Majority of the Voting Power definition

Majority of the Voting Power means, with respect to any Entity, a majority of the voting power represented by all of the shares of stock, units or other interests entitled (without regard to the occurrence of any contingency) to vote in connection with the election or appointment of directors, managers, trustees or other members of the applicable governing body of such Entity, or if no such governing body exists at such Entity, a majority of the voting power represented by the shares of stock, units or other interests entitled (without regard to the occurrence of any contingency) to vote at a meeting of the equityholders of such Entity. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity if such Person or Persons would be allocated a majority of limited liability company, partnership, association or other business entity gains or losses, or if such Person or Persons is, or Controls, the managing member or general partner of such limited liability company, partnership, association or other business entity.
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Majority of the Voting Power means the affirmative votes of those Directors whose aggregate votes equal or exceed a majority of the number of Directors comprising the full Board. As used in this Agreement, a “Supermajority of the Voting Power” means the affirmative votes of those Directors whose aggregate votes equal or exceed a majority of the number of Directors comprising the full Board, provided that at least one (1) such vote is the affirmative vote of a Carbon Designee for so long as Carbon is entitled to designate Directors and is not a Defaulting Member.
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Majority of the Voting Power has the meaning set forth in Section 6.2(b).
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Examples of Majority of the Voting Power in a sentence

  • Any director elected by the Community Members may be removed, with or without cause, by a Majority of the Voting Power, and any director elected by Equity Golf, Cottage Golf, and Corporate Golf Members may be removed, with or without cause, by a Majority of the votes cast by Equity Golf, Cottage Golf, and Corporate Golf Members.

  • Except for those matters requiring approval of a Supermajority of the Voting Power pursuant to Section 2.4(b), approval by a Majority of the Voting Power shall be the act and approval of the Board.

  • In connection with a dissolution of the Company in accordance with Article VII, the Company may distribute property other than cash and Marketable Securities with the approval of a Majority of the Voting Power.

  • A quorum shall exist when a number of Directors representing at least a Majority of the Voting Power is present in person or by proxy.

  • Action required or permitted to be taken at a meeting of Directors may be taken without a meeting if the action is evidenced by one or more written consents describing the action taken, signed by at least a Majority of the Voting Power (if the action requires approval of a Majority of the Voting Power) or signed by at least a Supermajority of the Voting Power (if the action requires approval of a Supermajority of the Voting Power).

  • Except as otherwise specified in the Articles or these Bylaws, the votes of Members entitled to cast a Majority of the Voting Power represented in person, by proxy, or by ballot, assuming a quorum exists, shall decide matters put to a vote of the Membership.

  • Except as set forth in Section 10.8, these Bylaws may be amended only by the affirmative vote (in person or by proxy) or written consent of Members representing a Majority of the Voting Power of the Members.

  • Unless a greater percentage is required by this Declaration or by the Articles or Bylaws, all decisions requiring a vote of the Members shall be determined by a Majority of the Voting Power of all Members.

  • Id. § 6.8(a).The Caiman LLC Agreement defines Majority Board Approval as the approval of those Managers having the Majority of the Voting Power.


More Definitions of Majority of the Voting Power

Majority of the Voting Power means those Managers whose aggregate votes equal or exceed a majority of the votes possessed by the Entire Board.
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Majority of the Voting Power means the affirmative votes of those Directors whose aggregate votes equal or exceed a majority of the number of Directors comprising the full Board. As used in this Agreement, a “Supermajority of the Voting Power” means the affirmative votes of those Directors whose aggregate votes equal or exceed a majority of the number of Directors comprising the full Board, provided that at least one (1) such vote is (i) the affirmative vote of a Carbon Designee for so long as Carbon is entitled to designate Directors and is not a Defaulting Member or (ii) the affirmative vote of a Yorktown Designee for so long as Yorktown is entitled to designate Directors and is not a Defaulting Member; provided, however, that for purposes of Section 2.4(b)(vii), Section 2.4(b)(viii), and, to the extent relating to any matter approved pursuant to Section 2.4(b)(vii) or Section 2.4(b)(viii), Section 2.4(b)(ix), a “Supermajority of the Voting Power” means the affirmative votes of those Directors whose aggregate votes equal or exceed a majority of the number of Directors comprising the full Board, provided that at least one (1) such vote is the affirmative vote of a Yorktown Designee for so long as Yorktown is entitled to designate Directors and is not a Defaulting Member.
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Related to Majority of the Voting Power

  • Total Voting Power means, with respect to any Person, the total number of votes which may be cast in the election of directors of such Person at any meeting of stockholders of such Person if all securities entitled to vote in the election of directors of such Person (on a fully diluted basis, assuming the exercise, conversion or exchange of all rights, warrants, options and securities exercisable for, exchangeable for or convertible into, such voting securities) were present and voted at such meeting (other than votes that may be cast only upon the happening of a contingency).

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

  • Combined Voting Power means the aggregate votes entitled to be cast generally in the election of the Board of Directors, or similar managing group, of a corporation or other entity by holders of then outstanding Voting Securities of such corporation or other entity.

  • Voting Power means the voting power of all securities of the Company then outstanding and generally entitled to vote for the election of directors of the Company.

  • 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.

  • Total Current Voting Power means, with respect to any entity, at the time of determination of Total Current Voting Power, the total number of votes which may be cast in the election of members of the board of directors of the corporation if all securities entitled to vote in the election of such directors are present and voted (or, in the event the entity is not a corporation, the governing members, board or other similar body of such entity).

  • e-voting means voting using either the internet, telephone or text message; “e-voting information” has the meaning set out in rule 24.2;

  • vote of a majority of the outstanding voting securities" shall mean the vote of the lesser of (a) 67 per centum or more of the shares of the Fund present or represented by proxy at the meeting if the holders of more than 50 per centum of the outstanding shares of the Fund are present or represented by proxy at the meeting, or (b) more than 50 per centum of the outstanding shares of the Fund.

  • Special Voting Share means the one share of Series B special voting preference stock with no par value, issued by US Gold to and deposited with the Trustee, which entitles the holder of record to a number of votes at meetings of holders of shares of US Gold Common Stock equal to the number of Exchangeable Shares outstanding from time to time that are held by Beneficiaries.

  • Majority of the Trustees means a majority of the Trustees in office at the time in question. At any time at which there shall be only one (1) Trustee in office, such term shall mean such Trustee.

  • 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.

  • Simple Majority means a decision made by the Management Committee by more than 50% of the votes represented and entitled to be cast at a meeting thereof.

  • Majority Interests Vote means the vote, at a meeting of Holders, of (A) 67% or more of the Interests present or represented at such meeting, if Holders of more than 50% of all Interests are present or represented by proxy, or (B) more than 50% of all Interests, whichever is less.

  • Subordinate Voting Shares means subordinate voting shares in the capital of the Company.

  • Majority Shareholder Vote means a vote of “a majority of the outstanding voting securities” (as such term is defined in the 0000 Xxx) of the Trust with each class and series of Shares voting together as a single class, except to the extent otherwise required by the 1940 Act or this Declaration with respect to any one or more classes or series of Shares, in which case the applicable proportion of such classes or series of Shares voting as a separate class or series, as the case may be, also will be required.

  • Company Voting Securities means the combined voting power of all outstanding voting securities of the Company entitled to vote generally in the election of directors to the Board.

  • entire Board of Directors means the total number of directors which the Corporation would have if there were no vacancies.

  • Unit Majority means (i) during the Subordination Period, at least a majority of the Outstanding Common Units (excluding Common Units owned by the General Partner and its Affiliates), voting as a class, and at least a majority of the Outstanding Subordinated Units, voting as a class, and (ii) after the end of the Subordination Period, at least a majority of the Outstanding Common Units.

  • Company Board of Directors means the board of directors of the Company.

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

  • Vote ’ means one of the main segments into which a budget of a municipality is divided for the appropriation of funds for the different departments or functional areas of the municipality; and which specifies the total amount that is appropriated for the purposes of the department or functional area concerned.

  • Majority in liquidation amount of the Securities means Holder(s) of outstanding Securities voting together as a single class or, as the context may require, Holders of outstanding Capital Securities or Holders of outstanding Common Securities voting separately as a class, who are the record owners 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 outstanding Securities of the relevant class.

  • Outstanding Voting Securities means the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally in the election of directors.

  • Outstanding Company Voting Securities means outstanding voting securities of the Company entitled to vote generally in the election of directors; and any specified percentage or portion of the Outstanding Company Voting Securities (or of other voting stock or voting securities) shall be determined based on the relative combined voting power of such securities;

  • 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.

  • 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.