Majority Consent definition

Majority Consent means the affirmative vote of Tokens Holders holding more than 50% of outstanding Tokens in circulation, with abstentions counted in neither the numerator nor denominator in calculating such percentage.

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Majority Consent means the Consent of Beneficiaries representing a Majority in Interest of the Beneficiaries.

Majority Consent means the affirmative vote of Investors holding, in the aggregate, in excess of 50% of the Offering Amount represented by voting Investors. Any Investor that does not respond within 15 days of receipt of a written request for an Investor vote shall be deemed to have forfeited such Investor’s right to vote on such action and the Offering Amount held by such Investor shall be ignored for purposes of determining the existence of a Majority Consent.

Examples of Majority Consent in a sentence

• These terms of reference may be amended only with [the prior written consent of the Board and] Investor Majority Consent.

• The number of Directors may not be decreased unless such decrease is approved by a Majority Consent of the Holders.

• No amendment, modification or discharge of this Agreement shall be valid or binding unless set forth in writing and duly executed by the Company, RSI and a Majority Consent of the Holders.

• By a resolution adopted with Majority Consent of the Board, the Board may designate such committees as the Board shall determine and shall prescribe the manner in which proceedings of such committees shall be conducted.

• The Company’s purchase of any such liability insurance policy shall be subject to the approval of the Board by Majority Consent.

More Definitions of Majority Consent

Majority Consent means the consent of Consenting Creditors representing more than 66 2/3% of the aggregate outstanding principal amount of the Indebtedness held by all Consenting Creditors and “Majority Consenting Creditors” shall be construed accordingly.

Majority Consent means, with respect to any Proposed Amendment submitted to a vote of the Coin Holders pursuant to Section 11(d)(i), the affirmative vote (or deemed affirmative vote pursuant to Section 11(d)(i) below) of the Coin Holders owning at least fifty-one percent (51%) of the then issued and outstanding Coins (if any).

Majority Consent means the affirmative consent of a majority of the members constituting the whole Liquidating Trust Board, given at a meeting called for that purpose, or by a written consent in lieu of a meeting in accordance with this Liquidating Trust Agreement.

Majority Consent means, with respect to any Major Loan Action submitted to a vote of the Token Holders pursuant to Section 5(a), the affirmative vote (or deemed affirmative vote pursuant to Section 5(b) below) of the Token Holders owning at least fifty-one percent (51%) of the then issued and outstanding Tokens.

Majority Consent means the vote or consent of Partners holding more than 50% of the outstanding Units.

Majority Consent of the Board shall mean the approval, authorization or ratification of at least four (4) of the Representatives comprising the Board, which approval, authorization or ratification may be given or withheld for any or no reason in the sole and absolute discretion of each Representative.

Majority Consent means the approval of those Class A Partners holding a majority of all Partner Percentages of the Class A Partners, at a meeting of the Class A Partners or approved without a meeting by written consent signed by those Class A Partners holding a majority of all Partner Percentages of the Class A Partners.