Class B Majority definition

Class B Majority means Class B Members holding a majority of the Series B Common Units.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Class B Majority has the meaning set forth in Section 1.1(a).

Class B Majority means the consent of the Class B Members holding Class B Units that represent more

Examples of Class B Majority in a sentence

• The Trust Collateral Agent further agrees to follow such written instructions relating to the administration of, and transfers from such account, as may be delivered by the Servicer (unless such instructions are revoked by the Class A Majority, the Class B Majority or the Class C Majority or by the Administrative Agent).

• No resignation of the Servicer shall become effective until the Backup Servicer or an entity acceptable to the Class A Majority, the Class B Majority and the Class C Majority, acting together, shall have assumed the responsibilities and obligations of the Servicer.

• At any time that a Servicer Termination Event has occurred and is continuing, the Class A Majority, the Class B Majority and the Class C Majority, acting together, may vote to instruct the Administrative Agent not to deliver a Servicer Extension Notice with respect to the next succeeding calendar quarter.

• If the Class A Majority, the Class B Majority and the Class C Majority, acting together, instruct the Administrative Agent in writing to revoke any standing instructions, the Administrative Agent shall do so.

• In the event of any such failure, a Class B Majority shall, whether or not it gives such notice, have the authority to cause the Company to take the directed action.

More Definitions of Class B Majority

Class B Majority means the "Majority Class B Owners" together with the ---------------- "Majority Class B Purchasers", each as defined in the Class B Note Purchase Agreement.

Class B Majority means Class B Limited Partners who (in their capacities as Class B Limited Partners), at any time, have aggregate Adjusted Capital Contributions representing more than 50.0% of the total aggregate Adjusted Capital Contributions of all Class B Limited Partners (in their capacities as Class B Limited Partners) at such time.

Class B Majority means the holders of a majority of the Common Stock issuable upon conversion of the Class B Shares outstanding from time to time, as determined on an as-converted basis.

Class B Majority means the holders of a majority of the Class B Units (excluding Class B Units held by Management Holdco).

Class B Majority has the meaning ascribed to such term in the Articles.

Class B 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 B Noteholders.

Class B Majority means the holders of a majority of the then-outstanding Class B Units, but excluding in all cases (a) the General Partner, any member of the Partnership Group, any Designating Party and, in each case, their respective Affiliates and Transferees (immediate and subsequent), (b) Persons (other than Initial Investors and their respective Permitted Transferees) acquiring Class B Units pursuant to Section 4.1(e)(i), and (c) Defaulting Investors to the extent prohibited from voting, providing their consents or making objections pursuant to Section 4.1(e)(v)(C).