Required Majorities definition

Required Majorities means the Affected Secured Required Majority and the Affected Banro Unsecured Required Majority;

Required Majorities means with respect to each Voting Class, a majority in number of Affected Creditors representing at least two thirds in value of the Voting Claims of Affected Creditors, in each case who are entitled to vote at the Meetings in accordance with the Meetings Order and who are present and voting in person or by proxy on the resolution approving the Plan at the applicable Meeting.

Required Majorities means the affirmative vote of a majority in number of the Affected Creditors voting in the Affected Creditors Class, having Voting Claims and voting on the Plan (in person or by proxy) at the Creditors’ Meeting and representing not less than 66-2/3% in value of the Voting Claims of the Affected Creditors voting (in person or by proxy) at the Creditors’ Meeting;

Examples of Required Majorities in a sentence

• The Applicants will seek approval of the CCAA Plan by the affirmative vote of the Required Majorities of the Affected Unsecured Creditors with Voting Claims in each Affected Unsecured Creditor Class.

• If the Required Majorities approve the Plan, the Applicants shall apply for the Sanction Order in accordance with the terms of the Support Agreement.

• Each Affected Unsecured Creditor with a Voting Claim shall be entitled to one (1) vote and the weight attributed to such vote (for the purposes of determining the Required Majorities) shall be equal to the aggregate Canadian dollar value of such Affected Unsecured Creditor’s Voting Claim (if necessary, converted into Canadian dollars in accordance with Section 4.1).

• Subject to any order of the Court, the Resolutions must be approved by the Required Majorities of Affected Creditors present in person or represented by proxy at each of the Creditors’ Meetings with each Eligible Voting Creditor entitled to one vote at the applicable Creditors’ Meeting(s), which vote will have the value of such person’s Voting Claim as determined in accordance with the Claims Procedure Order and the Meeting Order.

• After commencement of the Creditors' Meeting,no Proxies can be accepted by the Monitor.NOTICE IS ALSO HEREBY GIVEN that if the Plan is approved by the Required Majorities (as defined below) at the Creditors' Meeting,ROGIshall seek approval of the Plan by the CCAA Court at a motion for the Sanction Order,which motion shall be returnable before the CCAA Court at 11:00 am (Calgary time) on July 20, 2012, or as soon after that date as the matter can be heard (the "Sanction Hearing").

• The Plan has been agreed to and approved by the Required Majorities of each Class in conformity with the CCAA.

• If the Required Majorities approve this Plan, the Applicants shall apply for the Sanction Order on or before the date set for the hearing of the Sanction Order or such later date as the Court may set.

• For the purposes of counting and tabulating the votes at a Creditors’ Meeting, each Affected Unsecured Creditor with a Voting Claim shall be entitled to one (1) vote and the weight attributed to such vote (for the purposes of determining the Required Majorities) shall be equal to the aggregate Canadian dollar value of such Affected Unsecured Creditor’s Voting Claim (if necessary, converted into Canadian dollars in accordance with paragraph 60 hereof).

• Each Holder of a Voting Claim shall be entitled to one (1) vote and the weight attributed to such vote (for the purposes of determining the Required Majorities) shall be equal to the aggregate United States dollar amount of such Voting Claim.

• Required Majorities 2 The conversion of registered shares into bearer shares, the dissolution of the Company and amendments to Art.

More Definitions of Required Majorities

Required Majorities means with respect to the Affected Landlord Creditors Class, a majority in number of Affected Landlord Creditors representing at least two thirds in value of the Voting Claims of Affected Landlord Creditors, in each case who are entitled to vote at the Creditors’ Meeting in accordance with the Meeting Order and who are present and voting in person or by proxy on the resolution approving the Plan at the Creditors’ Meeting.

Required Majorities means the Landlord Required Majority and the General Unsecured Required Majority;

Required Majorities means, with respect to each Class of Affected Creditors, the affirmative vote of a majority in number of all voting (in person or by proxy) Creditors holding Voting Claims in such Class and representing not less than 66 2/3% in value of the Voting Claims voting (in person or by proxy) in such Class at the applicable Meeting.

Required Majorities means, with respect to the Affected Creditor Class, a majority in number representing at least two-thirds of the value of the Affected Claims of Affected Creditors who actually vote, or who pursuant to the provisions of this Plan, the Claims Process Order or other Order, are deemed to have voted, on the resolution approving this Plan at the Meeting (in person, by proxy or by ballot).

Required Majorities means, in respect of each Meeting, a majority in number of Affected Unsecured Creditors representing at least two-thirds in value of the Voting Claims of Affected Unsecured Creditors who are entitled to vote at the Meeting in accordance with the Meeting Order and who are present and voting in person or by proxy on the resolution approving this Plan at the Meeting.