Supermajority Approval. The following actions shall require the affirmative vote of a supermajority of the Managers then serving, subject only to the requirements of Section 7.5 below:
Supermajority Approval. Notwithstanding Article 11.3(a), a minimum 75 percent vote total in accordance with Article 11.2 shall be required to approve any of the following: (i) the annual budget; (ii) any substantive amendment to the CMA GSP; (iii) addition of new Members pursuant to Article 6.2; (iv) establishment and levying of any fee, charge, or assessment; (v) adoption or amendment of the GSA Bylaws; (vi) regulation, limitation, or suspension of extractions from groundwater xxxxx; or (vii) issuance of bonds or other forms of indebtedness.
Supermajority Approval. Notwithstanding the foregoing, a minimum 75 percent vote total in accordance with Article 11.2 shall be required to approve any of the following: (i) the annual budget; (ii) any substantive amendment to the EMA GSP ; (iii) any decision to resolve litigation; (iv) addition of new Members pursuant to Article 6.2; (v) establishment and levying of any fee, charge, or assessment;
Supermajority Approval. The following actions shall require Supermajority Approval with respect to of the Managers then serving, subject only to the requirements of Section
Supermajority Approval. Neither any Member, Manager or officer shall have any authority to take any of the following actions or enter into any agreement or arrangement to consummate any of the following actions on behalf of the Company, or otherwise cause or permit the Company to do any of the following without Supermajority Approval:
Supermajority Approval. The following matters shall ----------------------- require the vote, approval or consent of Members holding 66.67% of the Voting Interests and who are not otherwise the subject of Section 4.5: (a) any transfer of a Voting Interest other than a transfer of a Voting Interest (i) without a corresponding transfer of an Economic Interest, which transfer shall be subject to Section 4.9.3 or (ii) effected by virtue of the operation of Section 4.4.1; (b) any transfer of an Economic Interest other than a transfer of an Economic Interest (i) otherwise permitted under Article 7 or (ii) effected by virtue of the operation of Section 4.4.1; (c) a change in the business of the Company from that provided for in Section 2.6; (d) the admission of a new member to the Company except as otherwise permitted by Article 7, if such admission would result in a dilution of any Member's Economic Interest or Voting Interest; (e) a merger or consolidation of the Company or a sale of substantially all of the Company's assets; (f) any amendment of the Certificate or this Agreement that could have a material adverse effect on the Economic Interest or Voting Interest of a Member; (g) a decision to enter into a contract or other obligation involving an obligation on the part of the Company to pay or guarantee indebtedness of, or to provide services having a value or cost of, One Hundred Thousand Dollars ($100,000) or more; (h) a decision to compromise the obligation of a Member to make a Capital Contribution or return money or property paid or distributed in violation of the Act; (i) the declaration or making of any payment or distribution not contemplated by Article 6 (except to the extent prohibited by Section 6.7) or the prohibition of the declaration or making of any payment or distribution otherwise contemplated by Article 6; (j) the dissolution or winding up of the Company, including any decision to file a voluntary proceeding, or acquiesce to the filing of an involuntary proceeding, with respect to the Company under the federal Bankruptcy Code; (k) a decision to approve any annual business plan or budget for the Company; (l) a change in the location of the principal place of business of the Company; (m) the granting or permitting of access, to any Member not having Voting Interests, to the customer identification information of any Person to whom the Company provides products or services; (n) participation by the Company in the profits of any customer pool to be established by any ...
Supermajority Approval. Without the prior written consent or approval of Members holding eighty percent (80%) of the Units of the LLC the Managers of the LLC may not cause the LLC to:
Supermajority Approval. The Company shall not, and shall not permit any of its Subsidiaries to, take any of the following actions without first obtaining Board approval and the affirmative vote or written consent of Stockholders who Beneficially Own at least sixty-six and two-thirds percent (66 2/3%) of the outstanding shares of Common Stock held by all Stockholders:
Supermajority Approval. Anything to the contrary in this Agreement notwithstanding, none of the following actions shall be undertaken without the prior written consent of Members holding not less than 80% of the Outstanding Interests (“Supermajority Interests”):
Supermajority Approval. Notwithstanding any other provision of these Bylaws, from the effective date of this Article X until the Effective Time, the Board of Directors of the corporation shall not, without the approval of at least eight directors: (i) authorize the taking of any action on behalf of the corporation in connection with the Agreement, including, without limitation, action (A) to amend, terminate or enforce the Agreement; (B) to authorize any extension of time for the performance of any of the obligations or other acts of Parent or Merger Sub; (C) to waive the compliance with any covenant by Parent or Merger Sub or any condition to any obligation of the corporation or waive any right of the corporation under the Agreement; (D) to authorize a Change of Recommendation; (ii) authorize any action inconsistent with or in contravention of the Agreement, or any of the transactions contemplated thereby; (iii) change or remove any of the current or future financial and legal advisors to the Special Committee or the corporation or retain any new legal counsel for the corporation; (iv) change or remove any member of corporation’s senior management team, including but not limited to the Chief Executive Officer, the Chief Financial Officer, the Controller, L.X. Xxxx, Dxxxx Xxxxxxx, Jxxxx Xxxx or Txxxx Xxxxxxxx; (v) terminate or change the composition of, or terminate the existence of the following committees of the Board of Directors: the Special Committee, the audit committee, the compensation committee and the special stock option committee (provided that any action by the compensation committee or the special stock option committee shall be subject to further approval by the Board of Directors); (vi) amend, or propose to adopt amendments inconsistent or in contravention with, the charter documents of any committee to the Board of Directors; (vii) change or remove the corporation’s auditors; (viii) change the composition of the Special Committee or the number of directors of the corporation (ix) amend or repeal this Article X of the Bylaws, (x) change the date, time or place for the Stockholders’ Meeting or authorize or approve any adjournment of such meeting, or (xi) create, authorize or otherwise empower any new committee of the Board of Directors. The requirement of a supermajority vote for certain actions is not intended to limit the power of the Special Committee to take those actions to the extent that the power has been delegated to the Special Committee.
