majority of the outstanding shares definition

majority of the outstanding shares means the lesser of (a) sixty-seven percent (67%) or more of the shares present at a meeting if more than fifty percent (50%) of these shares are present or represented by proxy, or (b) more than fifty percent (50%) of the outstanding shares.
Sample 1Sample 2Sample 3
majority of the outstanding shares means the lesser of (a) sixty-seven percent (67%) or more of the shares present at a meeting if more than fifty percent (50%) of these shares are present or represented by proxy, or (b) more than fifty percent (50%) of the outstanding shares. The term “including” means “including without limitation.”
Sample 1Sample 2Sample 3
majority of the outstanding shares of a Fund means, with respect to that Fund, the same as "vote of a majority of the outstanding voting securities of a company" as defined in Section 2(a)(42) of the 1940 Act.
Sample 1Sample 2Sample 3

More Definitions of majority of the outstanding shares

majority of the outstanding shares means the lesser of (1) 67% or more of the outstanding voting securities of the Fund present at a meeting, if the holders of more than 50% of the outstanding voting securities of the Fund are present or represented by proxy or (2) a majority of outstanding voting securities of the Fund.
Sample 1Sample 2
majority of the outstanding shares as to any approval of stockholders means the affirmative vote, at the annual or a special meeting of the stockholders of the Corporation duly called, (1) of 67% or more of the voting securities present at such meeting, if the holders of more than 50% of the outstanding voting securities of the Corporation are present or represented by proxy or (2) of more than 50% of the outstanding voting securities of the Corporation, whichever is less. To the extent stockholders of the Corporation are required to vote as a separate class or classes with respect to any matter, such percentages shall apply on a class-by-class basis.
Sample 1
majority of the outstanding shares means (1) 67% or more of the Shares present at a meeting, if the holders of more than 50% of the Shares are present or represented by proxy, or (2) more than 50% of the Shares, whichever is less. No assurance can be given that the Fund's objective will be achieved. The Fund will seek to achieve its objective by investing, under normal market conditions, at least 80% of its total assets in ABS and MBS. The remainder of the Fund's assets will be invested in U.S. government securities, other short-term instruments or cash. Under normal market conditions, the Fund will invest at least 80% of its total assets in securities that at the time of investment are investment grade quality. The Fund reserves the right to invest without limitation in money market instruments for temporary defensive purposes. There is no limit on the percentage of the Fund's assets that may be invested in illiquid securities. There have not been any transactions involving the Fund's Shares that were effected during the past 60 business days by any executive officer or Director of the Fund, by any person controlling the Fund, by any executive officer or director of any corporation ultimately in control of the Fund or by any associate or subsidiary of any of the foregoing including any executive officer or director of any such subsidiary. The principal executive offices of the Fund are located at Three World Financial Center, 000 Xxxxx Xxxxxx, 10th Floor, New York, NY 10281-1010.
Sample 1
majority of the outstanding shares means the vote of (i) 67% or more of the Fund's shares present at a meeting, if more than 50% of the outstanding shares of the Fund are present or 10 ================================================================================ ================================================================================ I784 FUNDS --------------------------------------------------------------------------------
Sample 1
majority of the outstanding shares when used herein shall have the meaning specified for the term "majority of the outstanding voting securities" in the Investment Company Act of 1940, as amended.
Sample 1

Related to majority of the outstanding shares

  • Outstanding Shares means those Shares recorded from time to time in the books of the Trust or its transfer agent as then issued and outstanding, but shall not include Shares which have been redeemed or repurchased by the Trust and which are at the time held in the treasury of the Trust.

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Principal Outstanding means the principal amount of the Loan outstanding as on the date of occurrence of Insured Event less the portion of principal component included in the EMIs payable but not paid from the date of the loan agreement till the date of the Insured Event/s. For the purpose of avoidance of doubt, it is clarified that any EMIs that are overdue and unpaid to the Bank prior to the occurrence of the Insured Event will not be considered for the purpose of this Policy and shall be deemed as paid by the Insured.

  • L/C Exposure at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time, and (b) the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time. The L/C Exposure of any L/C Lender at any time shall equal its L/C Percentage of the aggregate L/C Exposure at such time.