Class B Majority definition

Class B Majority means Class B Members holding a majority ---------------- of the Series B Common Units.

Class B Majority has the meaning set forth in Section 1.1(a).

Class B Majority means the holders of a majority of the Class B Units.

Examples of Class B Majority in a sentence

• The Class B Majority shall have the right to remove and replace any Designated Director (as defined below) at any time and for any reason, and to fill any vacancies otherwise relating to such director positions.

• As used herein, “Designated Directors” means the directors elected to the Board of Directors pursuant to the Class B Designation Rights, provided that a director shall be deemed to be a Designated Director only if specifically identified as such in writing by the Class B Majority at the time of his or her election to the Board of Directors or at any time thereafter.

• 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.

• In the event of any such failure, a Class B Majority shall, whether or not it gives such notice, have the authority to cause the Company to take the directed action.

More Definitions of Class B Majority

Class B Majority means the consent of the Class B Members holding Class B Units that represent more than fifty percent (50%) of the Class B Units of the Company.

Class B Majority means, collectively and as of the time of determination, the Class B Stockholders holding a majority of the Class B Shares.

Class B Majority means a majority of the shares of Class B Common Stock voted at a meeting of the Class B Stockholders; provided that (i) at least a majority of the then outstanding shares of Class B Common Stock is represented at such meeting (including by proxy), (ii) all Class B Stockholders have been duly notified, or have waived notice, of such meeting in accordance with the provisions set forth in Section 4.2 (in analogous application thereof), (iii) such meeting may be attended telephonically or by other means by virtue of which all persons participating in the meeting can hear each other and (iv) notwithstanding the foregoing, any action required or permitted to be taken at any meeting of the Class B Stockholders may be taken without a meeting if holders representing a majority of the then outstanding Class B Common Stock consent thereto in writing, the other Class B Stockholders are promptly notified of such written consent and such written consent is filed with the minutes of proceedings of the Class B Stockholders.

Class B 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 B Noteholders.

Class B Majority means the holders of a majority of the then-outstanding Class B Units, but excluding in all cases (a) the General Partner, any member of the Partnership Group, any Designating Party and, in each case, their respective Affiliates and Transferees (immediate and subsequent), (b) Persons (other than Initial Investors and their respective Permitted Transferees) acquiring Class B Units pursuant to Section 4.1(e)(i), and (c) Defaulting Investors to the extent prohibited from voting, providing their consents or making objections pursuant to Section 4.1(e)(v)(C).

Class B Majority means Class B Limited Partners who (in their capacities as Class B Limited Partners), at any time, have aggregate Adjusted Capital Contributions representing more than 50.0% of the total aggregate Adjusted Capital Contributions of all Class B Limited Partners (in their capacities as Class B Limited Partners) at such time.

Class B Majority has the meaning ascribed to such term in the Articles.