Supermajority means, with respect to any Class of Notes, the holders of at least 66-2/3% of the Aggregate Outstanding Amount of the Notes of such Class.
Supermajority means not less than 60% of the members of the district board.
Supermajority means at least two-thirds (66 2/3%) of those Trustees or Shares, as applicable, entitled to vote; and
Examples of Supermajority in a sentence
The Asset Manager may be removed for cause, on the 20th day after the date on which the Issuer or the Trustee, at the direction of a Supermajority of each Class of Notes (voting separately), delivers written notice, setting forth the cause of such removal, to the Asset Manager and the Rating Agency; provided, however, the Asset Manager shall have the opportunity to cure or remove the breach, event or other circumstances giving rise to such cause set forth in such removal notice.
More Definitions of Supermajority
Supermajority means a combination of Lenders representing an aggregate of more than 66-2/3% of the aggregate Commitments of the Lenders then in effect; provided that, if there are two or more unaffiliated Lenders party to this Agreement as of the applicable date of determination, then at least two such Lenders shall be required to constitute a Supermajority; provided further that the Commitment of, and the portion of any outstanding Advances, as applicable, held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of a Supermajority.
Supermajority means 2/3 of the quorum present.
Supermajority. With respect to any Class of Debt, the Holders of at least 662/3% of the Aggregate Outstanding Amount of the Debt of such Class as of such date of determination.
Supermajority means the following:
Supermajority with respect to any Class of Securities, the holders of at least 66-2/3% of the Aggregate Outstanding Amount of such Class of Securities.
Supermajority. With respect to any Class of Notes, the Holders of at least 66⅔% of the Aggregate Outstanding Amount of the Notes of such Class.
Supermajority means the approval or vote of the holders owning at least eighty-five percent (85%) of the Company’s issued and outstanding Membership Units at any given time.