Majority Member definition

Majority Member. 4.01(b) "Membership Unit" 3.01 "Senior Executive Offices" 4.06 "Tax Distributions" 5.03 "Tax Matters Partner" 5.06

Majority Member has the meaning set forth in the preamble.

Majority Member has the meaning set forth in Section 3.1(a).

Examples of Majority Member in a sentence

• The terms “Party” and “Parties” include Managing Member, Majority Member, their respective constituent entities, and their respective successors, assigns, and legal representatives.

• In the event either Managing Member or Majority Member is an individual, a “Party” or “Parties” includes that individual’s heirs.

• Notwithstanding the limitations of the Approved Budget, the Managing Member shall have the authority at any time an Emergency Condition exists to take any action on behalf of the Company without obtaining the prior approval of the Majority Member if such action is, in the Managing Member’s reasonable judgment, necessary or advisable to preserve or protect the Projects or other assets of the Company from imminent physical damage or to prevent injury to any Person.

• From the Effective Date until the date on which the Majority Member is no longer a Member (the “Project ROFO Period”), the Managing Member shall not, directly or indirectly through an Affiliate, enter into any agreement to own, operate, manage, or develop solar power generating facilities to be installed at or on the property of an Affiliated Congregation (a “Restricted Project”) except in compliance with the terms and conditions of this Section 6.06(b).

More Definitions of Majority Member

Majority Member means, at any time of determination, the Member that holds a Percentage Interest greater than 50%; provided, however, that if each Member holds a Percentage Interest equal to 50%, the Member whose Percentage Interest was most recently greater than 50% shall be deemed to be the Majority Member.

Majority Member has the meaning set forth in Section 11.4(f).

Majority Member shall have the meaning set forth in Section 10.11(a) of this Agreement.

Majority Member. Majority Member" means either (if any) (a) Xxxxxx Enterprises, if designees of Xxxxxx Enterprises (whether through Aladdin Enterprises appointing its designees pursuant to Section 9.1 or otherwise) constitute a majority of the Board or (b) LCI, if designees of LCI (whether through Aladdin Enterprises appointing its designees pursuant to Section 9.1 or otherwise) constitute a majority of the Board.

Majority Member means, at any time, a Member that individually or together with its Affiliates owns a majority of the Voting Units outstanding at such time.

Majority Member means GTCR Fund VII, L.P., a Delaware limited partnership.

Majority Member is defined in Section 7.3.1.