Required Board Vote definition

Required Board Vote means approval of an action by the Board of Directors by the affirmative vote of two-thirds of the members of the Board of Directors voting on the action.
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Required Board Vote means, until the end of the Term (as defined in the Capacity Purchase Agreement), unless at such time CAL beneficially owns Common Shares representing at least 5% of the Voting Power of the Common Shares then outstanding, in which case until such time as CAL ceases to beneficially own Common Shares representing at least 5% of the Voting Power of the Common Shares then outstanding, approval of such action by the unanimous affirmative vote of the Whole Board.
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Required Board Vote means approval of an action by the Board of Directors by the affirmative vote of two-thirds
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Examples of Required Board Vote in a sentence

  • WHEREAS, the Company and the Rights Agent are parties to the Rights Agreement dated as of November 20, 1998 (the "Rights Agreement"); and WHEREAS, the Company has determined that the amendments to the Rights Agreement set forth herein are desirable and directed the Rights Agent to agree to such amendments; and WHEREAS, the amendments set forth herein have been approved by the Required Board Vote on February 8, 2000.

  • The Board of Directors, by the Required Board Vote, shall have the exclusive power and authority to administer and interpret the provisions of this Agreement and to exercise all rights and powers specifically granted to the Board of Directors or the Company or as may be necessary or advisable in the administration of this Agreement.

  • Notwithstanding anything else to the contrary set forth herein, in no event shall any Person or group of Persons entitled to designate directors for appointment to the Board pursuant to Section 6 be entitled to assign such rights without Required Board Vote.

  • Subject to the rights of any such Person to appoint a Purchased Equity Director pursuant to paragraph 6I, in the event that any of MWJS, GMcG, APJS, IJC or FB is removed or resigns from the Board, any Subsidiary Board or any committee thereof, any replacement director shall be appointed by Required Board Vote.

  • As of and after the date that any Eligible Purchased Equity Holder ceases to satisfy the applicable Minimum Investment Condition or the Purchased Equity Director has become ineligible to serve as a director as a matter of law, upon Required Board Vote, the Purchased Equity Director shall resign or be removed from the Board, and the Investors shall take all actions to remove such Purchased Equity Director.

  • Any appointment or removal of a director shall be effected by delivery to the Company’s registered office of written notice signed by or on behalf of the Investor or Investors making such appointment or removal or, in the case of an appointment or removal in connection with a Required Board Vote, shall be effected by the taking of the necessary board action and, in each case, shall take effect upon such delivery or, if later, any effective date stated in the notice or resolution, as the case may be.

  • Notwithstanding the foregoing, no amendment, modification or waiver of any such side letter agreement after the date hereof shall be effective without Required Board Vote.

  • Seller has terminated no employees during the ninety (90) day period prior to the date of this Agreement.

  • The Board of Directors, by the Required Board Vote, shall have the exclusive power and authority to administer and interpret the provisions of this Agreement and to exercise all rights and powers specifically granted to the Board of Directors or the Company or as may be necessary or advisable in the administration of this -57- Agreement.

  • Unless otherwise agreed by Required Board Vote, any such director appointed pursuant to this paragraph 6G shall be removed or replaced on the Board only by Required Board Vote.


More Definitions of Required Board Vote

Required Board Vote means approval of an action by the Board of Directors by the affirmative vote of two-thirds of the Whole Board, including the affirmative vote of two-thirds of the Continuing Directors then in office; provided that with respect to any action to amend, eliminate or otherwise change clause (v) or clause (vi) of the definition of Exempt Person or to change this definition of "Required Board Vote," the term "Required Board Vote" shall mean, until the end of the Term (as defined in the Capacity Purchase Agreement), unless at such time CAL beneficially owns Common Shares representing at least 5% of the Voting Power of the Common Shares then outstanding, in which case until such time CAL ceases to beneficially own Common Shares representing at least 5% of the Voting Power of the Common Shares then outstanding, approval of such action by the unanimous affirmative vote of the Whole Board.
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Required Board Vote means approval of an action by the Board of Directors by the affirmative vote of two-thirds of the Whole Board, including the affirmative vote of two-thirds of the Continuing Directors then in office; provided that with respect to any action to amend, eliminate or otherwise change clause (v) of the definition of Exempt Person or to change this definition of "Required Board Vote," the term "Required Board Vote" shall mean, until the end of the Term (as defined in the Capacity Purchase Agreement), unless at such time CAL beneficially owns Common Shares representing at least 5% of the Voting Power of the Common Shares then outstanding, in which case until such time as CAL ceases to beneficially own Common Shares representing at least 5% of the Voting Power of the Common Shares then outstanding, approval of such action by the unanimous affirmative vote of the Whole Board.
Sample 1
Required Board Vote means approval of an action by the Board of Directors by the affirmative vote of two-thirds of the Whole Board; provided that with respect to any action to amend, eliminate or otherwise change clause (v) or clause (vi) of the definition of Exempt Person or to change the definition of “Required Board Vote,” the term “Required Board Vote” shall mean, until the end of the Term (as defined in the Capacity Purchase Agreement), unless at such time CAL beneficially owns Common Shares representing at least 5% of the Voting Power of the Common Shares then outstanding, in which case until such time CAL ceases to beneficially own Common Shares representing at least 5% of the Voting Power of the Common Shares then outstanding, approval of such action by the unanimous affirmative vote of the Whole Board.”
Sample 1
Required Board Vote means (i) until the Required Vote Termination Date, the affirmative vote of (A) a majority of the MDCP III Global Director and the MDCP IV Global Directors then in office and (B) either the Cinven Directors or the CVC Directors and (ii) from and after the Required Vote Termination Date, the affirmative vote of a majority of the members of the Board of Directors of the Company.
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Related to Required Board Vote

  • Required Vote has the meaning ascribed thereto in Section 2.2(b);

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

  • Requisite Company Vote has the meaning set forth in Section 3.03(a).

  • Company Board Recommendation has the meaning set forth in Section 3.03(d).

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

  • Parent Board Recommendation has the meaning set forth in Section 5.12(a).

  • CPF Board means the Central Provident Fund Board, a body corporate established under the Central Provident Fund Act (Cap. 36);

  • 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.

  • Required Company Stockholder Vote shall have the meaning set forth in Section 2.5.

  • Required Shareholder Approval has the meaning in Section 2.20.

  • Requisite Stockholder Approval has the meaning set forth in Section 3.2.

  • 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.

  • 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.

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

  • Parent Board means the board of directors of Parent.

  • Disinterested Shareholder Approval means approval by a majority of the votes cast by all the Company’s shareholders at a duly constituted shareholders’ meeting, excluding votes attached to Common Shares beneficially owned by Insiders who are Service Providers or their Associates;

  • Stockholder Approval means such approval as may be required by the applicable rules and regulations of the Nasdaq Stock Market (or any successor entity) from the stockholders of the Company with respect to issuance of all of the Warrants and the Warrant Shares upon the exercise thereof.

  • Board of Directors or Board means the Board of Directors of Prakash Steelage Limited, as constituted from time to time.

  • Requisite Shareholder Approval means the affirmative vote of a majority of the outstanding shares of the Company’s Voting Stock (voting together as a single class) and the affirmative vote of a majority of the outstanding shares of Common Stock (voting separately as a single class), in each case approving the amendment of the Company’s amended and restated articles of incorporation to increase the number of authorized shares of Common Stock to 150,000,000 shares.

  • Special Committee means a committee of the Board of Managers of the Company comprised of two individuals, each of whom qualifies as an Independent Manager.

  • Company Stockholder Approval has the meaning set forth in Section 4.2(b).

  • The Board of Directors or "Board" means all those persons appointed to perform the duties of directors of the society;

  • Board Recommendation has the meaning ascribed thereto in Section 2.4(2).

  • 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.

  • Acquiror Board means the board of directors of Acquiror.

  • Board or Board of Directors means the Board of Directors of the Company.