Majority of Class A Members definition

Majority of Class A Members means Class A Members collectively holding at least 50.1% of the then outstanding Class A Units.
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Majority of Class A Members means one or more Members whose aggregate Class A Percentage Interests are greater than fifty percent (50%).
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Examples of Majority of Class A Members in a sentence

  • The Majority of Class A Members may initiate the dispute resolution procedures of Section 11.03 to resolve any item or procedure which is in dispute, and the conclusion of such dispute resolution procedures shall apply for all subsequent periods to any substantially similar item or procedure.

  • The appointment of a replacement Managing Member (due to removal or resignation) shall require (a) the consent of the Required Voting Percentage or (b) in the case of a removal of the Managing Member pursuant to Section 9.02(b), the Majority of Class A Members.

  • Upon any Change of Member Control of the Class B Member, the Class B Member shall cause to be delivered to the Class A Members a valid and enforceable replacement or substitute of the Sponsor Guaranty (or other credit support from a Person that meets the requirements set forth in clauses (x) and (y) of Section 3.03(b)(iii)(F)), in substantially the same form as the original Sponsor Guaranty and from an entity reasonably satisfactory to the Majority of Class A Members.

  • Following any such additional term, the Managing Member's term automatically shall be extended for successive additional terms of two (2) years each (any additional term, whether following the Initial Term, a Successor Initial Term or an additional term, being an "Additional Term") unless written notice of termination of the Managing Member is given to all the other Members at least six months prior to the end of the then existing Additional Term by the Managing Member or a Majority of Class A Members.

  • From and after the occurrence of a Special Event, the Class A Members upon a decision of the Majority of Class A Members may give written notice of the Special Event to the Company and the Class B Member.

  • If a Member's term as the Managing Member ends (i) at the expiration of the Initial Term or Successor Initial Term because the Initial Term or Successor Initial Term is not automatically extended to an Additional Term or (ii) at the end of any Additional Term because such Additional Term is not automatically extended to a subsequent Additional Term, then a Majority of Class A Members shall select the replacement Managing Member who may not be such Member or an Affiliate thereof.

  • The Managing Member shall be removed from its capacity as Managing Member upon the affirmative vote of the Required Voting Percentage or upon a vote of the Majority of Class A Members pursuant to Section 9.02(b).

  • If (i) the Managing Member or (ii) the Member Party seeking indemnification under Section 13.01(d) is a Class B Member or an Affiliate of a Class B Member, and a Majority of Class A Members, in each case on behalf of the Company, does not notify such Member Party within the Notice Period that it disputes such indemnification Claim, the amount of such indemnification Claim shall be conclusively deemed a liability of the Company hereunder.

  • Any vacancy in the office of the Manager shall be filled by vote of the Majority of Class A Members.

  • Disposition of more than 49% of the Class B Units by the Class B Member (taking into account all Dispositions by the Class B Member) (a) may only be made upon the consent of the Majority of Class A Members, and (b) may not be made to a Disqualified Assignee.

Related to Majority of Class A Members

  • Class A Members means those Members who have purchased Class A Interests.

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

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Voting Members has the meaning set forth in Section 4.07(b).

  • Class B Members means the Members holding Class B Units.

  • 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.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Unit Majority means (i) during the Subordination Period, at least a majority of the Outstanding Common Units (excluding Common Units owned by the General Partner and its Affiliates), voting as a class, and at least a majority of the Outstanding Subordinated Units, voting as a class, and (ii) after the end of the Subordination Period, at least a majority of the Outstanding Common Units.

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Voting Member means a Member holding one or more Voting Shares.

  • Majority in Interest of the Members means Members whose Percentage Interests aggregate to greater than fifty percent of the Percentage Interests of all Members.

  • Simple Majority means a decision made by the Management Committee by more than 50% of the votes represented and entitled to be cast at a meeting thereof.

  • absolute majority , of the Committee, means a majority of the committee members currently holding office and entitled to vote at the time (as distinct from a majority of committee members present at a committee meeting);

  • Super Majority Vote means, the affirmative vote of the holders of Outstanding Interests of all Series representing at least two thirds of the total votes that may be cast by all such Outstanding Interests, voting together as a single class.

  • Preferred Member means a Member holding Preferred Units.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • 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).

  • vote of a majority of the outstanding voting securities" shall mean the vote of the lesser of (a) 67 per centum or more of the shares of the Fund present or represented by proxy at the meeting if the holders of more than 50 per centum of the outstanding shares of the Fund are present or represented by proxy at the meeting, or (b) more than 50 per centum of the outstanding shares of the Fund.

  • Majority Owner has the correlative meaning.

  • Majority in Interest of the Partners means Partners holding in the aggregate Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all Partners entitled to Consent to or withhold Consent from a proposed action.

  • Majority Participating Holders means Participating Holders holding more than 50% of the Registrable Securities proposed to be included in any offering of Registrable Securities by such Participating Holders pursuant to Section 2.1 or Section 2.2.

  • Founding Members means the collective reference to American Multi-Cinema, Inc., a Missouri corporation, Cinemark Media, Inc., a Delaware corporation, and Regal CineMedia Holdings, LLC, a Delaware limited liability company.

  • Majority Participants means the Holder(s) of more than 50% of the Outstanding VMTP Shares.

  • 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.

  • majority of the outstanding voting securities shall have the meaning set forth for such terms in the 1940 Act.