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 at least four of the Directors present at a duly-convened meeting of the Board at which a quorum is present.
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Examples of Majority Board Approval in a sentence

  • From and after the Indirect Non-Compete Termination Date, the Investor shall, and shall cause its Permitted Transferees to, take all actions set forth in Section 4(b) (other than clause (F) thereof) (but, for the avoidance of doubt, subject to Section 4(c)) of the Voting Agreement with respect to any Sale of the Company approved by (x) Majority Board Approval and (y) a majority of the outstanding voting power of the Company held by Stockholders other than the Investor and its Affiliates.

  • Section 6.8(a) then lists the actions that Caiman II cannot engage in without first having received Majority Board Approval.

  • The Tax Matters Member may be removed and replaced by Super- Majority Board Approval at any time for any reason.

  • Id. § 6.8(a).The Caiman LLC Agreement defines Majority Board Approval as the approval of those Managers having the Majority of the Voting Power.

  • 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.

  • The Customer exempts bluesource, as a service, exclusion under such circumstances and may need to escalate an incident to the Service Management Centre (SMC), if they observe an issue.

  • Company Securities may be issued to such Persons for such consideration and on such terms and conditions as shall be established by the Board, acting with Super- Majority Board Approval, in its sole discretion, and the Board, acting with Super-Majority Board Approval, shall have sole discretion, subject to the guidelines set forth in this Section3.2 and the requirements of the Act, in determining the consideration and terms and conditions with respect to any future issuance of Company Securities.

  • Except as otherwise provided expressly provided in paragraphs (d), (e), and (l) below, 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.

  • After making payment or provision for all debts and liabilities of the Company, the liquidator shall sell all properties and assets of the Company for cash as promptly as is consistent with obtaining the best price and terms therefor; provided, however, that upon Super- Majority Board Approval), the liquidator may distribute one or more properties in kind.

  • Except as otherwise provided expressly provided in paragraphs (d), (e), (l) and (m) below, 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.


More Definitions of Majority Board Approval

Majority Board Approval means the affirmative vote of not less than four (4) of the Company's 7-member Board.
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Majority Board Approval has the meaning set forth in Section 2.1(d).
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Related to Majority Board Approval

  • Board Approval has the meaning set out in Section 2.2(a)(ii);

  • 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 that company’s issued and outstanding shares entitled to vote on the Merger actually voting in favor of this Agreement and the Merger.

  • Supermajority Vote means the affirmative vote of at least seventy-five percent (75%) of the Members.

  • 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 NYSE’s corporate governance listing standards (or the rules of any other national securities exchange on which the Common Stock is listed).

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.7

  • Requisite Shareholder Approval shall have the meaning set forth in Section 4.3(a).

  • 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 116;

  • 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 individual or group of individuals that

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