Majority of Members means a Member or Members whose Percentage Interests represent more than 50 percent of the Percentage Interests of all the Members.
Majority of Members means, at any time, any combination of Members holding, in the aggregate, a majority of all of the Interests.
Majority of Members means and refer to the Members holding more than 50% of the total votes entitled to be case with respect to a given matter (not just those represented at a meeting); and any specified fraction or percentage of the total votes entitled to be case with respect to a given matter. Unless otherwise specified, any provision herein requiring the approval of the Members means the approval of a Majority of Members.
Examples of Majority of Members in a sentence
Except as otherwise provided herein, the Manager or the Majority of Members may propose, for consideration and action, an amendment to this Agreement, and a proposed amendment will become effective at such time as it is approved by the Members holding a Majority of the outstanding Membership Interests.
The Manager may be removed by a Majority of Members only for gross negligence or fraud.
Operating Agreement Provision — Consent of Majority of Members to Filing a Voluntary Case 18-10 Form 18-4.
In all other cases, indemnification shall be provided by the Company only if authorized in the specific case by a Majority of Members.
A quorum at any meeting of Members shall consist of a Majority of Members, represented in person or by Proxy.
More Definitions of Majority of Members
Majority of Members means a majority of members of the Commission as provided by the Constitution, the Statutes, and any amendments regardless of whether such authorized positions are filled.
Majority of Members shall have the meaning set forth in Section 3.2(c).
Majority of Members means more than fifty percent (50%) of the members, irrespective of how many interests each member holds.
Majority of Members means the majority of registered property owners as contemplated in paragraphs section 3(4) of the By-law;
Majority of Members means the Members who, in the aggregate, own more than 51% of the Company Interest as of the Effective Date of this Agreement.
Majority of Members has the meaning set forth in the Existing LLC Agreement.
Majority of Members means the vote or written assent of Members entitled to vote or so assent, and who collectively own more than 50 percent of the voting power attributable to all Memberships owned by such Members.