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.
Majority Vote means the approval of, or the affirmative vote by, Members holding a majority of the Units held by Members.
Majority Vote. With respect to Members, the vote or written consent of Members holding a majority of the Ownership Percentages held by all such Members entitled to vote on or consent to the issue in question.
Examples of Majority Vote in a sentence
Economic Members of the Company acting by way of a Super Majority Vote may elect to remove the Managing Member at any time if the Managing Member is found by a non-appealable judgment of a court of competent jurisdiction to have committed fraud in connection with a Series or the Company and which has a material adverse effect the Company.
More Definitions of Majority Vote
Majority Vote means the affirmative vote of Members holding (i) 67% or more of the voting power (determined in accordance with Section 3.3(i) hereof) present at any duly called meeting, if the holders of more than 50% of the outstanding voting power of the Company are present or represented by proxy; or (ii) more than 50% of the outstanding voting power of the Company, whichever is less; or such greater or lesser percentage vote as defined and currently in effect under the 1940 Act.
Majority Vote means, in the case of a vote of the Members, a vote of the Members holding 50% or more of the membership interests of the Company.
Majority Vote. – shall mean a vote where over half of the Members present, and eligible to vote, vote in the same manner.
Majority Vote means the affirmative vote of a majority of the Board of Directors, including the affirmative vote of a majority of the Independent Directors.
Majority Vote means the vote or written consent of holders of outstanding shares of Preferred Stock, voting as a separate class on an as-converted basis, representing a majority of the aggregate Accumulated Amount on all outstanding shares of Preferred Stock.
Majority Vote means an affirmative vote of more than one half of the Members present and voting;