Specified Majority definition

Specified Majority means a majority of at least 66% of the votes of all members of the Board entitled to vote at the time, whether or not those Board members are present, and whether or not they vote; and
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Specified Majority. Noteholders holding for the time being two thirds in nominal value of the Notes then outstanding; and
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Specified Majority means the affirmative vote of two-thirds of the directors appointed by the Stockholders pursuant to Section 6.1(a), I.E. if the number of directors appointed pursuant to Section 6.1(a) is eight (8), the affirmative vote of six (6) directors and if the number of directors appointed pursuant to Section 6.1(a) is nine (9), the affirmative vote of six (6) directors.
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Examples of Specified Majority in a sentence

  • As long as (i) any Revolving Commitment, (ii) any Revolving Exposure or (iii) any Term Loan (excluding any Incremental Tranche B-1 Term Loan) remains in effect, the Borrower will not permit the First Lien Indebtedness Ratio on any date to exceed 4.00 to 1.00, without the consent of the Specified Majority Lenders.

  • The Company shall not take any Significant Action without the prior approval of the Specified Majority of the Board of Directors.

  • Notwithstanding the foregoing, the prior approval of the Specified Majority of Directors shall not be required for the Company to pay the expenses incurred by it in connection with the transactions contemplated by the Series F Stock Purchase Agreement.

  • As long as (i) any Revolving Commitment, (ii) any Revolving Exposure or (iii) any Term Loan (excluding any Incremental Tranche B-1 Term Loan) remains in effect, the Borrower will not permit the First Lien Indebtedness Ratio on any date to exceed 4.004.25 to 1.00, without the consent of the Specified Majority Lenders.

  • Notwithstanding the foregoing, the prior approval of the Specified Majority of Directors shall not be required for the Company to pay the expenses incurred by it in connection with the transactions contemplated by the Series E Stock Purchase Agreement.

  • Every member of every committee of the Board of Directors shall be approved by the Specified Majority of the Board.


More Definitions of Specified Majority

Specified Majority means Loan Noteholders holding for the time being more than half in nominal value of all Loan Notes then outstanding, or, where the matter only concerns a Series of Loan Notes or more than one but not all Series of Loan Notes, then it means the Loan Noteholders holding for the time being more than half in nominal value of each relevant Series of Loan Notes then outstanding; and
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Specified Majority means Loan Noteholders holding for the time being more than half in nominal value of all Loan Notes then outstanding, or, where the matter only concerns a Series of Loan Notes or more than one but not all Series of Loan Notes, then it means the Loan Noteholders holding for the time being more than half in nominal value of each relevant Series of Loan Notes then outstanding; and Trust Property means: the security, powers, rights, titles, benefits and interests (both present and future) constituted by and conferred on the Security Trustee under or pursuant to the Security Documents; all moneys, property and other assets paid or transferred to or vested in the Security Trustee (or any agent of the Security Trustee) or received or recovered by or on behalf of the Security Trustee pursuant to, or in connection with, the Security Documents; and all rights, benefits, interests, money, investments, property and other assets at any time representing or deriving from any of the foregoing and any rights benefits or proceeds of any nature whatsoever arising from any insurance policy or capital guarantee scheme entered into in respect of the Security Documents or otherwise.
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Specified Majority means a majority of at least two thirds of the votes of all members of the Board entitled to vote at that time, whether or not those Board members are present, and whether or not they vote as specified in rule 26(h)
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Related to Specified Majority

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.8

  • Super Majority has the meaning set forth in paragraph 5(b) of Annex I.

  • 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.

  • Unit Majority means (i) during the Subordination Period, at least a majority of the Outstanding Common Units (excluding Common Units owned by the General Partner and its Affiliates), voting as a class, and at least a majority of the Outstanding Subordinated Units, voting as a class, and (ii) after the end of the Subordination Period, at least a majority of the Outstanding Common Units.

  • Supermajority Vote means the affirmative vote of at least seventy-five percent (75%) of the Members.

  • Majority (as defined in the 0000 Xxx) of the Fund's outstanding voting securities, provided that in either event the continuance is also approved by a majority of the Board of Directors who are not "interested persons" (as defined in said Act) of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. This Agreement is terminable, without penalty, on 60 days' written notice, by the Board of Directors of the Fund or by vote of holders of a majority of the Fund's shares, or upon 90 days' written notice, by the Adviser. This Agreement will also terminate automatically in the event of its assignment (as defined in said Act).

  • Super Majority Lenders means at any time a Lender or group of Lenders whose Commitments aggregate more than 80% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 80% of the Total Commitments immediately prior to that reduction).

  • Majority in Interest As to any Class of Regular Certificates, the Holders of Certificates of such Class evidencing, in the aggregate, at least 51% of the Percentage Interests evidenced by all Certificates of such Class.

  • Simple Majority means a decision made by the Management Committee by more than 50 percent of the votes represented and entitled to be cast at a meeting thereof.

  • Majority Holders means at any time the Holders of Warrants exercisable for a majority of the shares of Warrant Stock issuable under the Warrants at the time outstanding.

  • Majority Noteholders means the Holders of a majority by principal amount of the most senior then outstanding class of Notes.

  • Majority in Interest of Note Holders means as of a particular date of determination, the holders of a majority in aggregate unpaid Original Amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by Owner or any of its Affiliates (unless all Equipment Notes then outstanding shall be held by Owner or any Affiliate of Owner); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder, any Note Holder of an Equipment Note or Equipment Notes may allocate, in such Note Holder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action, vote, consent, waiver or instruction.