Supermajority definition

Supermajority. 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.
Supermajority means not less than 60% of the members of the district board.
Supermajority means at least two-thirds (66 2/3%) of those Trustees or Shares, as applicable, entitled to vote; and

Examples of Supermajority in a sentence

  • The Asset Manager may be removed for cause, on the 20th day after the date on which the Issuer or the Collateral Trustee, at the direction of a Supermajority of each Class of Debt (voting separately), delivers written notice, setting forth the cause of such removal, to the Asset Manager and the Rating Agency; provided, however, the Asset Manager shall have the opportunity to cure or remove the breach, event or other circumstances giving rise to such cause set forth in such removal notice.

  • Notwithstanding the foregoing provisions of this Section 7.6(d), the ICANN Board of Directors shall not be required to initiate a PDP with respect to a Rejected Amendment if, at any time in the twelve (12) month period preceding the submission of such Rejected Amendment for Registry Operator Approval pursuant to Section 7.6(c), the subject matter of such Rejected Amendment was the subject of a concluded or otherwise abandoned or terminated PDP that did not result in a GNSO Supermajority recommendation.

  • Upon the removal or resignation of the Asset Manager, an Eligible Successor may be nominated by a Supermajority of the Subordinated Notes; provided, that any such nominee Eligible Successor may be vetoed by a Majority of the Controlling Class within 30 days of notice of nomination.


More Definitions of Supermajority

Supermajority means a combination of Lenders representing an aggregate of more than 66-2/3% of the aggregate Commitments of the Lenders then in effect; provided that, if there are two or more unaffiliated Lenders party to this Agreement as of the applicable date of determination, then at least two such Lenders shall be required to constitute a Supermajority; provided further that the Commitment of, and the portion of any outstanding Advances, as applicable, held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of a Supermajority.
Supermajority. With respect to any Class of Debt, the Holders of at least 662/3% of the Aggregate Outstanding Amount of the Debt of such Class as of such date of determination.
Supermajority means 2/3 of the quorum present.
Supermajority. With respect to the Debt, any Class thereof, the Holders of more than two thirds of the Aggregate Outstanding Amount of such Class, as the case may be.
Supermajority with respect to any Class of Securities, the holders of at least 66-2/3% of the Aggregate Outstanding Amount of such Class of Securities.
Supermajority means an affirmative vote of two thirds or more.
Supermajority means the approval or vote of the holders owning at least eighty-five percent (85%) of the Company’s issued and outstanding Membership Units at any given time.