Majority of the Owners definition

Majority of the Owners means the Owners of Units to which more than fifty percent (50%) of the votes in the Unit Owners' Association appertain. Any specified percentage of the Owners means the Owners of such number of Units to which the specified percentage of the votes in the Unit Owners' Association appertain.
Sample 1
Majority of the Owners means, with respect to any matter presented to the Owners for a vote, the Owners of more than fifty percent (50%) in the aggregate of the Undivided Interests held by Owners entitled to vote at the time such vote is taken.
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Majority of the Owners means Owners of thirty-five percent (35%) or more of the aggregate Percentage Interests of the Units. Any reference to any other specified percentage of the Owners means the Owners owning such specified percentage of the aggregate Percentage Interests of the Units.
Sample 1

Examples of Majority of the Owners in a sentence

  • No Director shall receive any compensation from the Association for acting as such unless approved by a Majority of the Owners.

  • At any meeting of Owners, a Majority of the Owners who are present at that meeting, either in person or by proxy, may adjourn the meeting to another time.

  • Within 90 days after the date of the Relinquishment Notice, the Owners shall by vote of the Required Majority of the Owners designate another party to serve as Approving Agent.

  • Any Capital Improvements, the cost of which will exceed the amount described in Section 3.18(a) must prior to the commencement of construction, be authorized by at least a Majority of the Owners.

  • No officer who is a member of the Board may receive any compensation from the Association for acting as an officer, unless the compensation is authorized by a vote of a Majority of the Owners.

  • No director shall receive any compensation from the Association for acting as a director unless approved by a Majority of the Owners.

  • The Owners may, by an affirmative vote of a Super Majority of the Owners, at a meeting of Owners duly called for such purpose, elect to sell or otherwise dispose of the Property.

  • The Air Services Group of the Environmental Protection Department (EPD) operates a network of 14 Air Quality Monitoring Stations in Hong Kong.

  • Any special assessment which would cause the amount of special assessments allocable to any Lot to exceed this limitation shall be effective only if approved by a Majority of the Owners.

  • If the proposed budget increases the assessment in excess of a percentage equal to the annual rate of inflation as measured by the Consumer Price Index for All Urban Consumers for the immediately preceding twelve (12) month period, then the budget and the assessment shall become effective upon approval of the budget by a Majority of the Owners.


More Definitions of Majority of the Owners

Majority of the Owners means and refer to (a) Owners holding a majority of the Voting Interests as defined in paragraph 1.32 below , if an association has not been created pursuant to paragraph 8.3, below, or (b) Owners holding a majority of the Voting Interests in the association, if created pursuant to paragraph 8.3, below.
Sample 1
Majority of the Owners means and refers to the owners of a majority in number of the Lots.
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Majority of the Owners means more than Fifty Percent (50%) of the total Percentage Interest.
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Majority of the Owners means the Owners of the Units owning more than fifty (50%) percent of the voting power based on the percentage of undivided interest in the Common Areas.
Sample 1
Majority of the Owners means those Owners owning town home Lots to which more than fifty percent of the aggregate Percentage Interests actually voted in person or by proxy at a duly convened meeting at which a quorum is present. Any specified percentage of the Owners shall mean the Owners owning town home Lots to which such percentage of Percentage Interests appertain with respect to the total Percentage Interests voting at such a meeting.
Sample 1

Related to Majority of the Owners

  • 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).