Majority of the Owners definition

Majority of the Owners means the Owners of the Units to which more than sixty- seven (67%) percent of the votes in the Association appertain. Any specified percentage of the Owners means the Owners of Units to which the specified percentage of the votes in the Association appertains.
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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.
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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.

  • For such other lawful purpose related to the use of the Properties as the Board or the Owners may determine, provided that this assessment will have the approval of a Majority of the votes of the Members who are voting in person or by proxy at a meeting duly called for this purpose, provided a Majority of the Owners are present in person or by proxy at such meeting.

  • The Association may increase the maximum Annual Assessment rate by more than the amount specified in the preceding sentence only upon receipt of a Majority of the votes of the Members who own Lots who are present in person or represented by proxy at a meeting called for vote on the proposed increase, provided a Majority of the Owners are present in person or by proxy at such meeting.

  • If L1 is not ‘local supplier', the lowest bidder among the ‘local supplier', will be invited to match the L1 price subject to Class-I local supplier's quoted price falling within the margin of purchase preference of 20% percent, and the contract shall be awarded to such ‘local supplier' subject to matching the L1 price.

  • RESPIRATORY ILLNESS: Number of Residents with new onset of respiratory illness symptoms, excluding positive lab tests COVID-19 and/or influenza (flu).

  • 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.

  • 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.

  • A difference arising among Owners as to a matter in the ordinary course of the activities of the LLC may be decided by a Majority of the Owners.

  • To effect the conversion, a Majority of the Owners must execute and file a certificate of conversion under Section 15-8-11.

  • Except during the Declarant Control Period, whenever in the judgment of the Executive Board any Common Areas shall require additions, alterations or improvements costing in excess of Twenty-Five Thousand Dollars during any period of twelve consecutive months, the making of such additions, alterations or improvements requires the prior approval of a Majority of the Owners, and the Executive Board shall assess all Owners benefited for the cost thereof as a Common Expense.


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.
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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.
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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.
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Related to Majority of the Owners

  • special majority means the majority of votes described in §11.2 which is required to pass a special resolution.

  • 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.

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.8

  • Simple Majority means a resolution passed by more than 50% of those Members voting on the resolution either present (which shall include those present but not in Person) at a general meeting or represented by proxy, or in the case of a written resolution by Members signing the resolution. In the context of a Board meeting, Simple Majority means a resolution passed by more than 50% of those Directors voting on the resolution either present (which shall include those present but not in Person) at a Board meeting, or in the case of a written resolution by Directors signing the resolution;

  • 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);

  • 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).

  • 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.

  • 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.

  • Lead Member of the Bidding Consortium or “Lead Member” shall mean a company who commits at least twenty six percent (26%) equity stake in the Project, meets the technical requirement as per Clause 2.1.2 and so designated by other Member(s) in Bidding Consortium;

  • Majority in Interest of the Limited Partners means Limited Partners (other than the General Partner and any Limited Partner 50% or more of whose equity is owned, directly or indirectly, by the General Partner) holding Percentage Interests that in the aggregate are greater than fifty percent (50%) of the aggregate Percentage Interests of all Limited Partners (other than the General Partner and any Limited Partner 50% or more of whose equity is owned, directly or indirectly, by the General Partner).

  • 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 Owner has the correlative meaning.