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Majority Board Approval definition

Majority Board Approval means the approval by the affirmative vote of Managers representing a majority of the outstanding Voting Interests whether by vote at a regular or special meeting of the Board or by written proxy.
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Majority Board Approval means either (i) a vote of a majority of the Directors present at a meeting of the Board at which a quorum is present (which approving Directors must include a Director (if any are then serving on the Board and have not failed to attend a recalled Board meeting in accordance with Section 6.04(b)) designated by either the SL Member or the KKR Member) or (ii) action by written consent of a majority of the Directors then serving on the Board.
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Majority Board Approval means the affirmative vote of not less than four (4) of the Company's 7-member Board.
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Examples of Majority Board Approval in a sentence

  • Notwithstanding the foregoing, reserved from such delegation (to remain subject to the approval of the Board or a committee thereof) are (i) any matters that are required or recommended to be delegated to a committee of the Board under the rules of the New York Stock Exchange, (ii) the matters that require Special Majority Board Approval under Section 2.2, and (iii) the matters that require the approval of NB under Section 2.3(a) or Section 2.3(b) (collectively, the “Excluded Matters”).

  • Reasonable reimbursement of housing or relocation costs may be granted by the governing board.

  • Unless otherwise expressly stated herein, officers of the Company may be appointed, removed and replaced by Majority Board Approval.

  • A Director may be removed for Cause by Majority Board Approval; provided that any Director nominated by a Shareholder under Section 2.01, 2.02 or 2.04 of this Agreement shall not be removed for Cause without the prior written consent of such Shareholder, unless such Shareholder is presented with evidence reasonably satisfactory to such Shareholder that Cause exists for such removal.

  • One of the Directors shall serve as the Chairman of the Board, and the Chairman shall be appointed by Majority Board Approval.

  • The Independent Director may only be removed from the Board by Supermajority Board Approval or for Cause by Majority Board Approval.

  • The business of the Company presented at any meeting of the Board (and all matters subject to “approval of the Board” and the like hereunder) shall be decided by Majority Board Approval.

  • The Chief Financial Officer of the Company, effective as of the Closing Date, shall be an individual initially determined by NewCo (and approved by Majority Board Approval) prior to the Closing Date.

  • Because the Board consists of nine seats, before Caiman II can take any of the twenty-one identified actions, it must receive approval from at least five of the managers serving on the Board.As indicated by Section 6.8(a), Section 6.8(b) identifies a list of Special Voting Items, which are actions that Caiman II cannot engage in without both receiving Majority Board Approval and the approval of at least one EnCap Manager and one Williams Manager.

  • Subject to the control of the President and to any restrictions imposed by the Board of Managers, the officers of the Company shall have the authority to take action for and on behalf of the Company in connection with the day-to-day administration and management of the Company's business; provided, however, that no action shall be taken by any officer which requires Majority Board Approval under Section 6.3(a)(i) through (xiv), without first having said approval.


More Definitions of Majority Board Approval

Majority Board Approval has the meaning set forth in Section 2.1(d).
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Related to Majority Board Approval

  • Board Approval means the affirmative vote of a majority of the Disinterested Directors of the Company or a unanimous written consent of the Board of Directors of the Company duly obtained in accordance with the applicable provisions of the Company's certificate of incorporation, bylaws and applicable law.

  • Company Board of Directors means the board of directors of the Company.

  • Company Board means the Board of Directors of the Company.

  • Independent Board Committee means the independent board committee of the Company

  • CPF Board means the Central Provident Fund Board, a body corporate established under the Central Provident Fund Act (Cap. 36);

  • Disinterested Shareholder Approval means approval by a majority of the votes cast by all the Company’s shareholders at a duly constituted shareholders’ meeting, excluding votes attached to Common Shares beneficially owned by Insiders who are Service Providers or their Associates;

  • Parent Board means the board of directors of Parent.

  • Majority Vote means a vote made by more than half of the Members who are present at a Meeting and who are entitled to vote and voting at that Meeting upon a resolution put to that Meeting.

  • Requisite Approval means the affirmative vote of the holders of at least a majority of the shares of outstanding Company Common Stock and outstanding Company Preferred Stock voting as a single class.

  • Requisite Stockholder Approval means the affirmative vote of the holders of a majority of the Target Shares in favor of this Agreement and the Merger.

  • Supermajority Vote means the affirmative vote of at least two-thirds of all of the members of the Operating Committee or any Subcommittee, as applicable, authorized to cast a vote with respect to a matter presented for a vote (whether or not such a member is present at any meeting at which a vote is taken) by the Operating Committee or any Subcommittee, as applicable (excluding, for the avoidance of doubt, any member of the Operating Committee or any Subcommittee, as applicable, that is recused or subject to a vote to recuse from such matter pursuant to Section 4.3(d)); provided that if two-thirds of all of such members authorized to cast a vote is not a whole number then that number shall be rounded up to the nearest whole number.

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • Authority board means the Board of Directors of the Authority.

  • Special Committee means a committee of the Board of Managers of the Company comprised of two individuals, each of whom qualifies as an Independent Manager.

  • Independent Directors means the members of the Board of Directors who are not officers or employees of the Manager or any Person directly or indirectly controlling or controlled by the Manager, and who are otherwise “independent” in accordance with the REIT’s Governing Instruments and policies and, if applicable, the rules of any national securities exchange on which the REIT’s common stock is listed.

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

  • Requisite Shareholder Approval means the affirmative vote of a majority of the outstanding shares of the Preferred Stock and the Common Stock (voting together as a single class) and the affirmative vote of a majority of the outstanding shares of Common Stock (voting separately as a single class), in each case approving the Authorized Shares Amendment.

  • Majority Shareholder Vote means a vote of “a majority of the outstanding voting securities” (as such term is defined in the 0000 Xxx) of the Trust with each class and series of Shares voting together as a single class, except to the extent otherwise required by the 1940 Act or this Declaration with respect to any one or more classes or series of Shares, in which case the applicable proportion of such classes or series of Shares voting as a separate class or series, as the case may be, also will be required.

  • Member board means a state agency in a member state that acts in the sovereign interests of the state by protecting the public through licensure, regulation, and education of physicians as directed by the state government.

  • Audit Committee means the audit committee of the board of directors of the Company established pursuant to the Articles, or any successor committee.

  • Parent Board Recommendation has the meaning set forth in Section 5.12(a).

  • Nomination Committee means the nomination committee of the Board established in accordance with Article 114;

  • Required Shareholder Approval has the meaning in Section 2.20.

  • Requisite Majority means, as at any particular time, Passenger Operators whose Vehicle departures from the Station, expressed as a percentage of Total Departures, as at the relevant date, together are at least equal to the percentage specified in paragraph 4 of Annex 8 (or such other percentage as the ORR may specify by notice to the Station Facility Owner and to each Passenger Operator as the new percentage which is to apply for these purposes following the entry into, variation, amendment or termination of an access contract permitting a passenger service operator to use the Station, a Change in Control of any Passenger Operator or any event which results in a material change to the proportion of the Total Departures made by trains operated by or on behalf of any Passenger Operator);

  • Supervisory Board means the Supervisory Board of the Company.

  • Company Board Recommendation has the meaning set forth in Section 3.03(d).

Most Referenced Clauses

Most Referenced Definitions