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
Except as otherwise provided in this Agreement or by law, the act of a Supermajority Interest shall be the act of the Partners.
A Supermajority Interest shall be required to constitute a quorum at all meetings of the Partners.
More Definitions of Supermajority Interest
Supermajority Interest means the approval of the Representatives of the Founding Members representing greater than [***]% of the aggregate Sharing Ratios of the Founding Members; provided, however, that in the event there are no longer any Founding Members, the approval of the Representatives of the Members representing greater than [***]% of the aggregate Sharing Ratios of the Members.
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 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 number of Contributing Parties that, in accordance with this Agreement, would receive at least 75% of the Aggregate Consideration to be paid to all Contributing Parties under this Agreement; provided, however, that the Remora Contributing Parties and the Remora Interests shall be excluded from the foregoing calculation.