Super Majority Consent definition

Super Majority Consent means, with respect to any Proposed Amendment submitted to a vote of the Token Holders pursuant to Section 11(d)(i), the affirmative vote (or deemed affirmative vote pursuant to Section 11(d)(i) below) of the Token Holders owning at least seventy-five percent (75%) of the then issued and outstanding Tokens.
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Super Majority Consent means the affirmative vote or consent, determined in accordance with the terms and conditions of this Agreement, of more than eighty percent (80%) of the Managers of the Board (“Super Majority Consent of the Board”), or of the holders of more than eighty percent (80%) of the total membership interest in the Company (“Super Majority Consent of the Members”), as the case may be, at the time of the consent, unless otherwise expressly provided in the Agreement.
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Super Majority Consent means the consent of Managers appointed by one or more Members collectively holding 81% of all of the Company Interests entitled to vote on such action at the time such action is taken.
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Examples of Super Majority Consent in a sentence

  • Prior to the end of the first month of a given Fiscal Year, the Bank and the Board, with a Super Majority Consent of the Board, which shall not be unreasonably withheld, conditioned or delayed, shall agree upon the Monthly Overhead for such Fiscal Year, provided, however, that either the Bank or Company may request the Monthly Overhead be reconsidered at the end of the mid-point of a given Fiscal Year if substantial changes in services or expenses has occurred or shall occur during such Fiscal Year.

  • At any meeting of the Board, a sufficient number of Managers necessary to give Super Majority Consent of the Board to the action taken at any meeting, represented in person or by proxy, shall constitute a quorum of the Managers at the Meeting.

  • Any such lock-up agreement shall be in customary form and on terms that have been approved by the Board (acting with Investor Director Consent and Investor Super Majority Consent), with similar terms for each Investor.

  • The Members, upon a Super Majority Consent of the Members, may sell or dispose of the Company to any Person, for any reason and at any time, subject to the receipt of any required regulatory approval (if needed).

  • If the shares of FSFG common stock are not traded on a national securities exchange, the value of a share of FSFG common stock shall equal the average of the closing bid and ask prices as quoted on a national quotation system or, if such quotations are unavailable, as determined by an independent third party as agreed to by a Super Majority Consent of the Members.

  • Notwithstanding the above, Closing may be extended beyond February 28, 2021 by a Super Majority Consent of the Members.

  • The Company shall also have the right to borrower funds from other third parties as determined by a Super Majority Consent of the Board, which shall not be unreasonably withheld, conditioned or delayed, subject to the prior approval by the Bank.

  • Any amendment to this Agreement must be in writing and must be approved by a Super Majority Consent of the Members.

  • Other than the list of Aggregators, the list of Reviews required by each Opt-In Lender and the Competition Protocol (each of which may be amended from time to time by Super Majority Consent of the Operating Committee) and the form of a AAP Lender Deed (which may be amended by Unanimous Consent of the Operating Committee), this deed may only be varied by a document signed by or on behalf of each Party.

  • The declaration and payment of any distributions, other than those specifically provided for in this Agreement, shall be as permitted by law, consistent with the Company’s obligations to its creditors, made from cash available for distribution from the Company, subject to the receipt of any required regulatory approval (if needed) and subject to the Super Majority Consent of the Board, which shall not be unreasonably withheld, conditioned or delayed.


More Definitions of Super Majority Consent

Super Majority Consent means the approval of one or more Limited Partners entitled to vote together holding a two-thirds majority of the total Interests by value, as determined on the basis of Contributions.
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Super Majority Consent means any decision made, voted, resolved or passed at any time with the consent of the OC Representatives appointed by the Parties separately or collectively holding in aggregate equal to or more than 80% of Participation Percentages at that time (other than those OC Representatives who are precluded from providing consent under the terms of this deed).
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Related to Super Majority Consent

  • 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.

  • 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.

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

  • 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).

  • 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);

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

  • 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.

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

  • Majority Investors means, as of any date, the holders of a majority of the Investor Shares outstanding on such date.

  • Majority Shareholder Vote means a vote of “a majority of the outstanding voting securities” (as such term is defined in the 0000 Xxx) of the Trust with each class and series of Shares voting together as a single class, except to the extent otherwise required by the 1940 Act or this Declaration with respect to any one or more classes or series of Shares, in which case the applicable proportion of such classes or series of Shares voting as a separate class or series, as the case may be, also will be required.

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

  • 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.

  • Requisite Holders means at any time holders of Warrant Shares and Warrants representing at least a majority of the Warrant Shares outstanding or issuable upon the exercise of all the outstanding Warrants.

  • 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.

  • Requisite Company Vote has the meaning set forth in Section 3.03(a).

  • 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.

  • 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.

  • 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);

  • 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.

  • Requisite Shareholder Approval means the affirmative vote of a majority of the outstanding shares of the Company’s Voting Stock (voting together as a single class) and the affirmative vote of a majority of the outstanding shares of Common Stock (voting separately as a single class), in each case approving the amendment of the Company’s amended and restated articles of incorporation to increase the number of authorized shares of Common Stock to 150,000,000 shares.

  • 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.

  • 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.

  • 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.

  • Requisite Investors means the holders of a majority of the Registrable Securities then held by the Investors.

  • Majority Interests Vote means the vote, at a meeting of Holders, of (A) 67% or more of the Interests present or represented at such meeting, if Holders of more than 50% of all Interests are present or represented by proxy, or (B) more than 50% of all Interests, whichever is less.