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 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
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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 E Stock Purchase Agreement.

  • The holders of Series E2 Preference Shares shall, at all times, be entitled to attend meetings of all Shareholders of the Company and will be entitled to vote on all such matters which affect their rights directly (including matters requiring Investor Majority Approval, Investor Supermajority Approval, Specified Majority Approval or Specified Supermajority Approval, to the extent the holder of such Shares is entitled to exercise rights with respect to such matters in accordance with the SHA).

  • Any such delegation may be subject to any conditions which the Representative Board sees fit, and may be revoked or altered by the Specified Majority of the Representative Board at any time.

  • The holders of Series E1 Preference Shares shall, at all times, be entitled to attend meetings of all Shareholders of the Company and will be entitled to vote on all such matters which affect their rights directly (including matters requiring Investor Majority Approval, Investor Supermajority Approval, Specified Majority Approval or Specified Supermajority Approval, to the extent the holder of such Shares is entitled to exercise rights with respect to such matters in accordance with the SHA).

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

  • 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.

  • To capture the idea that the shock is unlikely, we assume Pr(zt = 0) = 1, and Pr(zt = 1) = 0, for all t.At stage one, after observing the shock state, M decides which of the N routes to outsource to R.


More Definitions of Specified Majority

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.
Sample 1
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)
Sample 1

Related to Specified Majority

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

  • Requisite Majority means, as at any particular time, Passenger Operators whose Vehicle departures from the Station, expressed as a percentage of Total Departures, as at the relevant date, together are at least equal to the percentage specified in paragraph 4 of Annex 8 (or such other percentage as the ORR may specify by notice to the Station Facility Owner and to each Passenger Operator as the new percentage which is to apply for these purposes following the entry into, variation, amendment or termination of an access contract permitting a passenger service operator to use the Station, a Change in Control of any Passenger Operator or any event which results in a material change to the proportion of the Total Departures made by trains operated by or on behalf of any Passenger Operator);

  • absolute majority , of the Committee, means a majority of the committee members currently holding office and entitled to vote at the time (as distinct from a majority of committee members present at a committee meeting);

  • special majority means the majority of votes described in §11.2 which is required to pass a special resolution.

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

  • Super Majority Vote means, the affirmative vote of the holders of Outstanding Interests of all Series representing at least two thirds of the total votes that may be cast by all such Outstanding Interests, voting together as a single class.

  • Note Majority means a majority by principal amount of the Noteholders.

  • Investor Majority means [the holders of at least [ ] per cent of Series A Shares from time to time] [Note: amend as appropriate];

  • 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.

  • vote of a majority of the outstanding voting securities" shall mean the vote of the lesser of (a) 67 per centum or more of the shares of the Fund present or represented by proxy at the meeting if the holders of more than 50 per centum of the outstanding shares of the Fund are present or represented by proxy at the meeting, or (b) more than 50 per centum of the outstanding shares of the Fund.

  • Age of majority means the age when the procedural safeguards and other rights afforded to the parent or parents of a student with a disability transfer to the student. In Virginia, the age of majority is 18.

  • Supermajority Vote means the affirmative vote of at least two-thirds of all of the members of the Operating Committee or any Subcommittee, as applicable, authorized to cast a vote with respect to a matter presented for a vote (whether or not such a member is present at any meeting at which a vote is taken) by the Operating Committee or any Subcommittee, as applicable (excluding, for the avoidance of doubt, any member of the Operating Committee or any Subcommittee, as applicable, that is recused or subject to a vote to recuse from such matter pursuant to Section 4.3(d)); provided that if two-thirds of all of such members authorized to cast a vote is not a whole number then that number shall be rounded up to the nearest whole number.

  • 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% of the votes represented and entitled to be cast at a meeting thereof.

  • Majority in Interest of Noteholders means, as of a particular date of determination and subject to Section 2.16 of the Indenture, the holders of at least a majority in aggregate unpaid principal amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by the Company or any Affiliate thereof, it being understood that a Pass Through Trustee shall be considered an Affiliate of the Company as long as more than 50% in the aggregate face amount of Pass Through Certificates issued by the corresponding Pass Through Trust are held by the Company or an Affiliate of the Company or a Pass Through Trustee is otherwise under the control of the Company or such Affiliate of the Company (unless all Equipment Notes then outstanding are held by the Company or any Affiliate thereof, including the Pass Through Trustees which are considered Affiliates of the Company pursuant hereto)); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder, any Noteholder of an Equipment Note or Equipment Notes may allocate, in such Noteholder’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.

  • Supermajority means, with respect to any Class of Notes, the holders of at least 66-2/3% of the Aggregate Outstanding Amount of the Notes of such Class.

  • Majority Holders means the Holders of a majority of the aggregate principal amount of Securities registered under a Registration Statement.

  • Majority in Interest of the Members means Members whose Percentage Interests aggregate to greater than fifty percent of the Percentage Interests of all Members.

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

  • Majority in Interest of the Partners means Partners holding in the aggregate Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all Partners entitled to Consent to or withhold Consent from a proposed action.

  • Super-Majority Banks means, at any time, Banks holding Loans representing at least 66-2/3% of the aggregate principal amount of the Loans outstanding, or if no Loans are outstanding, Banks having Commitments representing at least 66-2/3% of the Total Commitment.

  • majority of the outstanding voting securities shall have the meaning set forth for such terms in the 1940 Act.

  • 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.