Supermajority Member Approval definition

Supermajority Member Approval means written approval by Members whose rights under this Agreement are attributable to at least seventy percent (70%) of the Units outstanding (and not held by the Corporation) immediately after the IPO (as appropriately adjusted for any subsequent changes to the number of outstanding Units). For purposes of this definition, a Member’s rights under this Agreement shall be attributed to Units as of the time of a determination of Supermajority Member Approval. For the avoidance of doubt, (i) an Exchanged Unit shall be attributed only to the Member entitled to receive Tax Benefit Payments with respect to such Exchanged Unit (i.e., the Exchangor or the assignee of its rights hereunder) and (ii) an outstanding Unit that has not yet been Exchanged shall be attributed only to the Member entitled to receive Tax Benefit Payments upon the Exchange of such Unit (i.e., the member of the LLC or the assignee of its rights hereunder).
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Supermajority Member Approval means written approval by Members whose rights under this Agreement are attributable to at least seventy percent (70%) of the Units outstanding (and not held by PC Corp) immediately after the effective date of the Public Listing (as appropriately adjusted for any subsequent changes to the number of outstanding Units). For purposes of this definition, a Member’s rights under this Agreement shall be attributed to Units as of the time of a determination of Supermajority Member Approval. For the avoidance of doubt, (i) an Exchanged Unit (or, with respect to an LTIP Unit, an LTIP Unit converted pursuant to the terms of the LLC Agreement) shall be attributed only to the Member entitled to receive Tax Benefit Payments with respect to such Exchanged (or converted) Unit (i.e., the Exchangor or the assignee of its rights hereunder) and (ii) an outstanding Unit that has not yet been Exchanged (or converted) shall be attributed only to the Member entitled to receive Tax Benefit Payments upon the Exchange (or conversion) of such Unit (i.e., the Member or the assignee of its rights hereunder).
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Supermajority Member Approval means the affirmative Vote of at least two-thirds of the Members that are in attendance at the meeting who are qualified to form a Quorum (as defined in Section 5.2.7) and that are entitled to Vote on a particular action or matter and do not abstain from such Vote, as determined on the Vote Date.
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Examples of Supermajority Member Approval in a sentence

  • This Agreement may be amended, supplemented or modified as set forth in a writing that receives Supermajority Board Approval and that has been approved by Supermajority Charter Member Approval; provided that amendments, supplements or modifications that do not constitute Members’ Issues, as defined above, shall require Charter Member Approval instead of Supermajority Member Approval.


More Definitions of Supermajority Member Approval

Supermajority Member Approval means written approval by Members whose rights under this Agreement are attributable to at least seventy percent (70%) of the Common Units outstanding (and not held by U.S. Corporation or Nevada Corporation) immediately after the effective date of the Public Listing (as appropriately adjusted for any subsequent changes to the number of outstanding Units). For purposes of this definition, a Member’s rights under this Agreement shall be attributed to Common Units as of the time of a determination of Supermajority Member Approval. For the avoidance of doubt, (i) an Exchanged Unit shall be attributed only to the Member entitled to receive Tax Benefit Payments with respect to such Exchanged (or converted) Unit (i.e., the Exchangor or the assignee of its rights hereunder) and (ii) an outstanding Unit that has not yet been Exchanged (or converted) shall be attributed only to the Member entitled to receive Tax Benefit Payments upon the Exchange (or conversion) of such Unit (i.e., the Member or the assignee of its rights hereunder).
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Supermajority Member Approval means the affirmative vote of each Member (excluding any Defaulting Member) with a Capital Commitment of at least $35 million.
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Supermajority Member Approval means the affirmative vote of each Member or Investor Party (excluding any Defaulting Member) with a Capital Commitment of at least $35 million; for the avoidance of doubt, Contaro, the Jefferies Parties (collectively, and together with their Affiliates that are Permitted Transferees) and the Sageview Parties (collectively, and together with their Affiliates that are Permitted Transferees) each constitute an Investor Party for purposes of such calculation.
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Supermajority Member Approval means the affirmative vote of each Member (excluding any Defaulting Member) with a Capital Commitment of at least$35 million.
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Supermajority Member Approval means, with respect to any matter, the affirmative vote (or written consent pursuant to Section 5.7) of one or more Members then holding, in the aggregate, a number of Common Units that constitute at least 66 2/3% of the total number of Common Units then outstanding and entitled to vote on (or consent to, as applicable) such matter.
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Related to Supermajority Member Approval

  • Supermajority Vote means the affirmative vote of at least seventy-five percent (75%) of the Members.

  • Requisite Stockholder Approval means the affirmative vote of the holders of a majority of that company’s issued and outstanding shares entitled to vote on the Merger actually voting in favor of this Agreement and the Merger.

  • Disinterested Shareholder Approval means approval by a majority of the votes cast by all the Company’s shareholders at a duly constituted shareholders’ meeting, excluding votes attached to Common Shares beneficially owned by Insiders who are Service Providers or their Associates;

  • Super Majority Vote means, the affirmative vote of the holders of Outstanding Interests of all Series representing at least two thirds of the total votes that may be cast by all such Outstanding Interests, voting together as a single class.

  • Majority Shareholder Vote means a vote of “a majority of the outstanding voting securities” (as such term is defined in the 0000 Xxx) of the Trust with each class and series of Shares voting together as a single class, except to the extent otherwise required by the 1940 Act or this Declaration with respect to any one or more classes or series of Shares, in which case the applicable proportion of such classes or series of Shares voting as a separate class or series, as the case may be, also will be required.

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.8

  • Stockholder Approval means such approval as may be required by the applicable rules and regulations of the Nasdaq Stock Market (or any successor entity) from the stockholders of the Company with respect to issuance of all of the Warrants and the Warrant Shares upon the exercise thereof.

  • Shareholder Approval Date means the date on which this Plan is approved shareholders of the Company eligible to vote in the election of directors, by a vote sufficient to meet the requirements of Code Sections 162(m) (if applicable) and 422, Rule 16b-3 under the Exchange Act (if applicable), applicable requirements under the rules of any stock exchange or automated quotation system on which the Shares may be listed on quoted, and other laws, regulations and obligations of the Company applicable to the Plan.

  • Shareholder Approval means such approval as may be required by the applicable rules and regulations of the Nasdaq Stock Market (or any successor entity) from the shareholders of the Company with respect to the transactions contemplated by the Transaction Documents, including the issuance of all of the Shares and Warrant Shares in excess of 19.99% of the issued and outstanding Common Stock on the Closing Date.

  • Majority Vote means a vote made by more than half of the Members who are present at a Meeting and who are entitled to vote and voting at that Meeting upon a resolution put to that Meeting.

  • CPUC Approval means a final and non-appealable order of the CPUC, without conditions or modifications unacceptable to the Parties, or either of them, which contains the following terms: