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 (i) with respect to any vote, consent, approval or determination of only the Members, the affirmative vote, consent, approval or determination of the Members who in the aggregate hold Company Percentage Interests representing greater than fifty percent (50%) of all of the Company Percentage Interests and (ii) with respect to any vote, consent, approval or determination of the Consortium Members (which the Members 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 members of the Consortium 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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Examples of Majority Vote of Members in a sentence

  • The Company has reserved the right to issue additional equity securities (other than the Units being offered pursuant to this Offering), if raising such additional capital is approved by a Majority Vote of Members or is otherwise authorized under the LLC Agreement.

  • In addition, a meeting of Consortium Members may be called by a Majority Vote of Members to discuss any matter put forward by the Consortium Members calling the meeting and for any other purpose reasonably related to their interests as Consortium Members and to vote on any matters on which Consortium Members are entitled to vote pursuant to the terms of this Agreement.

  • The Tax Matters Partner shall remain as the Tax Matters Partner so long as it retains any ownership interests in the Company unless the Tax Matters Partner requests that it not serve as Tax Matters Partner and such request is approved by (i) a Super-Majority Vote of the Members, if such request is made prior to the Flip Date or (ii) the Majority Vote of Members, if such request is made after the Flip Date.

  • Except as provided in Section 11.1, amendments to this Agreement shall be made only upon the consent of a Majority Vote of Members.

  • 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.

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

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

  • In the event that a specific proposal for the restructuring of this Agreement is approved by the Board and a Majority Vote of Members, such restructured agreement shall become binding upon all Members of the Company.

  • The Tax Matters Member will be subject to removal upon the written request of a majority in interest of the Class B Members through the fourth anniversary of the Flip Date and, thereafter, by a Majority Vote of Members.

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


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 a majority of the members responding to the call for 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 two-thirds of all of the members of the Operating Committee or any Subcommittee, as applicable, authorized to cast a vote with respect to a matter presented for a vote (whether or not such a member is present at any meeting at which a vote is taken) by the Operating Committee or any Subcommittee, as applicable (excluding, for the avoidance of doubt, any member of the Operating Committee or any Subcommittee, as applicable, that is recused or subject to a vote to recuse from such matter pursuant to Section 4.3(d)); provided that if two-thirds of all of such members authorized to cast a vote is not a whole number then that number shall be rounded up to the nearest whole number.

  • 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.

  • 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.

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

  • Majority Shareholders means Xxxxxxx X. Xxx and Xxxxxxx X. Xxxxxxx.

  • 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 in Interest of the Limited Partners means Limited Partners holding in the aggregate Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all Limited Partners.

  • 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 the collective reference to American Multi-Cinema, Inc., a Missouri corporation, Cinemark Media, Inc., a Delaware corporation, and Regal CineMedia Holdings, LLC, a Delaware limited liability company.

  • 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.

  • 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;