Requisite Member Approval definition

Requisite Member Approval means the approval of each Affiliated Member Group holding Interests with (i) an aggregate Percentage Interest equal to or exceeding ** or (ii) an **.

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Requisite Member Approval has the meaning set forth in Section 3.02(a).

Requisite Member Approval means the approval of this Agreement by Members holding greater than 50% of the outstanding voting interests in the Company.

Examples of Requisite Member Approval in a sentence

Vendor acknowledges that this Third Amendment and all documents submitted to the Board related to this contract award are a matter of public record and are subject to the Illinois Freedom of Information Act (5 ILCS 140/1) and any other comparable state and federal laws and that this Amendment is subject to reporting requirements under 105 ILCS 5/10-20.44.
Upon the termination of the Services Agreement, the Board with the Requisite Member Approval may cause the Company to designate a new operator and enter into a new services agreement.
Without first obtaining the approval of the Board and Requisite Member Approval, the Tax Matters Member shall not, with respect to Company tax matters: (i) enter into a settlement agreement with respect to any tax matter which purports to bind Members, (ii) intervene in any action pursuant to Code Section 6226(b)(5), (iii) enter into an agreement extending the period of limitations for making assessments on behalf of Members, or (iv) file a petition pursuant to Code Section 6226(a) or 6228.
Any rejection of the Proposed Budget in whole or in part must be made in good faith, based on commercially reasonable standards and submitted in writing to the Board, the other Members with Requisite Member Approval rights and the Operator and must describe proposed modifications in reasonable detail (a “Budget Rejection Notice”).
If a Budget Rejection Notice is received by such date, the Operator, the Board and the Members with Requisite Member Approval rights to approve the Proposed Budget will work together in good faith to promptly resolve the issues identified in a mutually agreeable manner.

More Definitions of Requisite Member Approval

Requisite Member Approval means (a) Series A-1 Approval (but only if at the time in question the component of Series A-1 Approval is satisfied) and (b) Series A-2 Approval (but only if at the time in question the component of Series A-2 Approval is satisfied); provided, however, that, Requisite Member Approval does not require (i) any approval of any Series A-1 Member if, at the time in question, the component of Series A-1 Approval is not satisfied or (ii) any approval of any Series A-2 Member if, at the time in question, the component of Series A-2 Approval is not satisfied. Without limiting Section 8.4(d), during the Interim Period, any references to Requisite Member Approval shall be read consistently with Section 8.4(b).

Requisite Member Approval means the approval of the sale of all outstanding Membership Interests of Seller by the Members to the Buyer as contemplated by this Agreement.

Requisite Member Approval means the approval of this Agreement and the Transactions, including the Merger, by the irrevocable affirmative written consent of the Requisite Members pursuant to the terms and in accordance with and satisfaction of the conditions of the Company’s Organizational Documents and applicable Law, in a form mutually agreed upon by the Company and the Parent.

Requisite Member Approval means the affirmative vote of the sole holder of the Target Interests.

Requisite Member Approval means the affirmative vote of the holders of fifty and one-tenth percent (50.1%) of the Target Units.

Requisite Member Approval means the approval of the Members that hold a majority of the issued and outstanding Series B Units.

Requisite Member Approval. Section 2.4 “Returns” Section 2.16(a)(i)