Supermajority Consent shall have the meaning set forth in the CorpBanca Colombia Shareholders Agreement.

Supermajority Consent means the consent of (i) Corp Group Parent, so long as Corp Group Parent owns at least 13% On An Adjusted Basis of the Bank Shares; and (ii) Itaú Parent.

Supermajority Consent means the affirmative consent of at least four-fifths (4/5) of the members constituting the whole Liquidating Trust Board, given at a meeting called for that purpose or by written consent in lieu of a meeting in accordance with this Liquidating Trust Agreement; provided that, for purposes of the removal of a member of the Liquidating Trust Board in accordance with Section 6.2 hereof, Supermajority Consent means the affirmative consent of all of the members of the Liquidating Trust Board not including the Specified Liquidating Trustee; provided, further that in the event the Liquidating Trust Board is at any time comprised of less than five members, any act otherwise requiring Supermajority Consent shall require only Majority Consent.

Examples of Supermajority Consent in a sentence

Property GP had the authority to dispose of the Property to the Designated Nonprofit under Section 8.02(e) without Consent from Property SLP, Fund GP, or Fund LP, and without Supermajority Consent from DLE.In conclusion, DLE has not demonstrated that Fund GP breached any Fund LPA consent provision.
The remuneration and other terms of appointment of any Independent Managers shall be Board Supermajority Consent Matters.
This Liquidating Trust Agreement may be amended with the Supermajority Consent of the Liquidating Trust Board; provided, however, that Bankruptcy Court approval shall be required for any changes or amendments to this Liquidating Trust Agreement that are inconsistent with the terms of the Plan or the Confirmation Order.
If Manager hires third parties to perform the foregoing services, the fees, costs and expenses charged by such third parties shall be an Owner’s Expense; however, any such third party charges must be pre-approved by Owner’s Supermajority Consent unless included in the approved Annual Budget.
Within thirty (30) days after receiving a proposed Annual Budget from the Manager, Owner shall either approve by Owner’s Supermajority Consent the proposed Annual Budget or convey its disapproval in writing to Manager, together with detailed reasons therefor.

More Definitions of Supermajority Consent

Supermajority Consent means an affirmative decision evidenced in writing of the Person or Persons holding 80% of the outstanding Shares held by Shareholders party to the Agreement.

Supermajority Consent means the consent of each of (i) --------------------- the Revolving Loan Lenders whose Pro Rata Shares (as defined under clause (a) of such definition) of the Revolving Credit Commitments aggregate at least 66.667%, (ii) the Term Loan A Lenders whose Pro Rata Share (as defined under clause (b) of such definition) of the Term Loan A Commitments aggregate at least 66.667% and (iii) the Term Loan B Lenders whose Pro Rata Share (as defined under clause (c) of such definition) of the Term Loan B Commitments aggregate at least 66.667%.

Supermajority Consent means the affirmative vote or consent of: (1) the Majority Member and (2) the Initial Individual Members owning sixty percent (60%) of the Units owned by all Initial Individual Members at the time of such vote or consent.

Supermajority Consent means, with respect to any action by holders of Notes, written consent being obtained from holders of at least two thirds of the outstanding principal amount of the applicable series of Notes.