Majority of the Minority definition

Majority of the Minority means, at any time, the Members holding a majority of the Voting Units held by the Members other than a Majority Member.
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Majority of the Minority means a majority by number of shares and by voting power of the Minority Stockholders; provided, however, that if Standard General and Brigade cease to hold any Company Securities, “Majority of the Minority” shall mean a majority by number of shares, by number of holders of shares of the Company and by voting power of the Minority Stockholders.
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Majority of the Minority means, as of any date, the holders of a majority of the voting power of all issued and outstanding shares of the Company’s Class A common stock and the Company’s Class B common stock entitled to vote on the Option (excluding those shares of Class A common stock and Class B common stock owned of record or beneficially, directly or indirectly, by members of the Excluded Group or other executive officers of the Company or their Family Members or Permitted Entities).
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Examples of Majority of the Minority in a sentence

  • Approval by the Majority of the Minority Where Majority of the Minority Approval is required, unless the shareholder has the right to dissent and be paid fair value in accordance with the applicable corporate or other law, a shareholder who votes against a proposed Non-Arm’s Length Qualifying Transaction for which Majority of the Minority Approval by shareholders has been given, will have no rights of dissent and no entitlement to payment by the Company of fair value for the common shares.

  • These facts do not support a reasonable inference that the Special Committee was grossly negligent in performing its duties.c. The Effectiveness of the Majority of the Minority Vote Condition As discussed above, Plaintiffs’ showcase challenge with respect to the majority of the minority condition is that Sequential agreed to the condition too late in the process.

  • Approval by the Majority of the Minority Where Majority of the Minority Approval is required, unless the shareholder has the right to dissent and be paid fair value in accordance with the applicable corporate or other law, a shareholder who votes against a proposed Non Arm’s Length Qualifying Transaction for which Majority of the Minority Approval by shareholders has been given, will have no rights of dissent and no entitlement to payment by the Corporation of fair value for the Common Shares.

  • In addition, we are seeking the Majority of the Minority Approval.

  • Exchange May Not Approve a Qualifying Transaction Completion of the Qualifying Transaction is subject to a number of conditions including acceptance by the Exchange and in the case of a Non Arm's Length Qualifying Transaction, Majority of the Minority Approval.

  • Selective Power Sharing: Majority of the Minority Votes Entrepreneur-controllers could agree to obtain majority-of- the-minority votes with respect to corporate decisions otherwise reserved to the managers or the board, in much the same way as venture investors holding preferred shares are often given voting power with respect to significant corporate decisions.

  • Completion of a Qualifying Transaction is subject to a number of conditions including acceptance by the Exchange and in the case of a Non Arm’s Length Qualifying Transaction, Majority of the Minority Approval.

  • The second stage involves an Agreement in Principle in respect of a proposed Qualifying Transaction, the preparation and filing with the Exchange of a comprehensive CPC Information Circular containing disclosure as to the holding of a shareholders’ meeting to obtain Majority of the Minority Approval in connection with the proposed Qualifying Transaction.

  • A transaction generally will only be regarded as a “capital reorganization” requiring Majority of the Minority Approval if it involves a subdivision or conversion of one or more classes of Equity Shares or if it has an effect similar to a pro rata distribution to holders of one or more classes of Equity Shares.

  • Any proposed Qualifying Transaction must be approved by the CDNX and receive Majority of the Minority Approval, as hereafter defined, in accordance with CDNX Policy 2.4 (“CPC Policy”).


More Definitions of Majority of the Minority

Majority of the Minority means, as of any date, the holders of a majority of the voting power of all issued and outstanding shares of the Company’s Class A common stock and the Company’s Class B common stock entitled to vote on the applicable matter as of the record date for such vote and voting as a single class (excluding those shares of Class A common stock and Class B common stock owned of record or beneficially, directly or indirectly, by (a) members of the Excluded Group and (b) members of the Non-Founder Award Group (together, the shares represented by (a) – (b), the “Excluded Shares”)).
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Majority of the Minority has the meaning set forth in Policy 2.4 of the TSXV Policies;
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Majority of the Minority means a majority of the shareholders of Astron, excluding shares held by Insiders (as defined under the policies of the TSXV) of Astron;
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Majority of the Minority means a majority of votes entitled to be cast with respect to all Excluded Shares as of the date of the Shareholders’ Meeting (or any other time reasonably determined by the Company at or prior to the Shareholders’ Meeting) including the record date for the Shareholders’ Meeting, but excluding shares of Company Stock held by Eligible Shareholders and Dissenting Shares.
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Majority of the Minority means Lenders (excluding all Non-Voting Lenders) of a Class holding in excess of fifty percent (50.00%) of the outstanding principal amount of the Loans of such Class (or in the case of the Revolving Loans, in excess of fifty percent (50.00%) of the outstanding principal amount of the Revolving Loans and the undisbursed amount of the Aggregate Revolving Loan Commitment) (excluding the principal amounts of any Loans of such Class made by, and any Revolving Loan Commitments of, any Non-Voting Lenders) excluding the outstanding principal amount of the Loans and the undisbursed amount of the Revolving Loan Commitment of the Lenders comprising the Majority Condition in respect of such Class; provided that in each case the undisbursed Revolving Loan Commitment of, and the portion of the outstanding principal amount of the Loans of a Class held by, any Defaulting Lender shall be excluded for purposes of this definition.
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Majority of the Minority here means a majority of the vote of the non-Musk affiliated shareholders.
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Related to Majority of the Minority

  • majority of the outstanding shares means the lesser of (a) sixty-seven percent (67%) or more of the shares present at a meeting if more than fifty percent (50%) of these shares are present or represented by proxy, or (b) more than fifty percent (50%) of the outstanding shares.

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

  • Majority of Holders Holders holding over 50% of the aggregate principal amount of Notes outstanding; provided that, for the purpose of this Agreement, a holder of shares of Common Stock which constitute Transfer Restricted Securities shall be deemed to hold an aggregate principal amount of the Notes (in addition to the principal amount of the Notes held by such holder) equal to the quotient of (x) the number of such shares of Common Stock held by such holder and (y) the conversion rate in effect at the time of their issuance upon conversion of the Notes as determined in accordance with the Indenture.

  • 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.

  • special majority means the majority of votes described in §11.2 which is required to pass a special resolution. Act and Interpretation Act Definitions Applicable

  • Supermajority Vote means the affirmative vote of at least seventy-five percent (75%) of the Members.

  • Majority Owned means the holding beneficially or legally of more than 50 per cent of the issued share capital (or equivalent) or voting rights of such person (excluding any part of that issued share capital (or equivalent) that carries no right to participate beyond a specified amount in a distribution of either profits or capital);

  • Requisite Majority means, as at any particular time, Passenger Operators whose Vehicle departures from the Station, expressed as a percentage of Total Departures, as at the relevant date, together are at least equal to the percentage specified in paragraph 4 of Annex 8 (or such other percentage as the ORR may specify by notice to the Station Facility Owner and to each Passenger Operator as the new percentage which is to apply for these purposes following the entry into, variation, amendment or termination of an access contract permitting a passenger service operator to use the Station, a Change in Control of any Passenger Operator or any event which results in a material change to the proportion of the Total Departures made by trains operated by or on behalf of any Passenger Operator);

  • 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 percent of the votes represented and entitled to be cast at a meeting thereof.

  • Minority person means a Black American, Hispanic American, Native American (including American Indian, Eskimo, Aleut, and Native Hawaiian), Asian-Indian American (including a person whose origins are from India, Pakistan, or Bangladesh), Asian-Pacific American (including a person whose origins are from Japan, China, the Philippines, Vietnam, Korea, Samoa, Guam, the United States Trust Territories of the Pacific, Northern Marianas, Laos, Cambodia, or Taiwan).

  • 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.

  • 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);

  • Member of the minor s family" means the minor's parent, stepparent, spouse, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption.

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.7

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

  • 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).

  • Supermajority means, with respect to any Class of Notes, the holders of at least 66-2/3% of the Aggregate Outstanding Amount of the Notes of such Class.

  • Majority Owner has the correlative meaning.

  • Majority-Owned Subsidiary of a person means a company fifty percent (50%) or more of the outstanding Voting Securities of which are owned by such person, or by a company which, within the meaning of this paragraph, is a Majority-Owned Subsidiary of such person.

  • Majority in liquidation amount of the Capital Securities means Holder(s) of outstanding Capital Securities, voting together as a class, but separately from the holders of Common Securities, of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all Capital Securities then outstanding.

  • Member of the Board means an individual who is a member of the Board or of the board of directors of a Subsidiary or an Affiliate.

  • Age of majority means the age when the procedural safeguards and other rights afforded to the parent or parents of a student with a disability transfer to the student. In Virginia, the age of majority is 18.

  • Majority Term Lenders at any time, (a) if only one Term Lender holds the Term Loan, such Term Lender; and (b) if more than one Term Lender holds the Term Loan, at least two Term Lenders who hold more than 50% of the principal sum of all Term Loans outstanding; provided that the portion of the Term Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Term Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Majority in Liquidation Amount of the Preferred Securities means a vote by the Holder(s), voting separately as a class, of more than fifty percent (50%) of the aggregate Liquidation Amount of all then outstanding Preferred Securities issued by the Issuer.

  • Note Majority means a majority by principal amount of the Noteholders.