Supermajority in Interest definition

Supermajority in Interest means a percentage in interest in excess of 66 2/3%.

Supermajority in Interest means the vote of at least seventy five percent (75%) of all Percentage Interest in the LLC.

Supermajority in Interest means any individual Member or group of Members holding an aggregate of more than 662/3% of the Interests (i) held by all Members or (ii) held by a lesser number of Members than all of the Members if one or more Members is excluded from the vote.

Examples of Supermajority in Interest in a sentence

• The Commitment Period shall be re-instated, and the restrictions set forth in clauses (A) and (B) above shall be rescinded, upon the vote or written consent of a Supermajority in Interest of the Common Unitholders.

• Thereafter, the term of the Company may be extended by the Company for successive one-year periods, in each case with the vote or consent of a Supermajority in Interest of the Common Unitholders.

• This Agreement may not be amended, supplemented, or otherwise modified except by a written agreement executed by a Supermajority in Interest of the Members.

• For purposes of this ARTICLE XII, except in connection with determining a Supermajority in Interest of the Members and except for purposes of Sections 12.1(a), 12.1(d) - 12.1(i) and 12.3, the term “Member” for purposes of this ARTICLE XII shall include a Unit Holder.

• For purposes of this Section 8.12 except in connection with determining a Supermajority in Interest of the Members, the term “Member” shall also include a Unit Holder.

More Definitions of Supermajority in Interest

Supermajority in Interest means such of the Partners as have, at the time of determination, eighty percent (80%) or more of the Partnership Percentages of all Partners.

Supermajority in Interest means a percentage in interest in excess of 66 2/3%. With respect to any feeder fund, the feeder fund will be permitted to vote its Units in proportion to the voting instructions received from the feeder fund investors. Each feeder fund investor has the right to vote an amount equal to the number of Units to which its interest in the feeder fund corresponds. To the extent a feeder does not receive specific voting instructions from any feeder fund investor on the vote in question, then the feeder fund will vote the corresponding pro rata share of Units of those feeder fund investors in the same manner and proportion as the Units of those feeder fund investors for which it has received specific instructions for the vote in question.

Supermajority in Interest means, with respect to any agreement or vote of the Members, one (1) or more of the Members whose combined Sharing Ratios as to each Class B and Class A Units, then outstanding at the time of any such agreement or vote, equal or exceeds ninety-nine percent (99%) of each of the Class B and Class A Units held by all Members.

Supermajority in Interest means Members holding, in the aggregate, sixty-six percent (66%) or more of the Percentage Interests held by all Members of the Company. Until such time as there are members in addition to APS and SCPI, "Supermajority in Interest" shall mean 'Majority in Interest."

Supermajority in Interest means 'Majority in Interest."

Supermajority in Interest means Investors holding at least two-thirds (2/3rds) of the aggregate outstanding principal amount of the Notes.

Supermajority in Interest means Members holding, in the aggregate, more than 75% of the Percentage Interests held by all Members of the Company.