Unanimous Interest definition

Unanimous Interest means all of the Members; and
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Unanimous Interest means one or more Eligible Partners having among them at least 100% of the Partnership Interests of all Eligible Partners.
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Unanimous Interest. With respect to any vote, consent, approval or other action of the Voting Members of the Company or any Joint Series, the vote of the Voting Members thereof holding among them a one hundred percent (100%) Voting Percentage.
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Examples of Unanimous Interest in a sentence

  • This Agreement or the Delaware Certificate may be amended or restated only by a written instrument executed (or, in the case of the Delaware Certificate, approved) by a Unanimous Interest.

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

  • The Tax Matters Partner may not take any action contemplated by sections 6222 through 6232 of the Code without the consent of a Unanimous Interest, but this sentence does not authorize the Tax Matters Partner to take any action left to the determination of an individual Partner under sections 6222 through 6232 of the Code.

  • Until the Expansion Participants have (i) received payment of their share of the Expanded Capacity Revenues in an aggregate amount equal to the Payout Amount or (ii) the Company, by vote of a Unanimous Interest, has otherwise paid the unamortized portion of the Payout Amount to the Expansion Participants as described below, the Expansion Participants will be paid monthly amounts equal to 80% of the Expanded Capacity Revenues.

  • If, at any time, the Company, by vote of a Unanimous Interest, elects to prepay the unamortized amount of the Payout Amount, the Company will promptly pay an amount equal to the then remaining unpaid principal amount of the Payout Amount to the Expansion Participants, which remaining unpaid principal amount will be calculated by treating as principal payments two-thirds (2/3rds) of all amounts received by the Expansion Participants prior to such time in satisfaction of the Payout Amount.

  • In addition, if any other provision of this Agreement provides that a Majority Interest, Supermajority Interest, Ultramajority Interest or Unanimous Interest is to be calculated without reference to the Sharing Ratio of a particular Member, then the applicable voting threshold in Section 6.02(f)(i) shall be deemed adjusted accordingly.

  • Unless consented to in writing by a Unanimous Interest, and subject to the provisions of Section 4.3, the Company will not distribute any of the Initial Facilities Capital Contributions until the completion of the construction and installation of the Initial Facilities, except to the extent that a Unanimous Interest agrees that the applicable portion of such Initial Facilities Capital Contributions is no longer needed to finance such construction and installation or the operations of the Company.

  • In addition, if any other provision of this Agreement provides that a Majority Interest or Unanimous Interest is to be calculated without reference to the Sharing Ratio of a particular Member, then the applicable voting threshold in Section 6.02(f)(i) shall be deemed adjusted accordingly.

  • X-ray polarimetry has been neglected for the last 30 years but it is hoped that some of the future space missions will fill this void in X-ray astronomy (Muleri et al., 2010).

  • Notwithstanding the foregoing, the Management Committee may not delegate to such subcommittees authority or responsibility for any matters for which approval of the Management Committee by a Unanimous Interest, an Ultramajority Interest or a Supermajority Interest is required hereunder.


More Definitions of Unanimous Interest

Unanimous Interest means one or more Eligible Partners having among them at least 100% of the Partnership Interests of all Eligible Partners. “Unanimous Non-Defaulting Interest” means one or more Non-Defaulting Partners having among them at least one hundred percent (100%) of thePartnership Interests of all Non-Defaulting Partners.
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Unanimous Interest means Members, other than the excluded Members, holding among them all of the Sharing Ratios, other than Sharing Ratios held by such excluded Members. UNPAID INVESTMENT RETURN - with respect to any Member, the accrued and unpaid Investment Return on the Unreturned Investment Capital less all amounts distributed by the Company to the Member pursuant to Sections 5.1(a), 5.2(a) and 5.3(a). If any Interest is transferred in accordance with the terms of these Regulations, the transferee shall succeed to the Unpaid Investment Return of the transferor to the extent of the Interest transferred. UNRETURNED INVESTMENT CAPITAL - with respect to any Member, the total Capital Contributions of the Member less the cumulative distributions to the Member pursuant to Sections 5.1(b), 5.2(b) and 5.3(b). If any Interest is transferred in accordance with the terms of these Regulations, the transferee shall succeed to the Unreturned Investment Capital of the transferor to the extent of the Interest transferred. VOTING RATIO - with respect to any Member, such Member's Sharing Ratio; provided, however, that, if a Member shall have Disposed of all or any portion of its Interest but shall have retained its other Membership Rights, such Member shall be deemed, solely for purposes of determining such Member's Voting Ratio, to continue to hold the Sharing Ratio attributable to the Interest that was the subject of such Disposition. WITHDRAW, WITHDRAWING OR WITHDRAWAL - the withdrawal, resignation or retirement of a Member from the Company as a member. Such terms shall not include any Dispositions of Membership Rights (which are governed by Section 3.3), even though the Member making a Disposition may cease to be a Member as a result of such Disposition. Other terms defined herein have the meanings so given them.
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Unanimous Interest has the meaning set forth in Section 5.2(f).
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Related to Unanimous Interest

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Continuing ownership interest means ownership of or entitlement to more than twenty five per cent of shares or capital or profits of the company;

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Percentage Interest means, with respect to each Note Holder, a fraction, expressed as a percentage, the numerator of which is the Note Principal Balance of the Note held by such Note Holder and the denominator of which is the sum of the Note Principal Balances of all of the Notes.

  • Voting Interest With respect to any provisions hereof providing for the action, consent or approval of the Holders of all Certificates evidencing specified Voting Interests in the Trust Estate, the Holders of each Class of Certificates will collectively be entitled to the then applicable percentage of the aggregate Voting Interest represented by all Certificates equal to the ratio obtained by dividing the Principal Balance of such Class by the sum of the Class A Principal Balance and the Class B Principal Balance. Each Certificateholder of a Class will have a Voting Interest equal to the product of the Voting Interest to which such Class is collectively entitled and the Percentage Interest in such Class represented by such Holder's Certificates. With respect to any provisions hereof providing for action, consent or approval of each Class of Certificates or specified Classes of Certificates, each Certificateholder of a Class will have a Voting Interest in such Class equal to such Holder's Percentage Interest in such Class.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class LT-R Interest The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Class A Members means those Members who have purchased Class A Interests.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Majority in Interest of the Members means Members whose Percentage Interests aggregate to greater than fifty percent of the Percentage Interests of all Members.

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Class R-II Interest The uncertificated Residual Interest in REMIC II.

  • Members’ Percentage Interests means the ownership percentage interests as mentioned in Section I of this Agreement. During each fiscal year, the net profits and net losses of the Company (other than from capital transactions), and each item of income, gain, loss, deduction, or credit entering into the computation thereof, shall be credited or charged, as the case may be, to the capital accounts of each Member(s) in proportion to the Members' Percentage Interests. The net profits of the Company from capital transactions shall be allocated in the following order of priority: (a) to offset any negative balance in the capital accounts of the Member(s) in proportion to the amounts of the negative balance in their respective capital accounts, until all negative balances in the capital accounts have been eliminated; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The net losses of the Company from capital transactions shall be allocated in the following order of priority: (a) to the extent that the balance in the capital accounts of any Member(s) are in excess of their original contributions, to such Member(s) in proportion to the excess balances until all such excess balances have been reduced to zero; then (b) to the Member(s) in proportion to the Members’ Percentage Interests. The cash receipts of the Company shall be applied in the following order of priority: (a) to the payment of interest or amortization on any mortgages on the assets of the Company, amounts due on debts and liabilities of the Company other than those due to any Member(s), costs of the construction of the improvements to the assets of the Company and operating expenses of the Company; (b) to the payment of interest and establishment of cash reserves determined by the Member(s) to be necessary or appropriate, including without limitation, reserves for the operation of the Company’s business, construction, repairs, replacements, taxes and contingencies; and (d) to the repayment of any loans made to the Company by any Member(s). Thereafter, the cash receipts of the Company shall be distributed among the Member(s) as hereafter provided. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts of the Company, other than from capital transactions, shall be allocated among the Member(s) in proportion to the Members’ Percentage Interests. Except as otherwise provided in this Agreement or otherwise required by law, distributions of cash receipts from capital transactions shall be allocated in the following order of priority: (a) to the Member(s) in proportion to their respective capital accounts until each Member(s) has received cash distributions equal to any positive balance in their capital account; then (b) to the Member(s) in proportion to the Members' Percentage Interests. It is the intention of the Member(s) that the allocations under this Agreement shall be deemed to have “substantial economic effect” within the meaning of Section 704 of the Internal Revenue Code and Treas. Reg. Section 1.704-1. Should the provisions of this Agreement be inconsistent with or in conflict with Section 704 of the Code or the Regulations thereunder, then Section 704 of the Code and the Regulations shall be deemed to override the contrary provisions thereof. If Section 704 of the Regulations at any time require that limited liability company operating agreements contain provisions which are not expressly set forth herein, such provisions shall be incorporated into this Agreement by reference and shall be deemed a part of this Agreement to the same extent as though they had been expressly set forth herein.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • absolute majority , of the Committee, means a majority of the committee members currently holding office and entitled to vote at the time (as distinct from a majority of committee members present at a committee meeting);

  • Consenting working interest owner means any working interest owner who enters into an agreement with SWN pertaining to the operation of the Posey B Unit.

  • Majority in Interest of Noteholders means, as of a particular date of determination and subject to Section 2.16 of the Indenture, the holders of at least a majority in aggregate unpaid principal amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by the Company or any Affiliate thereof, it being understood that a Pass Through Trustee shall be considered an Affiliate of the Company as long as more than 50% in the aggregate face amount of Pass Through Certificates issued by the corresponding Pass Through Trust are held by the Company or an Affiliate of the Company or a Pass Through Trustee is otherwise under the control of the Company or such Affiliate of the Company (unless all Equipment Notes then outstanding are held by the Company or any Affiliate thereof, including the Pass Through Trustees which are considered Affiliates of the Company pursuant hereto)); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder, any Noteholder of an Equipment Note or Equipment Notes may allocate, in such Noteholder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action, vote, consent, waiver or instruction.

  • Percentage Interests shall have the meaning specified in the Trust Agreement.

  • Class R-III Interest The uncertificated Residual Interest in REMIC III.

  • Special Member means, upon such person’s admission to the Company as a member of the Company pursuant to Section 5(c), a person acting as Independent Director, in such person’s capacity as a member of the Company. A Special Member shall only have the rights and duties expressly set forth in this Agreement.

  • Majority in Interest of the Limited Partners means Limited Partners holding in the aggregate Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all Limited Partners.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.