A Majority Interest definition

A Majority Interest. (represented either in person or by proxy) shall constitute a quorum for the transaction of business at any meeting of the Members. With respect to any matter, except any matter requiring the consent of all the Members under Section 5.5.1, an act of a Majority Interest shall be the act of the Members. Each Member may, with respect to any vote, consent or approval that he is entitled to grant pursuant to this Agreement, grant or withhold such vote, consent or approval in his Sole Discretion.
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Examples of A Majority Interest in a sentence

  • A Majority Interest represented in person or by proxy shall constitute a quorum at a meeting of the Partners.

  • A Majority Interest represented in person or by proxy shall constitute a quorum at a meeting of Limited Partners.

  • A Majority Interest shall do all things necessary to comply with the Delaware Act and is authorized and directed to do all things that it determines to be necessary or appropriate in connection with any future issuance of Membership Interests pursuant to the terms of this Agreement, including compliance with any statute, rule, regulation or guideline of any federal, state or other governmental agency.

  • A Majority Interest may change the name of the Company at any time and from time to time and shall notify the Members of such change in the next regular communication to the Members.

  • A Majority Interest represented in person or by proxy shall constitute a quorum at a meeting of Partners.

  • A Majority Interest shall select the Chief Accounting Officer of the YieldCo General Partner for approval by the Board of Directors.

  • A Majority Interest may remove the General Partner for fraud, gross negligence or willful misconduct.

  • A Majority Interest may rely upon the advice of the accountants retained by the Company as to the availability and effect of all such elections for tax purposes.

  • A Majority Interest may designate one or more committees, each of which shall be comprised of one or more of the Members, and may designate one or more of the Members as alternate members of any committee.

  • A Majority Interest represented in person or by proxy shall constitute a quorum at any meeting of Members.