Qualified Majority definition

Qualified Majority means, with respect to a series of Securities, a meeting at which the Holders of at least two-thirds of the aggregate principal amount of Outstanding Securities of such series are present, in person or by proxy, and a vote of two-thirds is cast with respect to those Outstanding Securities present; provided, however, if the required percentage of a particular series of Securities present, in person or by proxy, does not reach two-thirds at an initial meeting of Holders of such Securities, a Qualified Majority will still exist if at a second meeting of Holders of such Securities a vote of the Holders of two-thirds of the Outstanding Securities present, in person or by proxy, is cast, irrespective of the amount of Securities represented at that meeting.

Qualified Majority means at least two thirds of all votes cast.

Qualified Majority means in relation to a decision of the Board, a majority of the Board including both of the Creditor Directors and at least one of the Independent Directors;

Examples of Qualified Majority in a sentence

• Appointment of a Holders’ Representative may only be passed by a Qualified Majority if such Holders’ Representative is to be authorized to consent, in accordance with § 13(2) hereof, to a material change in the substance of the Terms and Conditions.

• The name of the Company shall be “Xxxxxxxx Insurance Group, Ltd.,” or such other name as may be approved by a Qualified Majority of the Board of Directors may determine and a simple Majority of the shareholders of the Company.

• Resolutions which materially change the substance of the Terms and Conditions, in particular in the cases of section 5 paragraph 3 numbers 1 through 9 SchVG, or relating to material other matters may only be passed by a majority of at least 75% of the voting rights participating in the vote (a Qualified Majority).

• Decisions of the Board of Directors shall be taken by the favorable vote of at least three (3) of its members, except in the case of any decision implementing a decision of the Shareholders’ Meeting relating to any of the matters listed in Article 16(II) (Qualified Majority) or proposals relating to such matters, which shall require the favorable vote of at least four (4) members.

• Such resolution can only be adopted by Qualified Majority in a meeting where at least one Executive Director and at least one Non-Executive Director is present or represented.

More Definitions of Qualified Majority

Qualified Majority means at least two thirds of all votes cast; "Total Vote" means the sum of the votes of the Member States, and "Votes Cast" means the sum of affirmative and negative votes.

Qualified Majority means the holders of a majority of the aggregate principal amount of the applicable series of Notes.

Qualified Majority means a majority of at least 75% of the current allocated votes in accordance with Art. 14 and less than half of the countries represented by Shareholders voted against.

Qualified Majority means, in the case of a vote of the Board, (i) a Simple Majority voting in the affirmative and (ii) Directors representing less than fifteen percent (15%) of the entire Board voting in opposition.

Qualified Majority means (a) in respect of any matter requiring a vote of the Directors, the affirmative vote of Directors entitled to vote on such matter representing seventy-five percent (75%) or more of the total number of Ordinary Shares represented by all Directors entitled to vote on such matter (and for the purposes of this definition a Director shall be deemed to "represent" the number of Ordinary Shares as are held by the Member(s) which nominated such Director), and (b) in the respect of any matter requiring a vote of the Members, the affirmative vote of Members holding seventy-five percent (75%) or more of the Ordinary Shares entitled to vote on such matter.

Qualified Majority means the approval of RSGG (while its Capital Share is 50% or greater) and Tianqi (while its Capital Share is 20% or greater);

Qualified Majority means a majority of not less than 75 percent of the votes cast in any vote of the Holders.