Special Majority Decisions Sample Clauses
Special Majority Decisions. The following matters within the competence of the General Assembly of Holders of Securitized Securities may be resolved, on first or second summons, only with the favorable vote of two or more Holders of outstanding Securitized Securities representing the numerical majority of the Holders of Securitized Securities present and at least eighty percent (80%) of the number of outstanding Securities: -------------------------------
1. To consent that the Investment Trust carry out a debt operation provided that the same is subject to the requirements established by Title I of Book 3, Chapter VI, Section I, Article 6 of the Compilation of Rules for the Securities Market and other applicable regulations. ------
2. Approve the early liquidation of the Investment Trust, when applicable. -----------------------
3. Approve amendments to the Contract in the manner and scope set forth in Article Fifty-First of this Contract. ---------------------------------------------------------------------------------------------
4. To approve the transfer of the NUEVATEL - BDP SC 049 Investment Trust to another Securitization Company, and to define and approve the substitution procedure in the manner and with the scopes foreseen according to Article Fifty-Six of this Contract. ----------
5. To remove the Common Representative of the Holders of Securitized Securities. ---------- If there is not a quorum to deliberate and decide at the General Assembly of Holders of Securitized Securities on the first summon regarding any of the aforementioned matters, a second summon to the General Assembly of Holders of Securitized Securities may be made, in which the presence of two or more Holders of outstanding Securitized Securities shall be sufficient to validly deliberate and decide, a fact that must be clearly stated in the notice of the second summon. --------------------------------------------------------------------------------------------- The decisions adopted by the General Assembly of Holders of Securitized Securities pursuant to the terms of this Section 43.9 shall be submitted to the ASFI for its formal approval. For this purpose, the ASFI shall previously verify that such decisions have been adopted within the guidelines established by Title I of Book 3 of the Compilation of Rules for the Securities Market and other applicable regulations. ------------------------------------------------
Special Majority Decisions. Decisions taken by the Management Committee with respect to the matters set out in schedule 4 will require the affirmative vote of Representatives of those Participants entitled to vote at the meeting having 76% or more of the total Interests.
Special Majority Decisions. The following decisions shall be Special Majority Decisions and the voting mechanism described in Section 5.3(b) shall determine the decision of the Board of Managers in respect thereof:
(a) approve the Project Sanction AFE;
(b) adopt a proposed Supplemental Program and Budget (and corresponding proposed Funding Plan) that contemplates increases to or reallocations in the adopted Initial Construction Program and Budget or a previously adopted MPE Program and Budget and/or relevant Funding Plan (other than in respect of any increase or reallocation in respect of an MPE Program and Budget funded pursuant to an MPE Sole Fund, which shall be solely funded by the relevant Sole-Funding Member) involving proposed aggregate additional budgeted expenditures over $[Redacted - Commercially sensitive information] (the "Major Overrun Threshold");
(c) decide to: (i) commence Development of the Mesaba Project; or (ii) expand any part of the Two Projects in any manner that entails capital Costs of more than $[Redacted - Commercially sensitive information], (in either case, a "Major Project Expansion") and related MPE Program and Budget and related Funding Plan;
(d) after completion of the NorthMet Construction, suspend Operations for a period of greater than 90 days other than for reasons related to health, safety or environmental concerns by the Management Team or as a result of an Event of Force Majeure;
(e) settle any litigation or arbitration that involves a payment by or to the Company or its subsidiaries in excess of $[Redacted - Commercially sensitive information], provided that: (a) the vote in favour thereof of those Appointees nominated for appointment by a Member will not be required where such Member or any of its Affiliates is adverse in interest to the Company in such litigation or arbitration; and (b) the vote in favour thereof of those Appointees nominated for appointment by a Member will be required where such Member (or any of its Affiliates) is disproportionately affected to a significant extent by such litigation or arbitration (provided that a vote described in part (b) shall not take place in violation of the restriction described in part (a));
(f) approve an impact benefit or similar agreements or arrangements with communities in connection with the furtherance of the Two Projects or any part thereof;
(g) approve the disposition of Assets with a value, individually or in the aggregate, greater than $[Redacted - Commercially sensitive information], o...
Special Majority Decisions. Decisions taken by the Management Committee and ▇▇▇▇▇ Board with respect to the matters set out in Schedule E will require the affirmative votes of one or more Members or ▇▇▇▇▇ Board members entitled to vote at the meeting having more than 85% of the total votes of all Members or ▇▇▇▇▇ Board members entitled to vote. Each such decision of the Management Committee or the ▇▇▇▇▇ Board is termed a “Special Majority Decision” as it relates to the Management Committee or the ▇▇▇▇▇ Board, as applicable.