentence

  • The Trust Collateral Agent further agrees to follow such written instructions relating to the administration of, and transfers from such account, as may be delivered by the Servicer (unless such instructions are revoked by the Class A Majority, the Class B Majority or the Class C Majority or by the Administrative Agent).

  • No resignation of the Servicer shall become effective until the Backup Servicer or an entity acceptable to the Class A Majority, the Class B Majority and the Class C Majority, acting together, shall have assumed the responsibilities and obligations of the Servicer.

  • At any time that a Servicer Termination Event has occurred and is continuing, the Class A Majority, the Class B Majority and the Class C Majority, acting together, may vote to instruct the Administrative Agent not to deliver a Servicer Extension Notice with respect to the next succeeding calendar quarter.

  • If the Class A Majority, the Class B Majority and the Class C Majority, acting together, instruct the Administrative Agent in writing to revoke any standing instructions, the Administrative Agent shall do so.

  • If any successor Servicer is appointed for any reason other than the Backup Servicer’s refusal to act as Servicer although legally able to do so, the Class A Majority, the Class B Majority and the Class C Majority and such successor Servicer may agree on additional compensation to be paid to such successor Servicer, which additional compensation shall in no event exceed $150,000 in the aggregate.

  • If a Servicer Termination Event shall occur and be continuing, either the Trust Collateral Agent (to the extent it has knowledge thereof) or the Class A Majority, the Class B Majority, or the Class C Majority by notice given in writing to the Servicer (and to the Trust Collateral Agent if given by the Noteholders) or by expiration of the term of the Servicer in accordance with Section 4.14 may terminate all of the rights and obligations of the Servicer under this Agreement.

  • The final terms and conditions of any such replacement management agreement must be approved by the Class A Majority.

  • This Agreement may not be assigned by the Transition Manager unless such assignment is previously consented to in writing by the Class A Majority and the Company.

  • Notwithstanding anything to the contrary contained herein, except as provided in Sections 6.4 and 7.3 and as provided in the provisions of this Agreement concerning the resignation of the Servicer, this Agreement may not be assigned by either Seller or the Servicer without the prior written consent of the Owner Trustee, the Trust Collateral Agent, the Backup Servicer, the Trustee and the Class A Majority, the Class S Majority, the Class B Majority and the Class C Majority, acting together.

  • All reimbursements to the Transition Manager in respect of services provided to the Company hereunder shall (unless the Class A Majority have otherwise agreed in writing to make such payments directly to the Transition Manager) be payable on the immediately succeeding payment date pursuant to the MOMA.


More Definitions of Class A Majority

Class A Majority means the holders of a majority of the Registrable Securities held by the Class A Holders.
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Class A Majority means the vote of the holder or holders of a majority of the Class A Units. “Class A Members” means those Members holding Class A Units, as listed on Schedule I attached hereto, and any Person who or which is issued Class A Units pursuant to and in accordance with the terms and conditions of this Agreement or succeeds to a Class A Member’s Company Interest as permitted herein.
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Class A Majority means the holders of a majority of the Common Stock issuable upon conversion of the Class A Shares outstanding from time to time, as determined on an as-converted basis.
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Class A Majority means as of the date of determination, Holders ---------------- having more than fifty percent (50%) of the then-outstanding Voting Rights of all of the Class A Noteholders.
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Class A Majority means Members holding at least 50.1% of the aggregate amount of all Class A Units held by Members.
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Class A Majority means the "Class A Majority Owners" together with the ---------------- "Class A Majority Purchasers".
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Related to Class A Majority

  • Super Majority has the meaning set forth in Section 2.6(a)(ii).

  • Note Majority means a majority by principal amount of the Noteholders.

  • vote of a majority of the outstanding voting securities" shall mean the vote of the lesser of (a) 67 per centum or more of the shares of the Fund present or represented by proxy at the meeting if the holders of more than 50 per centum of the outstanding shares of the Fund are present or represented by proxy at the meeting, or (b) more than 50 per centum of the outstanding shares of the Fund.

  • Super Majority Vote means, the affirmative vote of the holders of Outstanding Interests of all Series representing at least two thirds of the total votes that may be cast by all such Outstanding Interests, voting together as a single class.

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.8