Qualified Majority definition

Qualified Majority means two-thirds majority of persons taking part in the vote, not counting abstentions.

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Qualified Majority means, with respect to a series of Securities, a meeting at which the Holders of at least two-thirds of the aggregate principal amount of Outstanding Securities of such series are present, in person or by proxy, and a vote of two-thirds is cast with respect to those Outstanding Securities present; provided, however, if the required percentage of a particular series of Securities present, in person or by proxy, does not reach two-thirds at an initial meeting of Holders of such Securities, a Qualified Majority will still exist if at a second meeting of Holders of such Securities a vote of the Holders of two-thirds of the Outstanding Securities present, in person or by proxy, is cast, irrespective of the amount of Securities represented at that meeting.

Qualified Majority means in relation to a decision of the Board, a majority of the Board including both of the Creditor Directors and at least one of the Independent Directors;

Examples of Qualified Majority in a sentence

• However, the Steering Committee may decide by a Qualified Majority to re-open the Membership of the Consortium at any time, provided that it would then inform all companies that have declared an interest in joining the Consortium after the initial closing date and that it would adequately advertise this opening for a minimum of one month before closing again the Membership of the Consortium.

• The Consortium may be dissolved by a Qualified Majority of the Steering Committee.

• Except for those cases in which this Agreement requires a decision to be made by a Qualified Majority of the Steering Committee (see Article 1.18), decisions shall be made by a two/third (2/3) majority of those Steering Committee Members present, provided that a Quorum is present.

• The Uses of the Substances for any aerospace products, aerospace support system, or aerospace derivative product (whether Commercial or Military) as determined by a Qualified Majority of the Steering Committee and subsequently described in Appendix 4 hereto.

• The Chair can be requested to withdraw from his/her position during a term by a Qualified Majority of the Steering Committee or may resign during the term, in which case the Chair will be replaced by the Deputy Chair until a new Chair is elected at the next Steering Committee.

More Definitions of Qualified Majority

Qualified Majority means a majority of at least 75% of the current allocated votes in accordance with Art. 14 and less than half of the countries represented by Shareholders voted against.

Qualified Majority means at least two thirds of all votes cast; "Total Vote" means the sum of the votes of the Member States, and "Votes Cast" means the sum of affirmative and negative votes.

Qualified Majority means the holders of a majority of the aggregate principal amount of the applicable series of Notes.

Qualified Majority means a majority of not less than 75 percent of the votes cast in any vote of the Holders.

Qualified Majority means at least two thirds of all votes cast.

Qualified Majority means, in the case of a vote of the Board, (i) a Simple Majority voting in the affirmative and (ii) Directors representing less than fifteen percent (15%) of the entire Board voting in opposition.

Qualified Majority means, in the case of a vote of the Board of Directors, (i) a Simple Majority voting in the affirmative and (ii) directors representing less than fifteen percent (15%) of the entire Board of Directors voting in opposition.