Supermajority Interest definition

Supermajority Interest means, with respect to a Series, one or more Partners of such Series holding Partnership Interests in such Series that in the aggregate exceed seventy-five percent (75%) of all Percentage Interests owned by Partners of such Series.

Supermajority Interest means (a) with respect to the Company (and not any particular Series) and such other matters as set forth in Section 6.03, and with respect to Series A, the approval of the Representatives of the Series A Founding Members representing greater than [***]% of the Sharing Ratios of the Series A Founding Members in respect of Series A Membership Interests, and (b) with respect to each Additional Series, the approval of the Representatives of the Founding Members of such Additional Series representing greater than [***]% of the Sharing Ratios of such Founding Members in respect of such Additional Series; provided, however, that, in each case, in the event there are no longer any Founding Members with respect to a Series, “Supermajority Interest” with respect to the applicable Series shall require the approval of the Representatives of the Members of such Series representing greater than [***]% of the Sharing Ratios in respect of such Series.

Supermajority Interest has the meaning set forth Section G.

Examples of Supermajority Interest in a sentence

• The affirmative vote or consent of a Supermajority Interest of the Series B Preferred Stock shall be required to issue, authorize or increase the authorized amount of, or to issue or authorize any obligation or security convertible into or evidencing the right to purchase, any class or series of stock ranking senior to the shares of the Series B Preferred Stock with respect to payment of dividends or the distribution of assets upon any Liquidation of the Corporation.

• Such five-Day period may be shortened by the Management Committee, acting through Supermajority Interest.

• No Series EA Partner shall be required to make any Additional Series EA Capital Contribution, or to otherwise contribute any amount, to the Series EA unless such Additional Series EA Capital Contribution is reflected on the Series EA Annual Budget for such fiscal year or is otherwise approved by the Managing General Partner of the Series EA and a Supermajority Interest of Series EA Partnership Interests.

• The Series EA Annual Budget may be revised at any time during a fiscal year subject to the approval of a Supermajority Interest of Series EA Partnership Interests.

• Such five-Day period may be shortened by the Series A Management Committee, acting through a Supermajority Interest.

More Definitions of Supermajority Interest

Supermajority Interest means, except as provided herein, the Member(s) with an aggregate Percentage Interest that equals or exceeds seventy-five percent (75%); provided, however, that if any Member loses its right to vote with respect to Company matters, as provided herein, then the term “Supermajority Interest” shall mean the Member(s) with an aggregate Percentage Interest that equals or exceeds seventy-five percent (75%) of the aggregate Percentage Interest of the Members entitled to vote hereunder.

Supermajority Interest means the approval of the Representatives of the Founding Members representing greater than [***]% of the aggregate Sharing Ratios of the Founding Members.

Supermajority Interest means the Members holding Units representing more than seventy-five percent (75%) of the Units held by all of the Members of the Company (expressly excluding any Units held by any Unadmitted Assignee).

Supermajority Interest means Membership Interests equal to seventy-five percent (75%) or more of all outstanding Membership Interests.

Supermajority Interest means the holders of not less than two-thirds of the then total outstanding Shares of Series A Preferred Stock.

Supermajority Interest means one or more Membership Interests that taken together exceed seventy percent (70%) of the aggregate of all Membership Interests.

Supermajority Interest means (a) prior to the date of the Final Prospectus, a number of Contributing Parties that, in accordance with this Agreement, would receive at least 75% of the total consideration to be paid to all Contributing Parties under this Agreement and (b) on or after the date of the Final Prospectus, a number of Contributing Parties that received at least 75% of the total consideration paid to all Contributing Parties under this Agreement. For these purposes, the value of the Common Units to be granted to the Contributing Parties shall (x) prior to the date of the Final Prospectus, be $20 per unit, and (y) on or after the date of the Final Prospectus, be based on the price to the public as set forth on the front cover of the Final Prospectus.