Class Vote definition

Class Vote. As long as Certificates of any Class of Senior Certificates is Outstanding, a determination by the Holders of Outstanding Certificates of such Class representing more than 50% of the aggregate of the Voting Rights of such Class (or such higher percentage for such Classes as shall be specified in the applicable provisions hereunder) with respect to which votes are cast on the issue on or prior to 30 days after receipt of notice given as provided in Section 10.05(b), and after all the Classes of Senior Certificates are no longer Outstanding, by the Holders of Outstanding Class R Certificates representing more than 50% of the Residual Interests of such Class R Certificates; provided, that the Certificate Insurer shall be deemed to have 100% of the Voting Rights so long as no Certificate Insurer Default exists.
Sample 1Sample 2
Class Vote. None, except as provided by law, the terms of any preferred stock or the Certificate of Incorporation or at the discretion of the Board of Directors.
Sample 1Sample 2
Class Vote. As long as Certificates of any Class of Senior, Mezzanine ---------- or Class B Certificates is Outstanding, a determination by the Holders of Outstanding Certificates of such Class representing more than 50% of the aggregate of the Percentage Interests of such Class (or such higher percentage for such Classes as shall be specified in the applicable provisions hereunder) with respect to which votes are cast on the issue on or prior to 30 days after receipt of notice, and after all such Classes of Certificates are no longer Outstanding, by the Holders of Outstanding Class R Certificates representing more than 50% of the Residual Interests of such Class R Certificates.
Sample 1

Examples of Class Vote in a sentence

  • The Class Vote Threshold Change must be authorized and approved by (1) an affirmative vote of at least two-thirds of such shareholders of Youku as, being entitled to do so, vote in person or by proxy as a single class at the Youku AGM, and by (2) an affirmative vote of at least two-thirds of such Youku Class A shareholders as, being entitled to do so, vote in person or by proxy at the Youku Class A Shareholders Meeting.

  • The Transactions require, among other things, the affirmative vote or written consent of Advance/Newhouse pursuant to the Certificate of Designation of Series A-1 Convertible Participating Preferred Stock of Discovery for any Special A-1 Class Vote Matter (as such term is defined therein) as the holder of all of the outstanding shares of Discovery Series A-1 preferred stock.

  • Magna may satisfy this obligation by exercising voting rights attaching to MEC Class A Shares or MEC Class B Shares held by and registered in the name of Magna, except in the case of a Class Vote in which case Magna shall satisfy this obligation by exercising votes attaching to MEC Class A Shares held by and registered in the name of Magna.

  • The Certificate Insurer (or, if a Certificate Insurer Default shall have occurred and be continuing, the Certificateholders pursuant to a Class Vote) may, on behalf of all Holders of Certificates, waive any default by the Master Servicer in the performance of its obligations hereunder and its consequences.

  • In order to implement the provisions of Section 3.1, GEM has agreed to grant to the Principal Stockholders an irrevocable proxy to vote or to execute and deliver written consents in respect of the Series 1 Class Vote for all shares of Series 1 Preferred now owned or hereafter registered in his or her name in connection with the approval of such a Change of Control Transaction.

  • The Trustee in its individual or any other capacity may become the owner or pledgee of Certificates of any Class with the same rights as it would have if it were not Trustee, except that no determination, vote or request as Holder of such Certificates shall be included in the determination of a Class Vote.

  • Unless a Youku Class A shareholder indicates otherwise in his or her proxy card, the manner in which the Youku Class A shareholder votes upon the resolutions at the Youku AGM to authorize and approve the Share Issuance and the Class Vote Threshold Change will be deemed to be the same manner in which such Youku Class A shareholder votes upon the resolutions at the Youku Class A Shareholders Meeting to authorize and approve the Share Issuance and the Class Vote Threshold Change.

  • As a result of the provisions contained in this Section 3.1: (i) any Change of Control Transaction that is approved by the Majority Stockholders, taking into account GEM's Common Vote, will be approved by the Series 1 Class Vote, and (ii) any Change of Control Transaction that is not approved by the Majority Stockholders, taking into account GEM's Common Vote, will not be approved by the Series 1 Class Vote.

  • As a special resolution and as a special resolution of the Class A shareholders, THAT the Class Vote Threshold Change be authorized and approved.

  • Xxxxx currently expects that the directors and executive officers of Xxxxx will vote all of the Youku shares they beneficially own in favor of the resolutions to authorize and approve the Voting Power Ratio Change and the Class Vote Threshold Change.

Related to Class Vote

  • Required Vote has the meaning ascribed thereto in Section 2.2(b);

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

  • Special Voting Units means, collectively, special voting units of the REIT, and “Special Voting Unit” means any one of them.

  • Special Voting Unit means a special voting unit of the REIT;

  • 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.

  • Vote ’ means one of the main segments into which a budget of a municipality is divided for the appropriation of funds for the different departments or functional areas of the municipality; and which specifies the total amount that is appropriated for the purposes of the department or functional area concerned.

  • Majority Interests Vote means the vote, at a meeting of Holders, of (A) 67% or more of the Interests present or represented at such meeting, if Holders of more than 50% of all Interests are present or represented by proxy, or (B) more than 50% of all Interests, whichever is less.

  • Subordinate Voting Shares means the subordinate voting shares in the capital of the Corporation;

  • Special Voting Share means the one share of Series B Special Voting Preferred Stock with no par value, issued by US Gold to and deposited with the Trustee, which entitles the holder of record to a number of votes at meetings of holders of US Gold Common Stock equal to the number of Exchangeable Shares outstanding from time to time that are held by Non-Affiliated Holders.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class LB Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Class A Shares means Class A ordinary shares, par value US$0.0001 per share, in the share capital of the Company.

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

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

  • Class C Shares means the shares of Class C common stock of the Company.

  • vote of a majority of the outstanding voting securities" shall mean the vote, at a meeting of Holders, of the lesser of (a) 67 per centum or more of the Interests in the Trust present or represented by proxy at the meeting if the Holders of more than 50 per centum of the outstanding Interests in the Trust are present or represented by proxy at the meeting, or (b) more than 50 per centum of the outstanding Interests in the Trust. The terms "Holders" and "Interests" when used herein shall have the respective meanings specified in the Declaration of Trust of the Trust.

  • Class LE Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Class LD Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Outstanding Voting Securities of any Person means the outstanding securities of such Person entitling the holders thereof to vote generally in the election of directors of such Person.

  • Class A Preferred Stock means the Class A Preferred Stock of the Company, par value $0.0001 per share.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class LC Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Class B Preferred Stock means the Class B Preferred Stock of the Company, par value $0.0001 per share.