Double Majority definition

Double Majority requirement means that local elections aren’t always decided by voters—they’re decided by
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Double Majority means that both of the following majorities are achieved:
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Double Majority means that any decision has to be approved by a majority of member countries as well as by a majority of members’ shares in the institution. This approach gives smaller and poorer members a clearer and more effective role than does a single-majority voting approach based on members’ economic weight or financial contri- butions.
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Examples of Double Majority in a sentence

  • If the Coordination Committee, with the approval of a Double Majority, approves the sale of the Plant or its decommissioning, the Plant shall be sold or decommissioned.

  • If a Double Majority votes in favor of the Project continuing when the Project Vote is taken then an Owner who properly withdraws under this Section 3.05(c) shall have no other obligations except those required under Sections 3.08 and 16.06, and it shall not be entitled to any refund of its Early Withdrawal Deposit.

  • If a Double Majority does not vote in favor of the Project continuing when the Project Vote is taken, or if both Otter Tail and Montana-Dakota withdraw from the Project, then an Owner who withdraws during the Early Withdrawal Period shall be reimbursed its Early Withdrawal Deposit less its portion of Project Costs described in Section 3.08 and those Project Costs incurred for winding up the Project as described in Section 14.02.


More Definitions of Double Majority

Double Majority means a majority of the Coordination Committee members and not less than a majority of Ownership Shares (it being a requirement that, when an Owner votes its Ownership Shares, it must vote all of such Ownership Shares).
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Double Majority means the following two step process:
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Double Majority means a collection of Members which includes a majority in interest of the Class A Members and a majority in interest of the Class B Members.
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Related to Double Majority

  • 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);

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

  • vote of a majority of the outstanding voting securities" shall mean the vote of the lesser of (a) 67 per centum or more of the shares of the Fund present or represented by proxy at the meeting if the holders of more than 50 per centum of the outstanding shares of the Fund are present or represented by proxy at the meeting, or (b) more than 50 per centum of the outstanding shares of the Fund.

  • 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.