Super Majority Fund Vote definition

Super Majority Fund Vote. As defined in Section 11.7.
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Super Majority Fund Vote means the affirmative vote of Voting Fund Investors that are not Affiliates of the Managing General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to sixty-six and two-thirds percent (662/3%) or more of all equity interests held directly or indirectly by all Voting Fund Investors that are not Affiliates of the Managing General Partner in such Properties. A “75% Majority Fund Vote” means the affirmative vote of Voting Fund Investors that are not Affiliates of the Managing General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to seventy-five percent (75%) or more of all equity interests held directly or indirectly by all Voting Fund Investors that are not Affiliates of the Managing General Partner in such Properties. For purposes of this Section 11.7, (i) each Partner shall be deemed to hold an indirect equity interest in each Property in which the Partnership has an indirect interest in an amount equal to the Partnership’s indirect equity interest in such Property multiplied by the Percentage Interest attributable to all Voting Interests held by such Partner, and (ii) equity interests attributable to Class N Partnership Units, or to any other class of equity interest in any Fund Entity or Property specifically designated as a non-voting interest under the Constituent Documents of the issuer of such equity interest, shall be disregarded.
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Super Majority Fund Vote. As defined in Section 11.7. “Super Majority LP Vote”: As defined in Section 11.6(g). “Super Majority Partner Vote”: As defined in Section 11.6(g). “Tax Matters Partner”: As defined in Section 11.4(a). “Temporary Investment”: Any repurchase agreements of primary Federal Reserve dealers using treasury securities only; bankers acceptances which are legal for purchase by the Federal Reserve Bank; United States Treasury bills and agency discount notes; commercial paper that is rated by Xxxxx’x or S&P in its highest rating category; accounts or mutual funds which invest in any of the foregoing; and any other investment approved by the Advisory Committee as a Temporary Investment. 14
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Examples of Super Majority Fund Vote in a sentence

  • A "Super Majority Fund Vote" means the affirmative vote of Fund Investors that are not Affiliates of the General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to sixty-six and two-thirds percent (66 2/3%) or more of all equity interests held directly or indirectly by all Fund Investors that are not Affiliates of the General Partner in such Properties.


More Definitions of Super Majority Fund Vote

Super Majority Fund Vote means the affirmative vote of Fund Investors that are not Affiliates of the General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to sixty-six and two-thirds percent (66 2/3%) or more of all equity interests held directly or indirectly by all Fund Investors that are not Affiliates of the General Partner in such Properties. A "75% Majority Fund Vote" means the affirmative vote of Fund Investors that are not Affiliates of the General Partner holding direct or indirect equity interests in Properties in which the Fund has an interest equal to seventy-five percent (75%) or more of all equity interests held directly or indirectly by all Fund Investors that are not Affiliates of the General Partner in such Properties. For purposes of this Section 11.7, each Partner shall be deemed to hold an indirect equity interest in each Property in which the Partnership has an indirect interest in an amount equal to the Partnership's indirect equity interest in such Property multiplied by a fraction, the numerator of which is the number of Units held by such Partner and the denominator of which is the total number of Units outstanding.
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Related to Super Majority Fund Vote

  • 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 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.

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.7

  • special majority means the majority of votes described in §11.2 which is required to pass a special resolution. Act and Interpretation Act Definitions Applicable

  • Super-Majority Banks means at any time Banks having at least 85% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing at least 85% of the aggregate unpaid principal amount of the Loans.

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

  • 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 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.

  • 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);

  • 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.

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

  • 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.

  • 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);

  • 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 the Limited Partners means Limited Partners (other than the General Partner and any Limited Partner 50% or more of whose equity is owned, directly or indirectly, by the General Partner) holding Percentage Interests that in the aggregate are greater than fifty percent (50%) of the aggregate Percentage Interests of all Limited Partners (other than the General Partner and any Limited Partner 50% or more of whose equity is owned, directly or indirectly, by the General Partner).

  • Majority in Interest of the Partners on any date (a “vote date”) means one or more persons who are Partners (including the General Partner but excluding Nonvoting Special Partners) on the vote date and who, as of the last day of the most recent accounting period ending on or prior to the vote date (or as of such later date on or prior to the vote date selected by the General Partner as of which the Partners’ capital account balances can be determined), have aggregate capital account balances representing at least a majority in amount of the total capital account balances of all the persons who are Partners (including the General Partner but excluding Nonvoting Special Partners) on the vote date.

  • Majority Members means Members holding a majority of the Units owned by all Members or if there is only one Member, such Member.

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

  • Majority in liquidation amount of the Capital Securities means Holder(s) of outstanding Capital Securities, voting together as a class, but separately from the holders of Common Securities, of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all Capital Securities then outstanding.

  • 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 Make-Whole Amount" or "Note Holder," or the percentage of Note Holders required to take or approve any action hereunder, (ii) reduce the amount, or change the time of payment or method of calculation of any amount, of Original Amount, Make-Whole Amount, if any, or interest with respect to any Equipment Note, or alter or modify the provisions of Article III hereof with respect to the order of priorities in which distribution thereunder shall be made as among the Note Holders, the Owner Trustee and Lessee, (iii) reduce, modify or amend any indemnities in favor of the Owner Trustee, the Mortgagee or the Note Holders (except that the Owner Trustee (in its individual capacity) or the Mortgagee, as the case may be, may consent to any waiver or reduction of an indemnity payable to it) or the other Indenture Indemnitees, (iv) consent to any change in the Trust Indenture or the Lease which would permit redemption of Equipment Notes earlier than permitted under Section 2.10 or 2.11 hereof or the purchase or exchange of the Equipment Notes other than as permitted by Section 2.13 hereof, (v) except as contemplated by the Lease or the Participation Agreement, reduce the amount or extend the time of payment of Basic Rent, Stipulated Loss Value, or Termination Value for the Aircraft in each case as set forth in the Lease, or modify, amend or supplement the Lease or consent to any assignment of the Lease, in either case releasing Lessee from its obligations in respect of the payment of Basic Rent, Stipulated Loss Value or Termination Value for the Aircraft or altering the absolute and unconditional character of the obligations of Lessee to pay Rent as set forth in Sections 3 and 16 of the Lease or (vi) permit the creation of any Lien on the Trust Indenture Estate or any part thereof other than Permitted Liens or deprive any Note Holder of the benefit of the Lien of this Trust Indenture on the Trust Indenture Estate, except as provided in connection with the exercise of remedies under Article IV hereof.