Ordinary Decision definition

Ordinary Decision means any decision of the Majority Secured Creditors which is not a Special Decision.
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Ordinary Decision means any decision required to be taken by the Senior Creditors under the Finance Documents which is not a Special Decision;
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Ordinary Decision has the meaning given to such term in Section 5.3(a).
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Examples of Ordinary Decision in a sentence

  • The Board of Managers may, from time to time, by Ordinary Decision, authorize the Management Team to, on behalf of the Company, surrender or abandon any part of the Properties (the "Abandoned Property").

  • All proposed Programs and Budgets prepared in accordance with this Section 7.4(a) may be adopted only upon a favorable vote of the Board of Managers by way of an Ordinary Decision.

  • The Board of Managers may, by: (a) Ordinary Decision in accordance with Section 5.15(c), adopt such proposed Supplemental Program and Budget and corresponding Funding Plan in respect of a proposed excess over the Regular Overrun Threshold; or (b) Special Majority Decision in accordance with Section 5.16(b), adopt such proposed Supplemental Program and Budget and corresponding Funding Plan in respect of a proposed excess over the Major Overrun Threshold.

  • The Board of Managers shall, within a period of 60 days following the delivery by the Management Team to the Board of Managers of the proposed FS Program and Budget for the preparation and completion of a Feasibility Study, meet to consider such draft FS Program and Budget, together with the Finance and Audit Committee's recommendation in respect thereof, and, if so determined, to adopt such draft FS Program and Budget by Ordinary Decision in accordance with Section 5.15(c).

  • Except in respect of either a Special Majority Decision or a Unanimous Decision and unless otherwise provided in this Agreement, the vote of the Appointees representing Members with an aggregate Percentage Interest greater than 50% shall determine all approvals, decisions and determinations of the Board of Managers (an "Ordinary Decision").

  • Each proposed Closure Program and Budget shall have a Program Period of one Year unless otherwise approved by the Board of Managers by Ordinary Decision and shall be prepared in compliance with any closure plans adopted in respect of the Company from time to time.

  • When Operations at any Mine at the Two Projects and related Facilities cease or are scheduled to cease, the Management Team shall, in accordance with Section 7.4(a), prepare and submit to the Board of Managers for adoption by Ordinary Decision, a Program and Budget and corresponding Funding Plan for Closure Operations in respect of such Mine (a "Closure Program and Budget").

  • At all meetings of the Steering Committee, every question in respect of any Ordinary Decision, shall be decided by the vote of the member of the Steering Committee at the meeting who was appointed by CSERELP, provided that a quorum is present in accordance with terms of reference set forth in Schedule C.

  • They create the opportunity for an increased level of proactive care to be provided in the community and for the system to respond more rapidly to prevent people presenting in crisis.

  • If the Management Committee or the XxxXx Board cannot resolve a voting deadlock in respect of an Ordinary Decision then the process as set out in sections 22.3 and 22.4 shall be followed, with necessary modifications, but such voting deadlock shall not constitute a Dispute for any other purposes of Article 22.


More Definitions of Ordinary Decision

Ordinary Decision means the decisions and approvals from time to time respecting the substance of, or any change (including any Change Order) or amendment to, the following matters (and any capitalized terms used in this definition which are not otherwise defined in this Agreement shall have the meanings ascribed to them in the Development Management Agreement):
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Ordinary Decision has the meaning ascribed thereto in the Project Framework Agreement;
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Ordinary Decision means any instruction, amendment, waiver or consent in relation to this Agreement or the Transaction Security, which is not a Special Decision.
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Related to Ordinary Decision

  • key decision * means an executive decision which is likely to:

  • Adequacy Decision means a decision issued by the European Commission that a country or region or a category of recipients in such country or region is deemed to provide an “adequate” level of data protection.

  • Major Decision means:

  • Adverse decision means any decision by a review agent not to certify an admission,

  • Final Decision means a final action of the commission determining the legal rights, duties, or privileges of any person. “Final decision” does not include preliminary, procedural, or intermediate actions by the commission, actions regulating the internal administration of the commission, or actions of the commission to enter into or refrain from entering into contracts or agreements with vendors to provide goods or services to the commission.

  • CPUC Decisions means CPUC Decisions 00-00-000, 00-00-000, 00-00-000, 00-00-000, 00-00-000, 00-00-000, 00-00-000, 00-00-000, 00-00-000, 00-00-000, 00-00-000, 00-00-000, 00-00-000, 00-00-000, 00-00-000, 00-00-000, 00-00-000, 00-00-000 and any other existing or subsequent decisions, resolutions or rulings related to resource adequacy, as may be amended from time to time by the CPUC.

  • Proposed decision means the presiding officer’s recommended findings of fact, conclusions of law, decision, and order in a contested case in which the administrator did not preside.

  • Final administrative decision means a decision by an agency

  • Control Appraisal Period shall exist with respect to the Mortgage Loan, if and for so long as:

  • Informed decision means a decision by a qualified patient to request and obtain a prescription for medication that the qualified patient may self-administer to end the qualified patient's life in a humane and dignified manner that is based on an appreciation of the relevant facts and that is made after being fully informed by the attending physician of:

  • Administrative merits determination means certain notices or findings of labor law violations issued by an enforcement agency following an investigation. An administrative merits determination may be final or be subject to appeal or further review. To determine whether a particular notice or finding is covered by this definition, it is necessary to consult section II.B. in the DOL Guidance.

  • Required Appraisal means, with respect to each Required Appraisal Loan, an appraisal of the related Mortgaged Property from an Independent Appraiser selected by the party required or authorized to obtain such appraisal hereunder, which appraisal shall be prepared in accordance with 12 CFR ss. 225.62 and conducted in accordance with the standards of the Appraisal Institute or, in the case of a Required Appraisal Loan having a Stated Principal Balance of, or in the case of a Mortgaged Property that has an allocated loan amount of, less than $2,000,000, if no satisfactory (as determined by the Special Servicer pursuant to Section 3.09(a)) appraisal meeting the foregoing criteria was obtained or conducted within the prior 12 months, a "desktop" value estimate performed by the Special Servicer.

  • Independent Expert means a Person or entity with no material current or prior business or personal relationship with the Advisor or the Directors and who is engaged to a substantial extent in the business of rendering opinions regarding the value of assets of the type held by the Company.

  • Audit Committee Financial Expert means a person who has the following attributes:

  • Major Decisions shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement; provided that at any time that Note A-1 is not included in the Lead Securitization, “Major Decision” shall mean:

  • Labor law decision means an administrative merits determination, arbitral award or decision, or civil judgment, which resulted from a violation of one or more of the laws listed in the definition of “labor laws”.

  • Acceptable Appraisal means, with respect to an appraisal of Inventory, the most recent appraisal of such property received by Agent (a) from an appraisal company satisfactory to Agent, (b) the scope and methodology (including, to the extent relevant, any sampling procedure employed by such appraisal company) of which are satisfactory to Agent, and (c) the results of which are satisfactory to Agent, in each case, in Agent’s Permitted Discretion.

  • Construction Change Directive means a written order prepared by Owner Parties and signed by Owner directing Contractor to perform a change in the Work prior to agreeing to a change, if any, to the Contract Time, schedule of performance of the Work, Contract Sum, or Contractor’s compensation.

  • Independent expenditure means an expenditure by a person:

  • return decision means an administrative or judicial decision or act, stating or declaring the stay of a third-country national to be illegal and imposing or stating an obligation to return;

  • Appraisal Subcommittee means the Appraisal Subcommittee of the Federal Financial Institutions Examination Council.

  • Independent Financial Expert means a U.S. investment banking firm of national standing in the United States, (i) which does not, and whose directors, officers and employees or affiliates do not have a direct or indirect material financial interest for its proprietary account in the Company or any of its affiliates and (ii) which, in the judgment of the board of directors of the Company, is otherwise independent with respect to the Company and its affiliates and qualified to perform the task for which it is to be engaged.

  • Approved Appraisal Firm Each of the following firms: Xxxxxxxx Xxxxx, Inc., Duff & Xxxxxx LLC, Lincoln Advisors, Xxxxxx, Xxxxxx and Company and Valuation Research Corporation and (b) each Independent financial adviser of recognized standing retained by the Issuer, the Collateral Manager or the agent or lenders under any Collateral Obligation, as approved by the Collateral Manager.

  • Expert Determination has the meaning given to it in Clause 18.3(a) (Expert Determination).

  • Required Appraisal Loan As defined in Section 3.19(a).

  • Appraisal Reduction Event With respect to any Serviced Loan, the earliest of (i) the date on which such Serviced Loan becomes a Modified Asset, (ii) the date on which such Serviced Loan is 60 days or more delinquent in respect of any Monthly Payment, which does not include a Balloon Payment, (iii) solely in the case of a delinquent Balloon Payment, (A) the date occurring 60 days after the date on which such Balloon Payment was due (except as described in the immediately following clause (B)) or (B) if the related Mortgagor has delivered to the Master Servicer (who shall promptly deliver a copy thereof to the Special Servicer) or the Special Servicer (who shall promptly deliver a copy thereof to the Master Servicer) a refinancing commitment acceptable to the Special Servicer prior to the date 60 days after the Balloon Payment was due, the date occurring 120 days after the date on which the Balloon Payment was due (or such shorter period beyond the date on which that Balloon Payment was due during which the refinancing is scheduled to occur), (iv) the date on which the related Mortgaged Property has become an REO Property, (v) a receiver or similar official is appointed and continues for 60 days in such capacity in respect of the related Mortgaged Property, (vi) 60 days after the related Mortgagor is subject to a bankruptcy, insolvency or similar proceedings, which, in the case of an involuntary bankruptcy, insolvency or similar proceeding, is not dismissed within those 60 days, or (vii) the date on which such Serviced Loan remains outstanding five (5) years following any extension of its maturity date pursuant to Section 3.24 of this Agreement. If an Appraisal Reduction Event occurs with respect to any Serviced Mortgage Loan that is part of a Serviced Loan Combination, then an Appraisal Reduction Event shall be deemed to have occurred with respect to the related Serviced Companion Loan(s). If an Appraisal Reduction Event occurs with respect to any Serviced Companion Loan that is part of a Serviced Loan Combination, then an Appraisal Reduction Event shall be deemed to have occurred with respect to the related Serviced Mortgage Loan and any other Serviced Companion Loan(s) included as part of that Serviced Loan Combination. No Appraisal Reduction Event may occur at any time when the aggregate Certificate Balance of all Classes of Principal Balance Certificates (other than the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-AB Certificates) has been reduced to zero. The Special Servicer shall notify the Master Servicer and the Master Servicer shall notify the Special Servicer, as applicable, promptly upon the occurrence of any of the foregoing events.