Required Majority Vote definition

Required Majority Vote is defined in Section 8.3(b).
View Source
Required Majority Vote. Section 5.1(j) "Restricted Area" Section 8.14 "Restricted Time" Section 8.14 "Restricted Party" Section 6.6(a) "Sale Notice" Section 12.4(e) "Rule 144 Notice" Section 12.7(a) "Rule 144 Offer" Section 12.7(a) "Rule 144 Sale" Section 12.7 "Second Appraiser" Section 11.4 "Secondary Registration Notice" Section 12.7(b) "Second Public Appraiser" Section 12.6(a) "Section 5.1
View Source

Examples of Required Majority Vote in a sentence

  • In no event, without the approval of Members by Required Majority Vote, will a sale to a Member be for an amount that is less than fair market value (determined by the Appraisal Method if the Members (by Required Majority Vote) are unable to agree on the fair market value).

  • All waivers and consents hereunder shall be in writing duly executed by Members representing a Required Majority Vote of the Members affected by such waiver or consent and shall be delivered to the other Members in the manner set forth in Section 11.1.

  • There shall be no distribution of assets of the Company in-kind without a prior Required Majority Vote approving such distribution.

  • For purposes of the preceding sentence, each Partner's relative economic interest in the Partnership shall equal such Partner's Net Equity as compared to the Net Equity of all of the Partners, as determined in accordance with Section 11.3 except that the Partnership Board shall by Required Majority Vote select a single Appraiser to determine Gross Appraised Value.

  • Such rights shall be as approved by the Required Majority Vote of the Partnership Board, provided that the registration rights of each Partner shall be identical on a proportionate basis and, if the conversion to corporate form was required by Section 12.6(g), shall consist of not less than two demand registrations on customary terms and subject to customary conditions.

  • The Tax Matters Partner shall not, and the Partnership shall not permit the tax matters partner of any Subsidiary to, initiate any action or proceeding in any court, extend any statute of limitations, or take any other action contemplated by Sections 6222 through 6232 of the Code that would legally bind any other Partner, the Partnership or any Subsidiary without approval of the Partnership Board by a Required Majority Vote.

  • The Partnership Board may waive compliance with all or any part of this Section 6.1(d) with respect to any transaction by Required Majority Vote of the Partnership Board pursuant to Section 8.6.

  • The Partners agree not to exercise any authority to act for or to assume any obligation or responsibility on behalf of the Partnership or any of its Subsidiaries except (i) as approved by the Partnership Board by Required Majority Vote, (ii) as approved by written agreement among the General Partners and (iii) as expressly provided herein.

  • Except as provided in Schedule 5.1(k), the approval of each Proposed Budget and Proposed Business Plan and action by the Partnership or any of its Subsidiaries constituting any material deviation from any Annual Budget or Approved Business Plan shall require the Required Majority Vote of the Partnership Board.

  • From time to time the Partnership Board by a Required Majority Vote may determine to distribute Available Cash to the Partners.