Super Majority Resolution definition

Super Majority Resolution means a resolution passed by a majority of at least two-thirds of the Members as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at a general meeting, and includes a unanimous written resolution. In computing the majority when a poll is demanded regard shall be had to the number of votes to which each Member is entitled by the Articles.

Super Majority Resolution means a resolution passed at an Extraordinary General Meeting or at an Annual General Meeting by a majority of three fourths (75%) of the Shares present or represented at the said meeting and which is described as such in the notice convening the relevant meeting.

Super Majority Resolution means a resolution passed by not less than 70% percent of the votes cast by the Shareholders who voted in respect of that resolution or signed by all the Shareholders entitled to vote on that resolution;

Examples of Super Majority Resolution in a sentence

• The Debenture Trustee may be removed by the Debenture Holders by a Super Majority Resolution.

• The Issuer shall appoint such person or persons as may be nominated by such Super Majority Resolution as new Debenture Trustee hereof who shall accede to all the REIT NCD Transaction Documents (to which it is a party).

• The Debentureholders may for sufficient cause but, after giving not less than 30 (thirty) days prior notice in writing to the Trustee, remove the Trustee by passing a Super Majority Resolution to that effect, and by the same resolution nominate an entity competent to act as their trustee and require the Issuer to appoint such entity as the Successor Trustee.

• Any term or condition of this Deed may be waived at any time by the Party that is entitled to the benefit thereof, subject to the condition that Debenture Trustee for this purpose shall act with the consent of Super Majority or with the authority of the Super Majority Resolution, provided such term or condition can be waived.

• In accordance with the SEBI circular dated 13 October 2020 (bearing reference number SEBI/HO/MIRSD/CRADT/CIR/P/2020/203) in relation to the standardisation of procedure to be followed by debenture trustees or bond trustees in case of default by issuers of listed debt securities, the Debenture Trustee shall not enter into any intercreditor arrangement (including an Intercreditor Agreement) unless agreed to by the Debenture Holders by a Super Majority Resolution.

More Definitions of Super Majority Resolution

Super Majority Resolution means, with respect to Royal Caribbean or P&O Princess, a resolution required by Applicable Regulations and/or the Royal Caribbean Articles and By-laws or the P&O Princess Memorandum and Articles, as relevant, to be approved by a higher percentage of votes Voted than required under a Majority Resolution, or where the percentage of votes in favour and against the resolution is required to be calculated by a different mechanism to that required by a Majority Resolution;

Super Majority Resolution means a resolution passed at a meeting of the Debenture Holders of all the series, duly convened and held in accordance with the provisions contained in the Second Schedule hereto (or obtained by way of a circular resolution) and, carried by a majority consisting of such number of Debenture Holders, which shall represent not less than three-fourth of the nominal amount then outstanding of the Debentures under all the series/tranche of Debentures collectively, or if a poll is demanded, by a majority representing not less than three-fourth of the nominal amount then outstanding of the Debentures under all the series/tranche of Debentures collectively on such poll;

Super Majority Resolution means a resolution passed at a duly convened and quorate meeting of the Board approved by:

Super Majority Resolution has the meaning ascribed thereto in Section 12.13; (sss) “Tax Act” means the Income Tax Act (Canada), as amended from time to time;

Super Majority Resolution when used in this Indenture means, subject as hereinafter in this Article provided, a resolution proposed to be passed as a Super Majority Resolution at a meeting of Debentureholders (including an adjourned meeting) duly convened for the purpose and held in accordance with the provisions of this Article at which the holders of not less than 25% of the principal amount of the Debentures then outstanding, and if the meeting is a Serial Meeting, at which holders of not less than 25% of the principal amount of the Debentures then outstanding of each especially affected series, are present in person or by proxy and passed by the favourable votes of the holders of not less than 90% of the principal amount of the Debentures, and if the meeting is a Serial Meeting by the affirmative vote of the holders of not less than 90% of each especially affected series, in each case present or represented by proxy at the meeting and voted upon on a poll on such resolution.

Super Majority Resolution means a resolution passed at a duly convened and quorate meeting of the Board approved by the requisite majority of the Directors present at such meeting, provided that such requisite majority shall include the affirmative vote of: (i) 1 (One) Verlinvest Director, other than (i.e., apart from) Mr. Deepak Shahdadpuri, provided Verlinvest continues to maintain its shareholding at or above the Threshold Limit (on a Fully Diluted Basis); (ii) a Director appointed by the Promoter.

Super Majority Resolution means a resolution passed by a Super Majority voting in favour of the resolution at a quorate meeting of the HoldCo Board;