Examples of Joint Majority Holders in a sentence
A Member may not (a) be removed as a Member of the Company without such Member’s prior written consent or (b) resign from the Company without the written consent of the Joint Majority Holders, unless otherwise provided in this Agreement.
The Company shall continue to use the trade name and trademark “GMAC” in connection with GM-directed automotive consumer and dealer finance incentive, and other promotional programs involving GM products for which GM compensates GMAC, except as provided for in the License Agreement or as otherwise may be agreed by the Company and the Joint Majority Holders; provided that such requirement shall terminate at such time as the GM Control Assignee constitutes the Majority Initial Class B Holder.
Unless otherwise agreed by the Board of Managers and the Joint Majority Holders, the Company shall maintain, at its expense, insurance (a) to indemnify Company for any obligations which it incurs as a result of the indemnification of Indemnified Persons under the provisions of this Article XI, and (ii) to indemnify Indemnified Persons in instances in which they may not otherwise be indemnified by the Company under the provisions of this Article XI.
Each of the Members shall consult with the Joint Majority Holders before issuing any press releases or otherwise making any public statements with respect to this Agreement or the transactions contemplated hereby, and no Member shall issue any press release or make any public statement without the prior written consent of the Joint Majority Holders, except as may be required by Law and then only with such prior consultation with the Joint Majority Holders to the extent practicable.
The size of the Board of Managers shall initially be thirteen and may from time to time be increased by the Board of Managers with the prior written consent of the Joint Majority Holders.
The Members and the Company shall take all actions reasonably necessary or desirable to cause the consummation of such Company Sale on the terms proposed by the Joint Majority Holders.
The Company shall dissolve and its affairs shall be wound up upon the first to occur of the following: (a) the written consent of the Joint Majority Holders; (b) at any time there are no Members of the Company unless the Company is continued in accordance with the Act; or (c) the entry of a decree of judicial dissolution under Section 18-802 of the Act.
GM Holdco and FIM constitute the Joint Majority Holders under the LLC Agreement and in such capacity have the authority under the LLC Agreement to amend certain terms of the LLC Agreement as set forth in this Amendment.
We provide a synthesis of the alternative approaches proposed in the literature (such principal components and common correlated effects approaches), with particular focus on key assumptions and their consequences from the practition- ers‘ view point.
The Members (other than the Treasury Preferred Holder and the Class E Preferred Holder) and the Company shall take all actions reasonably necessary or desirable to cause the consummation of such Company Sale on the terms proposed by the Joint Majority Holders.