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 of Loan Notes then outstanding; and Trust Property means:
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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.

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

  • 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.

  • 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.

  • 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.


More Definitions of Specified Majority

Specified Majority means the affirmative vote of two-thirds of the directors appointed by the Stockholders under Section 6.1 of this Agreement, 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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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

  • 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 means the number of Councillors which is greater than half the total number of the Councillors of a Council;

  • 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 Section 2.6(a)(ii).