Majority Vote of Members definition

Majority Vote of Members shall refer to the affirmative vote, approval or consent of Members holding sixty-seven percent (67%) of the Membership Interests in the aggregate.
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Majority Vote of Members means (i) with respect to any vote, consent, approval or determination of only the Partners, the affirmative vote, consent, approval or determination of the Partners who in the aggregate hold Partnership Percentage Interests representing greater than fifty percent (50%) of all of the Partnership Percentage Interests and (ii) with respect to any vote, consent, approval or determination of the Consortium Members (which the Partners agree will include the votes, consents, approvals and determinations referenced in Section 4.11(a) and such other votes, consents, approvals and determinations for matters pertaining to all of the Consortium Members as set forth in this Agreement), the affirmative vote, consent, approval or determination of the Consortium Members who in the aggregate hold Consortium Percentage Interests representing greater than fifty percent (50%) of all of the Consortium Percentage Interests. For purposes of the preceding sentence, certain Interests shall not be included as provided in Section 4.11(d) hereof.
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Majority Vote of Members means a majority of the members responding to the call for vote;
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Examples of Majority Vote of Members in a sentence

  • Subject to the foregoing, the Manager shall be elected by the Majority Vote of Members holding Voting Securities.

  • In order to correct the journal entries already posted within the 2018 financial year, the journal entry posted for October 2017 was in the amount of $518,086.84 in order to “true-up” the amounts on a year to date basis.

  • A new Managing Member shall be appointed by a Majority Vote of Members on the occurrence of any of the foregoing events.

  • The Members shall have the right, by the affirmative Majority Vote of Members, to approve the merger of the Company.

  • Mike Dennis, The California Prison Guards Union: Still Profiting from Incarceration-mania, CAL.

  • Voting - Except as may otherwise be provided by the New York Act, the Articles of Organization, or this Operating Agreement, the Members shall act by a Majority Vote of Members present or represented by proxy at a meeting duly assembled.

  • All funds of the Company shall be deposited in one or more accounts with one or more recognized financial institutions in the name of the Company, at such locations as shall be determined by a Majority Vote of Members.

  • Upon Majority Vote of Members, the Members may agree to make an initial Capital Contribution in cash.

  • The civil defense argument stems from a single paragraph in the Clay Committee Report:“From the standpoint of civil defense, the capacity of the interstate highways to transport urban populations in an emergency is of utmost importance.

  • In addition, the Members may, with the consent of the Managing Member or Manager, as applicable, vest in the Managing Member or the Manager the authority to take actions for and on behalf of the Company not otherwise provided for in this Agreement or the Management Services Agreement; provided that any such action shall require the Super Majority Vote of Members.


More Definitions of Majority Vote of Members

Majority Vote of Members refers to an action that must receive the affirmative vote of Interests representing at least a majority of the Interests held by Members entitled to vote.
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Majority Vote of Members means and refer to the Members holding more than 50% of the total votes entitled to be cast (as opposed to a majority of those Members attending a meeting). Any specified fraction or percentage of the Members means the Members holding that fraction or percentage of the total votes entitled to be cast. Unless otherwise specified, any provision herein requiring the approval of the Members means the approval of a Majority Vote of Members.
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Majority Vote of Members means the affirmative vote of Members who hold greater than 50% of all of Common Percentage Shares held by Members. For purposes of the preceding sentence, Non-Voting Interests, Section 892 Non-Voting Interests and Common Shares held by the Director, its Affiliates and Defaulting Members shall not be included.
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Majority Vote of Members shall refer to the majority of all votes cast by Members at a meeting thereof at which a quorum exists and does not refer to a majority of the persons at such meeting.
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Related to Majority Vote of Members

  • 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.

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

  • 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.

  • Member board means a state agency in a member state that acts in the sovereign interests of the state by protecting the public through licensure, regulation, and education of physicians as directed by the state government.

  • 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.

  • Voting Members has the meaning set forth in Section 4.07(b).

  • Majority Shareholders means Sxx Xxxxxx, Sxxxx Xxxxx, Mxxxxxx Xxxxx and Gxxxx XxXxxxxx.

  • 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.

  • 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).

  • Meeting of Members means an annual meeting of members or a special meeting of members;

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

  • Majority Stockholders means any Stockholder or combination of Stockholders who at the date of this Agreement own shares of Company Common Stock representing more than two-thirds of the total number of shares of Company Common Stock outstanding at the date of this Agreement.

  • Founding Members means those public school districts, cities, counties, and other governmental units that are signatories to the Joint Powers Agreement and have a voting member serving on the JPA's Board of Directors.

  • Majority in Interest of the Partners on any date (a “vote date”) means one or more persons who are Partners (including the General Partner but excluding Nonvoting Special Partners) on the vote date and who, as of the last day of the most recent accounting period ending on or prior to the vote date (or as of such later date on or prior to the vote date selected by the General Partner as of which the Partners’ capital account balances can be determined), have aggregate capital account balances representing at least a majority in amount of the total capital account balances of all the persons who are Partners (including the General Partner but excluding Nonvoting Special Partners) on the vote date.

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • 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.

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

  • Majority in Interest of the Members means Members whose Percentage Interests aggregate to greater than fifty percent of the Percentage Interests of all Members.

  • Voting Member means a Member holding one or more Voting Shares.

  • 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.

  • Board of Managers means the Board of Managers of the Company.

  • Majority Shareholder means a holder of more than fifty percent (50%) of the outstanding stock of the Company, or if no person holds more than fifty percent (50%) of the outstanding stock of the Company, the holder of a plurality of the outstanding stock of the Company.

  • Sub-Committee means a committee of a committee created by the Board.

  • Majority Participating Holders means Participating Holders holding more than 50% of the Registrable Securities proposed to be included in any offering of Registrable Securities by such Participating Holders pursuant to Section 2.1 or Section 2.2.

  • Presiding Member means the presiding member of a committee or the deputy presiding member, or a member of the committee when performing a function of the presiding member in accordance with the Act;