Super Majority Approval definition

Super Majority Approval means not less than 75% of all 16 Board members.
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Super Majority Approval means approval of a majority of the whole Board (which majority shall include a majority of the Series C and D Preferred Directors and, solely with respect to the actions specified in Sections 3.1(e), 3.1(f), and 3.1(j)(A), at least two Series A, B and E Preferred Directors).
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Super Majority Approval means approval by the holders of at least 95% of the total YL Shares, regardless of voting rights.
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Examples of Super Majority Approval in a sentence

  • For greater certainty, it is acknowledged and agreed that none of the Shareholders shall be legally obligated to advance any monies to the Company, after the date of this Agreement, except such advances as are approved by a Super Majority Approval pursuant to section 3.2.

  • Member must first obtain Super Majority Approval of the Members and then offer to sell to the Company the Offered Units at the same price and on other terms and conditions identical in all material respects to those on which the Selling Member intends to Transfer the Offered Units to the Proposed Transferee.

  • If Karma is unable to borrow such amounts on commercially reasonable terms, the Board may request (only by Super Majority Approval) the shareholders to provide a capital contribution, in proportion to their respective ownership interest.

  • Additional Units, with such rights, restrictions and limitations, may be designated from time to time by the approval of the Super Majority Approval of the Members.

  • Only upon receipt of a Super Majority Approval of the Board, the LLC may thereafter cease participation in the Medicaid program at one (1) or more of the Medicaid Participating Facilities consistent with the Board’s approval.


More Definitions of Super Majority Approval

Super Majority Approval has the meaning set forth in Section 2.1(d).
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Super Majority Approval means the affirmative approval of no less than seventy-five percent (75%) of the Owners
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Super Majority Approval has the meaning set forth in Section 4.6(b).
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Super Majority Approval means, with respect to any matter, the approval of such matter set out in a resolution, consent or other instrument executed, in one or more counterparts, by Shareholders owning at least 75% of the issued and outstanding Common shares;
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Super Majority Approval means the vote or written consent of the Members holding at least [*] of the total Membership Percentage Interests.
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Super Majority Approval means approval of a majority of the whole Board (which majority shall include a majority of the Series C and D Preferred Directors and, solely with respect to the actions specified in Sections 3.1(e), 3.1(f), and 3.1(j), at least two Series A, B and E Preferred Directors).
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Super Majority Approval means the approval by the affirmative vote of at least the following number of Managers who are not officers of the Company: (i) four Managers; (ii) two Class A Managers; and (iii) two Class B Managers.
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