Majority Member Vote definition

Majority Member Vote means the affirmative vote by both: (a) holders of Common Units representing a majority of all the Common Units then issued and outstanding and (b) each Founding Member.
Sample 1Sample 2Sample 3
Majority Member Vote means the affirmative vote by both: (a) holders of Common Units representing a majority of all the Common Units then issued and outstanding and (b) if there are any remaining Founding Members, each Founding Member.
Sample 1Sample 2
Majority Member Vote means the affirmative vote of the Members holding a majority of the Membership Units in the Company plus the affirmative vote of KRH (only if KRH does not hold the majority of Membership Units).
Sample 1Sample 2Sample 3

Examples of Majority Member Vote in a sentence

  • Any dispute with a party who holds a sub lease in respect of the Insured Property.

  • All matters submitted to the vote of the Members shall be decided by a Majority Member Vote.

  • The Manager may cause the Company to contract and deal with the Manager, or any Affiliate of the Manager, provided such contracts and dealings are on terms comparable to and competitive with those available to the Company from others dealing at arm’s length or are approved by a Majority Member Vote.

  • Except as provided in the Management Services Agreement, the Manager shall not be entitled to compensation for performance of its duties hereunder unless such compensation has been approved by a Majority Member Vote.

  • The Manager shall not be entitled to compensation for performance of its duties hereunder unless such compensation has been approved by a Majority Member Vote.

  • The Manager may cause the Company to contract and deal with any Affiliate of the Manager, provided such contracts and dealings are on terms comparable to and competitive with those available to the Company from others dealing at arm’s length or are approved by a Majority Member Vote.

  • If the Manager resigns or is removed in accordance with this Article 4, then the position of Manager shall be filled by Majority Member Vote.

  • Except as otherwise expressly provided in this Agreement (including as provided in Sections 4.3(b)(vi) and 4.3(b)(xix)), amendments to this Agreement shall require a Majority Member Vote.

  • The indemnification provided by this Section 4.10 shall be in addition to any other rights to which those indemnified may be entitled under any agreement, by a Majority Member Vote, as a matter of law or equity or otherwise.

  • Unless otherwise provided for by this Agreement, all matters to be decided by the Members shall be decided by a Majority Member Vote.


More Definitions of Majority Member Vote

Majority Member Vote means the approval of 67% of the total number of eligible votes of members who either are voting in person or by proxy at a meeting at which a quorum exists.
Sample 1

Related to Majority Member Vote

  • 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.

  • Majority (as defined in the 0000 Xxx) of the Fund's outstanding voting securities, provided that in either event the continuance is also approved by a majority of the Board of Directors who are not "interested persons" (as defined in said Act) of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. This Agreement is terminable, without penalty, on 60 days' written notice, by the Board of Directors of the Fund or by vote of holders of a majority of the Fund's shares, or upon 90 days' written notice, by the Adviser. This Agreement will also terminate automatically in the event of its assignment (as defined in said Act).

  • 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;

  • Majority in Interest As to any Class of Regular Certificates, the Holders of Certificates of such Class evidencing, in the aggregate, at least 51% of the Percentage Interests evidenced by all Certificates of such Class.