Majority Members definition

Majority Members means Members holding a majority of the Units owned by all Members or if there is only one Member, such Member.

Majority Members means the Manager together with Members (other than the Manager and its controlled Affiliates) holding a majority of the Voting Units (excluding Voting Units held by the Manager) then outstanding.

Majority Members has the meaning set forth in Section 6.01.

Examples of Majority Members in a sentence

• This Agreement may be amended or modified from time to time only by a written instrument executed and agreed to by the Majority Members.

• Any Member may, with the approval of the Majority Members, make loans to the Company, and any loan by a Member to the Company shall not be considered to be a Capital Contribution.

• No Member shall sell, assign or transfer, or offer to sell, assign or transfer or otherwise Dispose of all or any part of such Member’s Units or other interests in the Company (whether voluntarily or involuntarily) without the prior written consent of the Majority Members.

• Any vacancy occurring in any office of the Company may be filled by the Majority Members.

• The Majority Members shall cause to be prepared and filed all necessary federal and state income tax returns for the Company, including making any elections the Majority Members may deem appropriate and in the best interests of the Members.

More Definitions of Majority Members

Majority Members means the Members holding a majority of the Voting Units then outstanding other than Voting Units held by the Manager or any of its Affiliates.

Majority Members means the members (which may include PubCo) holding not less than a majority of the Units then outstanding; provided, that if as of any date of determination, a majority of the Units are held by PubCo or any Affiliate controlled by PubCo, then “Majority Members” shall mean PubCo together with the Members holding at least a majority of the Units (excluding Units held by PubCo or its controlled Affiliates) then outstanding.

Majority Members means the members (which may include PubCo) holding not less than a majority of the Units then outstanding; provided, that if as of any date of determination, a majority of the Units are held by PubCo or any Affiliate controlled by PubCo, the “Majority Members” shall mean PubCo together with the Members holding at least a majority of the then outstanding Units not held by PubCo or its controlled Affiliates.

Majority Members means Members having Percentage Interests aggregating more than 50% of the aggregate Percentage Interests in the Company.

Majority Members means the Members (including the Managing Member) holding a majority of the Voting Units then outstanding.

Majority Members means those Members holding more than 50% of the Membership Percentages and more than 50% of the Capital Account balances of the Members.

Majority Members has the meaning set forth in Section 9.02(b).