Required Committee Approval definition

Required Committee Approval means, with respect to any Major Decision, the affirmative approval of no fewer than two Committee Representatives appointed by each Appointing Member, and with respect to any Operational Decision, the affirmative approval of no fewer than one Committee Representative appointed by each Appointing Member.
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Required Committee Approval means, with respect to any Major Decision or Operational Decision, the affirmative approval of a majority of Committee Representatives then having voting, consent, approval or determination rights on the Management Committee, PROVIDED, however, that during a Preferential Distribution Non-Payment (as defined in the Series A Terms), any Major Decision or Operational Decision which would require any Managing Member to make additional Capital Contributions (other than pursuant to Section 5.2(a) below) shall require the applicable Required Committee Approval referred to in the immediately preceding sentence.
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Required Committee Approval means, with respect to any Major Decision, the affirmative approval of no fewer than one Committee Representative appointed by each of WHWEL and Whitehall XI and two Committee Representatives appointed by WCPT, and with respect to any Operational Decision, the affirmative approval of no fewer than one Committee Representative appointed by either WHWEL or Whitehall XI and one Committee Representative appointed by WCPT. During a Preferential Distribution Non-Payment (as defined in the Series A Terms), "Required Committee Approval" shall mean, with respect to any Major Decision or Operational Decision, the affirmative approval of a majority of Committee Representatives then having voting, consent, approval or determination rights on the Management Committee, provided, however, that during a Preferential Distribution Non-Payment (as defined in the Series A Terms), any Major Decision or Operational Decision which would require any Managing Member to make additional Capital Contributions (other than pursuant to Section 5.2(a) below) shall require the applicable Required Committee Approval referred to in the immediately preceding sentence.
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Examples of Required Committee Approval in a sentence

  • For avoidance of doubt and notwithstanding anything to the contrary herein, no matter may be approved and no action taken by the Management Committee without Required Committee Approval.


More Definitions of Required Committee Approval

Required Committee Approval means, with respect to any Major Decision, the affirmative approval of no fewer than two Committee Representatives appointed by each Appointing Member, and with respect to any Operational Decision, the affirmative approval of no fewer than one Committee Representative appointed by each Appointing Member. During a Preferential Distribution Non-Payment (as defined in the Series A Terms), "Required Committee Approval" shall mean, with respect to any Major Decision or Operational Decision, the affirmative approval of a majority of Committee Representatives then having voting, consent, approval or determination rights on the Management Committee, provided, however, that during a Preferential Distribution Non-Payment (as defined in the Series A Terms), any Major Decision or Operational Decision which would require the Initial Members to make additional Capital Contributions (other than pursuant to Section 5.2(a) below) shall require the applicable Required Committee Approval referred to in the immediately preceding sentence.
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Required Committee Approval means the affirmative vote of over a majority of the Committee Representatives.
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Related to Required Committee Approval

  • Pre-approval means written notification via a pre-approval letter to Customer that Ameren Illinois has reviewed Customer's Application and determined that the project meets the program eligibility requirements for a maximum pre-approved incentive amount if the project is completed by the estimated completion date and all final application paperwork is submitted and approved.

  • IRB approval means the determination of the IRB that the research has been reviewed and may be conducted at an institution within the constraints set forth by the IRB and by other institutional and federal requirements.

  • CFIUS Approval means that any of the following shall have occurred: (a) the review period under the DPA commencing on the date that a CFIUS Notice is accepted by CFIUS shall have expired and Xxx, on the one hand, and Polaris, on the other hand, shall have received written notice from CFIUS to the effect that such review has been concluded and that either the Contemplated Transactions do not constitute a “covered transaction” under the DPA or there are no unresolved national security concerns, and all action under the DPA is concluded with respect to the Contemplated Transactions, (b) an investigation under the DPA shall have been commenced after such review period and CFIUS shall have determined to conclude all action under the DPA without sending a report to the President of the United States, and Xxx, on the one hand, and Polaris, on the other hand, shall have received written notice from CFIUS that either the Contemplated Transactions do not constitute a “covered transaction” under the DPA or there are no unresolved national security concerns, and all action under the DPA is concluded with respect to the Contemplated Transactions, or (c) CFIUS shall have sent a report to the President of the United States requesting the President’s decision and either (i) the President shall have announced a decision not to take any action to suspend or prohibit the Contemplated Transactions or, (ii) the period under the DPA during which the President may announce his decision to take action to suspend, prohibit or place any limitations on the Contemplated Transactions shall have expired without any such action being threatened, announced or taken.

  • CPUC Approval means a final and non-appealable order of the CPUC, without conditions or modifications unacceptable to the Parties, or either of them, which contains the following terms:

  • Requisite Approval means the affirmative vote of the holders of at least a majority of the shares of outstanding Company Common Stock and outstanding Company Preferred Stock voting as a single class.

  • Board Approval has the meaning set out in Section 2.2(a)(ii);

  • MAA Approval means approval of an MAA by the applicable Regulatory Authority for marketing and sale of a Product in the Collaborator Territory, but excluding any Pricing and Reimbursement Approval.

  • Special Approval means approval by a majority of the members of the Conflicts Committee.

  • FCC Approval means the FCC’s grant of the FCC Applications; provided that the possibility that an appeal, request for stay, or petition for rehearing or review by a court or administrative agency may be filed with respect to such grant, or that the FCC may reconsider or review such grant on its own authority, shall not prevent such grant from constituting FCC Approval for purposes of the Plan.

  • HSR Approval means expiration of all applicable waiting periods under the HSR Act (including any voluntary agreed extensions) or earlier termination thereof.

  • type-approval means the procedure whereby an approval authority certifies that a type of vehicle, system, component or separate technical unit satisfies the relevant administrative provisions and technical requirements;

  • Initial approval means authorization to admit students and enter into contractual agreements for clinical facilities. It is granted only after an application has been submitted, reviewed and a survey visit made by the Board. No students shall be admitted to the program until the institution has received written notification that initial approval has been granted. Failure to comply will delay initial approval.

  • Listing Committee means the listing sub-committee of the board of directors of the Stock Exchange;

  • Medical Board means the North Carolina Medical Board.

  • Final Approval means the Court’s order granting final approval of the Settlement.

  • Final Approval Hearing means the hearing before the Court where the Parties will request the Final Judgment to be entered by the Court approving the Settlement Agreement, the Fee Award, and the incentive award to the Class Representative.

  • Approval means the written consent of the Authority.

  • Disclosure Statement Approval Order means the Final Order approving, among other things, the adequacy of the Disclosure Statement pursuant to section 1125 of the Bankruptcy Code.

  • Required Consent has the meaning set forth in Section 4.4.

  • Transition Committee shall have the meaning set forth in Section 2.14.

  • Prior Approval means written ap- proval by an authorized official evi- dencing prior consent.

  • Final Approval Order means the entry of the order and final judgment approving the Settlement Agreement, implementing the terms of this Settlement Agreement, and dismissing the Class Action with prejudice, to be proposed by the Settling Parties for approval by the Court, in substantially the form attached as Exhibit D hereto.

  • 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;

  • Required Shareholder Approval has the meaning in Section 2.20.