Majority Voting Power definition

Majority Voting Power means a majority of the voting power in the election of directors of all outstanding voting securities of the Person in question.
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Majority Voting Power means a majority of the ordinary voting power in the election of directors of all the outstanding voting securities of the resulting Business Entity or of the Party, respectively.
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Majority Voting Power of the Company means a majority of the ordinary voting power in the election of directors of all the outstanding Voting Securities of the Company.
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Examples of Majority Voting Power in a sentence

  • Regulating Majority Voting Power When shareholders exercise their voting rights in the GM, the basic rule is there is no general duty of good faith owed by shareholders to each other.38 The voting right is considered a proprietary right and can be exercised for a shareholder’s own interest, regardless whether that interest is against the company’s or the other shareholders’ interest.39In practice, controlling shareholders’ voting power does subject to certain limitations in common law.

  • He said that BHPD’s policies on the use of force already comply with recommendations put forward bythe International Association of Chiefs of Police in response to the George Floyd incident and that he holds his officers to the highest standards in their interactions with the public.


More Definitions of Majority Voting Power

Majority Voting Power of the resulting corporation or of the Company shall mean a majority of the ordinary voting power in the election of directors of all the outstanding voting securities of the resulting corporation or of the Company, respectively.
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Majority Voting Power. With respect to any person, either (a) the power to elect or direct the election of a majority of the board of directors or other similar body of such person or the power to control such person by contract or as the managing member or general partner (or other equivalent status) of such person, or (b) ownership of Equity Securities representing a majority of the voting interests of such person. member A person who holds shares in the Company and whose name is entered in the Company’s register of members as the registered holder of such shares. Memorandum The Memorandum of Association of the Company as originally framed or as from time to time amended, and including the Share Transfer Restrictions and the Preemptive Rights. New Member A member who acquired its shares under the Subscription Agreement. Offering The offering and sale of Preference Shares by the Company and certain members pursuant to the Subscription Agreement. Order Any award, injunction, judgment, decree, order, ruling, subpoena, assessment, writ or verdict or other decision issued, promulgated or entered by or with any Governmental Authority of competent jurisdiction. person An association, a corporation, an individual, a partnership, a limited liability company, a trust or any other entity or organization, including a Governmental Authority. Preemptive Rights The preemptive rights set out in Article I of the Schedule to the Memorandum entitled “Preemptive Rights”.
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Majority Voting Power of the Company means a majority of the ordinary voting power in the election of directors of all the outstanding Voting Securities of the Company. “Mergers” has the meaning set forth in the recitals. “Merger Agreement” has the meaning set forth in the recitals. “MSD COF Master Fund” has the meaning set forth in Section 1.1(b)(i). “MSD Direct Transferee” means any person that acquires (other than in a registered public offering or through a broker’s transaction executed on any securities exchange or other over-the-counter market) directly from the MSD Parties or any of their respective affiliates or successors or any “group,” or any member of any such group, of which such persons are a party under Rule 13d-5 of the Exchange Act beneficial ownership of 5% or more of the then-outstanding voting stock of the Company. “MSD Group” means the MSD Parties, MSD Partners, L.P., MSD Capital, L.P., and any Person that directly or indirectly is controlled by, controls, or is under common control with MSD Partners, L.P. or MSD Capital, L.P., and shall include any principal, member, director, partner, stockholder, officer, employee, manager, direct or indirect owner or other representative of any of the foregoing. “MSD Indirect Transferee” means any person that acquires (other than in a registered public offering or through a broker’s transaction executed on any securities exchange or other over-the-counter market) directly from any MSD Direct Transferee or any other MSD Indirect Transferee beneficial ownership of 5% or more of the then-outstanding voting stock of the Company. “MSD Parties” means, collectively, MSD COF Master Fund, MSD Credit Opportunity Fund X, LLC and MSD Energy Investments, L.P., provided, that each such Person shall no longer be deemed to be an MSD Party following such time as it no longer holds any Shares. “MSD Percentage Interest” means, as of any date of determination, the percentage represented by the quotient of (i) the number of Voting Securities that are then-Beneficially Owned by the MSD Parties and their respective Affiliates and (ii) the number of all then-outstanding Voting Securities. “MSD Representative” has the meaning set forth in Section 1.3. “NYSE” means the New York Stock Exchange. “Permitted Black-Out Period” means a period in respect of which the Company has furnished to the MSD Parties a certificate 19 DB1/ 97884447.26
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Majority Voting Power of the Company means a majority of the ordinary voting power in the election of directors of all the outstanding Voting Securities of the Company. “Mergers” has the meaning set forth in the recitals. “Merger Agreement” has the meaning set forth in the recitals. “Nominated Non-Investor Directors” has the meaning set forth in Section 2.5. “Non-Affiliated Directors” means a director who qualifies as “independent” under the rules of the NYSE or the rules of such other national securities exchange on which the Company Common Stock is then listed or trading and who is not a Board Representative. “Non-Investor Director” means a director who is not a Board Representative. “NYSE” has the meaning set forth in Section 2.3(e). “Pending Underwritten Offering” has the meaning set forth in Section 3.12. “Permitted Transferee” means (i) any Affiliate of the Investor and (ii) any holder of membership interests in the Investor and each of such holders’ direct and indirect equity holders. “Person” means an individual, a partnership, a joint venture, a corporation, a limited liability company, a trust, an unincorporated organization or a government or department or agency thereof. -27-
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Majority Voting Power of the Company means a majority of the ordinary voting power in the election of directors of all the outstanding Voting Securities of the Company. “Mergers” has the meaning set forth in the recitals. “Merger Agreement” has the meaning set forth in the recitals. “MSD COF Master Fund” has the meaning set forth in Section 1.1(b)(i). “MSD Direct Transferee” means any person that acquires (other than in a registered public offering or through a broker’s transaction executed on any securities exchange or other over-the-counter market) directly from the MSD Parties or any of their respective affiliates or successors or any “group,” or any member of any such group, of which such persons are a party under Rule 13d-5 of the Exchange Act beneficial ownership of 5% or more of the then-outstanding voting stock of the Company. “MSD Group” means the MSD Parties, MSD Partners, L.P., MSD Capital, L.P., and any Person that directly or indirectly is controlled by, controls, or is under common control with MSD Partners, L.P. or MSD Capital, L.P., and shall include any principal, member, director, partner, stockholder, officer, employee, manager, direct or indirect owner or other representative of any of the foregoing. “MSD Indirect Transferee” means any person that acquires (other than in a registered public offering or through a broker’s transaction executed on any securities exchange or other over-the-counter market) directly from any MSD Direct Transferee or any other MSD Indirect Transferee beneficial ownership of 5% or more of the then-outstanding voting stock of the Company. “MSD Parties” means, collectively, MSD COF Master Fund, MSD Credit Opportunity Fund X, LLC and MSD Energy Investments, L.P., provided, that each such Person shall no longer be deemed to be an MSD Party following such time as it no longer holds any Shares. “MSD Percentage Interest” means, as of any date of determination, the percentage represented by the quotient of (i) the number of Voting Securities that are then-Beneficially Owned by the MSD Parties and their respective Affiliates and (ii) the number of all then-outstanding Voting Securities. “MSD Representative” has the meaning set forth in Section 1.3. “NYSE” means the New York Stock Exchange. “Permitted Black-Out Period” means a period in respect of which the Company has furnished to the MSD Parties a certificate 19 DB1/ 97884447.26
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Related to Majority 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).

  • Voting Power means, with respect to any Person, the exclusive ability to control, through the ownership of shares of capital stock, partnership interests, membership interests or otherwise, the election of members of the board of directors or other similar governing body of such Person. The holding of a designated percentage of Voting Power of a Person means the ownership of shares of capital stock, partnership interests, membership interests or other interests of such Person sufficient to control exclusively the election of that percentage of the members of the board of directors or similar governing body of such Person.

  • 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.

  • 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.

  • Outstanding Voting Securities of any Person means the outstanding securities of such Person entitling the holders thereof to vote generally in the election of directors of such Person.

  • 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).

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

  • 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.

  • Special Voting Units means, collectively, special voting units of the REIT, and “Special Voting Unit” means any one of them.

  • 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.

  • Single Series Extraordinary Resolution means a resolution passed at a meeting of Noteholders duly convened and held in accordance with the procedures prescribed by the Issuer and the Fiscal Agent pursuant to Condition 14(a) (Convening Meetings of Noteholders; Conduct of Meetings of Noteholders; Written Resolutions) by a majority of:

  • Super Majority has the meaning set forth in paragraph 5(b) of Annex I.

  • Voting Rights The portion of the voting rights of all of the Certificates which is allocated to any Certificate. As of any date of determination, (a) 1% of all Voting Rights shall be allocated to each Class of Notional Amount Certificates, if any (such Voting Rights to be allocated among the holders of Certificates of each such Class in accordance with their respective Percentage Interests), and (b) the remaining Voting Rights (or 100% of the Voting Rights if there is no Class of Notional Amount Certificates) shall be allocated among Holders of the remaining Classes of Certificates in proportion to the Certificate Balances of their respective Certificates on such date.

  • Voting shall have a correlative meaning.

  • Voting Parity Stock means, with regard to any matter as to which the holders of Designated Preferred Stock are entitled to vote as specified in Sections 7(a) and 7(b) of these Standard Provisions that form a part of the Certificate of Designations, any and all series of Parity Stock upon which like voting rights have been conferred and are exercisable with respect to such matter.

  • Voting Preferred Stock means, with regard to any election or removal of a Preferred Stock Director (as defined in Section 8(b) below) or any other matter as to which the holders of Series E are entitled to vote as specified in Section 8 of this Certificate of Designations, any and all series of Preferred Stock (other than Series E) that rank equally with Series E either as to the payment of dividends or as to the distribution of assets upon liquidation, dissolution or winding up of the Corporation and upon which like voting rights have been conferred and are exercisable with respect to such matter.