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, as of any time, the Members holding a majority of the Class B Units then issued and outstanding.

Examples of Class B Majority in a sentence

• At the election of holders of a majority of the then outstanding shares of Class B Common Stock (the "Class B Majority"), the Company shall redeem all (but not less than all) of the Class B Common Stock at the Redemption Price (as defined below), out of funds legally available therefor and on the terms set forth in this section, if the Class B Majority delivers a notice of its election to require such redemption (the "Redemption Request") to the Secretary of the Company during any Redemption Window.

• If a determination is made with respect to a Major Decision in an arbitration award pursuant to Section 13.2 then, notwithstanding any term or provision of this Agreement to the contrary, the Managing Member shall be entitled to take any actions provided for in the arbitration award with respect to the applicable Major Decision without any further Consent of the Class A Majority or the Class B Majority.

• Notwithstanding the foregoing, the Tax Matters Member shall have no right to execute a closing agreement or other settlement agreement adjudicating or delaying resolution of any matter that relates to the Cash Grant Application or an appeal without the prior written consent the Class A Majority and Class B Majority, not to be unreasonably withheld, conditioned or delayed.

• The Company shall engage a reputable accounting firm reasonably acceptable to the Class B Majority Holders, to prepare all Tax Returns for Taxes payable by all Group Companies.

• The Members agree that the capital budget for the construction, installation and placing in service of the Projects and the operating budget for the period from the Original Effective Date through the first Fiscal Year following the Operations Commencement Date are attached hereto as Exhibit B and shall be controlling until the next annual capital and operating budget and operating plan have been approved by the Class A Majority and Class B Majority as provided in Section 5.6.2.1(a).

More Definitions of Class B Majority

Class B Majority means the consent of the Class B Members holding Class B Units that represent more

Class B Majority means the "Majority Class B Owners" together with the ---------------- "Majority Class B Purchasers", each as defined in the Class B Note Purchase Agreement.

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

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 means the holders of a majority of the Class B Units (excluding Class B Units held by Management Holdco).

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 the holders of a majority of the Common Stock issuable upon conversion of the Class B Shares outstanding from time to time, as determined on an as-converted basis.