Class A Majority definition

Class A Majority means, as of any time, the Members holding a majority of the Class A Units (including Class A-1 Units) then issued and outstanding.
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Class A Majority means the consent of the Class A Members holding Class A Units that represent more
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Class A Majority means the vote of the holder or holders of a majority of the Class A Units. “Class A Members” means those Members holding Class A Units, as listed on Schedule I attached hereto, and any Person who or which is issued Class A Units pursuant to and in accordance with the terms and conditions of this Agreement or succeeds to a Class A Member’s Company Interest as permitted herein.
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Examples of Class A Majority in a sentence

  • Hollin represented the LLR funds and supported the Sales Agreement, but the record does not contain a written document, executed by a representative of LLR, reciting that LLR had approved the Sales Agreement for purpose of the LLC Agreement.The Sales Agreement did not receive approval from a Class A Majority.

  • The Sales Agreement did not receive formal approval from the Board, the Investors, or the Class A Majority.

  • LLCA § 5.4.of the Board, the Investors, and the Class A Majority.

  • She supported the Sales Agreement and signed it in her capacity as CEO, but the record does not contain a written document, executed by Logan, reciting that a Class A Majority had approved the Sales Agreement for purpose of the LLC Agreement.

  • The Related Party Provision requires Board approval and two member-level approvals (the Investors and the Class A Majority).

  • Moreover, even assuming the Board would have voted to approve the Sales Agreement, there was no formal approval by the Investors and the Class A Majority, as also required by the LLC Agreement.

  • Resolutions of the Class A Meeting shall be adopted by an Absolute Class A Majority unless these articles or the law state otherwise.

  • Generally, votes under this Agreement are limited to Class A Members and require, unless otherwise noted hereunder, the approval of a Class A Majority in Interest.

  • Except as otherwise provided in Section 3.6(C) and Section 12.2, any amendment of this Agreement will require the vote of (A) the Managers, and (B) a Class A Majority.

  • CardUX concedes, as it must, that not one of the required parties -- the Board, the Investors, or the Class A Majority, much less all -- approved the Sales Agreement, and further concedes that it was properly charged with knowledge of the lack of those approvals.


More Definitions of Class A Majority

Class A Majority means the "Class A Majority Owners" together with the ---------------- "Class A Majority Purchasers".
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Class A Majority means as of the date of determination, Holders ---------------- having more than fifty percent (50%) of the then-outstanding Voting Rights of all of the Class A Noteholders.
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Class A Majority means the holders of a majority of the Common Stock issuable upon conversion of the Class A Shares outstanding from time to time, as determined on an as-converted basis.
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Class A Majority means the holders of a majority of the Registrable Securities held by the Class A Holders.
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Class A Majority means Members holding at least 50.1% of the aggregate amount of all Class A Units held by Members.
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Class A Majority means, collectively and as of the time of determination, the Class A Stockholder(s) holding a majority of the then-outstanding Class A Shares.
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Related to Class A Majority

  • Super Majority has the meaning set forth in paragraph 5(b) of Annex I.

  • Note Majority means a majority by principal amount of the Noteholders.

  • Super Majority Vote means, the affirmative vote of the holders of Outstanding Interests of all Series representing at least two thirds of the total votes that may be cast by all such Outstanding Interests, voting together as a single class.

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.7

  • Unit Majority means (i) during the Subordination Period, at least a majority of the Outstanding Common Units (excluding Common Units owned by the General Partner and its Affiliates), voting as a class, and at least a majority of the Outstanding Subordinated Units, voting as a class, and (ii) after the end of the Subordination Period, at least a majority of the Outstanding Common Units.

  • Investor Majority means [the holders of at least [ ] per cent of Series A Shares from time to time] [Note: amend as appropriate];

  • special majority means the majority of votes described in §11.2 which is required to pass a special resolution. Act and Interpretation Act Definitions Applicable

  • Simple Majority means a decision made by the Management Committee by more than 50 percent of the votes represented and entitled to be cast at a meeting thereof.

  • Requisite Majority means, as at any particular time, Passenger Operators whose Vehicle departures from the Station, expressed as a percentage of Total Departures, as at the relevant date, together are at least equal to the percentage specified in paragraph 4 of Annex 8 (or such other percentage as the ORR may specify by notice to the Station Facility Owner and to each Passenger Operator as the new percentage which is to apply for these purposes following the entry into, variation, amendment or termination of an access contract permitting a passenger service operator to use the Station, a Change in Control of any Passenger Operator or any event which results in a material change to the proportion of the Total Departures made by trains operated by or on behalf of any Passenger Operator);

  • absolute majority , of the Committee, means a majority of the committee members currently holding office and entitled to vote at the time (as distinct from a majority of committee members present at a committee meeting);

  • Majority in liquidation amount of the Capital Securities means Holder(s) of outstanding Capital Securities, voting together as a class, but separately from the holders of Common Securities, of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all Capital Securities then outstanding.

  • Majority in Liquidation Amount of the Preferred Securities means a vote by the Holder(s), voting separately as a class, of more than fifty percent (50%) of the aggregate Liquidation Amount of all then outstanding Preferred Securities issued by the Issuer.

  • Majority in Interest of Noteholders means, as of a particular date of determination and subject to Section 2.16 of the Indenture, the holders of at least a majority in aggregate unpaid principal amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by the Company or any Affiliate thereof, it being understood that a Pass Through Trustee shall be considered an Affiliate of the Company as long as more than 50% in the aggregate face amount of Pass Through Certificates issued by the corresponding Pass Through Trust are held by the Company or an Affiliate of the Company or a Pass Through Trustee is otherwise under the control of the Company or such Affiliate of the Company (unless all Equipment Notes then outstanding are held by the Company or any Affiliate thereof, including the Pass Through Trustees which are considered Affiliates of the Company pursuant hereto)); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder, any Noteholder of an Equipment Note or Equipment Notes may allocate, in such Noteholder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action, vote, consent, waiver or instruction.

  • Majority (as defined in the 0000 Xxx) of the Fund's outstanding voting securities, provided that in either event the continuance is also approved by a majority of the Board of Directors who are not "interested persons" (as defined in said Act) of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. This Agreement is terminable, without penalty, on 60 days' written notice, by the Board of Directors of the Fund or by vote of holders of a majority of the Fund's shares, or upon 90 days' written notice, by the Adviser. This Agreement will also terminate automatically in the event of its assignment (as defined in said Act).

  • Majority Vote means a vote made by more than half of the Members who are present at a Meeting and who are entitled to vote and voting at that Meeting upon a resolution put to that Meeting.

  • Age of majority means the age when the procedural safeguards and other rights afforded to the parent or parents of a student with a disability transfer to the student. In Virginia, the age of majority is 18.

  • Class A Shares means the Class A ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class A Shares, and having the rights provided for in these Articles.

  • Super-Majority Banks means at any time Banks having at least 85% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing at least 85% of the aggregate unpaid principal amount of the Loans.

  • Class A Note Balance means, at any time, the sum of the Class A-1 Note Balance, the Class A-2 Note Balance and the Class A-3 Note Balance at such time.

  • Class A Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class A Noteholders’ Interest Distribution Amount and the Class A Noteholders’ Principal Distribution Amount for that distribution date.

  • Super Majority Lenders means at any time a Lender or group of Lenders whose Commitments aggregate more than 80% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 80% of the Total Commitments immediately prior to that reduction).

  • Class A Noteholders means, collectively, the Class A-1 Noteholders, the Class A-2 Noteholders, the Class A-3 Noteholders and the Class A-4 Noteholders.

  • Class E Note Balance means, at any time, the Initial Class E Note Balance reduced by all payments of principal made prior to such time on the Class E Notes.

  • Majority Interest means one or more Members who in the aggregate hold more than 50% of all Membership Shares.