Majority of the Members definition

Majority of the Members means Members holding more than fifty percent (50%) of the total outstanding Percentage Interests of the Company as of a particular date (or if no date is specified, the first day of the then current calendar month).

Majority of the Members means the approval of more than 50

Majority of the Members means Members whose aggregate Ownership Percentages exceed fifty percent (50%) of the aggregate Ownership Percentages of all Members other than the Manager.

Examples of Majority of the Members in a sentence

• All funds of the Company will be deposited in a separate bank account or in an account or accounts of a savings and loan association in the name of the Company as determined by a Majority of the Members.

• Whenever in this Agreement reference is made to the decision, consent, approval, judgment, or action of the Members, unless otherwise expressly provided in this Agreement, such decision, consent, approval, judgment, or action shall mean a Majority of the Members.

• No salary will be paid to a Member for the performance of his or her duties under this Agreement unless the salary has been approved in writing by a Majority of the Members.

• No salary will be paid to a Member for the performance of their duties under this Agreement unless the salary has been approved in writing by a Majority of the Members.

• The Manager may not transfer its interest as Manager in the Company other than (a) pursuant to a transaction not deemed to involve an assignment of its investment management obligations within the meaning of the Advisers Act, or (b) with the approval of a Majority of the Members.

More Definitions of Majority of the Members

Majority of the Members means, as of any given time, the Members holding the majority of the voting rights with respect to then outstanding Shares, as such voting rights are allocated pursuant to Section 5.01.

Majority of the Members means the approval of more than 50 percent of participating membership interests in a vote for which a quorum of members is participating. A person dissociated as a member as set forth in section 46 of P.L.2012, c.50 (C.42:2C-46) shall not be included for the purposes of calculating the majority of the members;

Majority of the Members means a Member or Members whose Percentage Interest(s) represent more than fifty (50) percent of the cumulative Percentage Interests of all Members.

Majority of the Members means the approval of more than fifty percent (50%) of participating membership interests in a vote for which a quorum

Majority of the Members means those Members holding more than 50% of the Membership Percentages.

Majority of the Members. Members owning Class A Units which represent a majority of Percentage Interests held by holders of Class A Units.

Majority of the Members means, at any time, Members that hold a majority of the Voting Units that are outstanding at such time and that are held by the Members.