Major Action definition

Major Action shall have the meaning assigned to the term “Material Action,” “Major Action,” “Major Decision” or any equivalent term in the Servicing Agreement.

Major Action has the meaning set forth in the Equityholders Agreement.

Major Action shall have the meaning (i) prior to the Note A-1 Securitization Date, assigned to the term “Material Action”, “Major Action”, “Major Decision” or any equivalent term in the Model PSA and (ii) from and after the Note A-1 Securitization Date, assigned to the term “Material Action”, “Major Action”, “Major Decision” or any equivalent term in the Securitization Servicing Agreement.

Examples of Major Action in a sentence

• Accordingly, among other restrictions included in the Equityholders Agreement, no act shall be taken, sum expended, decision made, obligation incurred or power exercised by or on behalf of the Member or the Company or the officers or employees of the Member or the Company with respect to any Major Action (as such term is defined in the Equityholders Agreement) unless the additional approval requirements as set forth in the Equityholders Agreement have been complied with.

• Notwithstanding the provisions set forth in Section 10(d) regarding voting requirements, no action with respect to any Major Action (as defined below), shall be effective unless approved by consent of the SRO Member Director.

• Additionally, unless approved by the SRO Member Director, neither Member on behalf of the Company shall enter into or permit the Company to enter into any Major Action.

• Notwithstanding the foregoing, committees of the Board shall not have any power or authority to approve or transact any Major Action.

• XM shall have the right to approve the review including completion of the review, review meeting minutes, and Major Action Item responses.

More Definitions of Major Action

Major Action means an action that is likely to have significant adverse environmental impacts. "Major" reinforces but does not have a meaning independent of "significantly" (Section 25.05.794).

Major Action means any of the following:

Major Action means an action of such magnitude and complexity that the action will have significant effects upon the quality of the human environment. It does not include actions whose significance is based only on economic or social effects.

Major Action means an action significantly affecting the quality of the human environment. Actions are called “major” when they significantly affect the environment of human beings.“Major” reinforces but does not have a meaning indepen- dent of“significantly.”

Major Action. (a) after a Securitization, shall have the meaning assigned to the term “Material Action”, “Major Action”, “Major Decision” or any equivalent term under the Lead Securitization Servicing Agreement as of such date of determination and (b) prior to a Securitization of a Note, shall mean any of the following:

Major Action means:

Major Action shall have the meaning set forth in Section 3.2 hereof.