Majority Decisions definition

Majority Decisions. All decisions that are not Unanimous Decisions and not ministerial.

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Majority Decisions means any of the decisions set forth on Schedule I hereto, which shall require the prior written consent of Holders holding at least a Deciding Majority (based on their respective Percentage Interests).

Majority Decisions. Any waiver of a monetary Event of Default within thirty (30) days after becoming an Event of Default unless cured by Borrower in accordance with the Mortgage Loan documents.

Examples of Majority Decisions in a sentence

Subject to Section 14.01(e) of the Put/Call, Registration Rights and Standstill Agreement and Sections 14.01 and 14.05 and Section 5 of Schedule 8.14, all Super Majority Decisions to be decided by the Board of Managers shall be approved by the unanimous affirmative vote of the votes cast by the Representatives who are present, either in person or by proxy, at a duly called meeting of the Board of Managers at which a quorum is present.
Subject to Sections 14.01 and 14.05 and Section 5 of Schedule 8.14, all matters other than Super Majority Decisions to be decided by the Board of Managers shall be approved by the affirmative vote of a majority of the votes cast by the Representatives who are present, either in person or by proxy, at a duly called meeting of the Board of Managers at which a quorum is present, unless the vote of a greater number of Representatives is required by Applicable Law or this Agreement.
Subject to Section 14.01(e) of the ------------------------- Put/Call, Registration Rights and Standstill Agreement and Sections 14.01 and 14.05 and Section 5 of Schedule 8.14, all Super Majority Decisions to be decided by the Board of Managers shall be approved by the unanimous affirmative vote of the votes cast by the Representatives who are present, either in person or by proxy, at a duly called meeting of the Board of Managers at which a quorum is present.
Matters Constituting Super Majority Decisions..................................................................
Subject to Sections 14.01 and 14.05 and Section ---------------- 5 of Schedule 8.14, all matters other than Super Majority Decisions to be decided by the Board of Managers shall be approved by the affirmative vote of a majority of the votes cast by the Representatives who are present, either in person or by proxy, at a duly called meeting of the Board of Managers at which a quorum is present, unless the vote of a greater number of Representatives is required by Applicable Law or this Agreement.
All Super Majority Decisions to be decided by the Members shall be approved in writing by each of the Members that holds at least 30% of the outstanding Percentage Interests.
In the event that a Party's Percentage Share exceeds sixty percent (60%), all Majority Decisions will be made by the Board acting by the simple majority consent of Directors.
Decision making designations should be determined by the NRIWGC on a case by case basis, but at a minimum: Unanimous Consensus is required for: • Service Agreement • Service Management Plan • Permission Acceptance Agreement (PAA) • Privacy Protocol • the RIW Service Provider’s Privacy Policy • Permissions User Matrix • National Roles Matrix • Business Rules relating to system functionality Majority Decisions are required for: • An individual’s evidence of competency that informs a business rule.
The General Partner shall act on behalf of the Partnership to implement all Super Majority Decisions approved in accordance with Section 10.3. The General Partner may designate one or more of its Affiliates to carry out its duties and responsibilities to the Partnership.
All Super Majority Decisions to be decided by the Board of Managers shall be approved by the affirmative vote equal to seventy-five percent (75%) or more of the Percentage Interests in the Company cast by the Representatives (or Alternate Representatives) who are present, either in person or by proxy, at a duly called meeting of the Board of Managers at which a quorum for Super Majority Decisions is present.

More Definitions of Majority Decisions

Majority Decisions or "Unanimous Decisions" without the approval of the required General Partners (as if such decisions were made by the Partnership).

Majority Decisions are: (i) executing, modifying, accepting the surrender of or terminating any lease or other arrangement involving the rental, use or occupancy of any Property or any part thereof, except where such action would constitute a Unanimous Decision; (ii) instituting or settling any litigation, action or claim, or confessing any judgment against the Company or any Subsidiary, except where such action would constitute a Unanimous Decision; (iii) approving an insurance program for the Company, any of the Subsidiaries or any of the Properties; (iv) taking any action in respect of any Property relating to environmental matters other than obtaining environmental studies and reports and conduct (or arrange for) evaluations and analyses thereof; (v) unless required pursuant to the terms of any ground lease or mortgage encumbering any Property, deciding whether to repair or rebuild in case of material damage to any of the improvements on any Property, or any part thereof, arising out of a casualty or condemnation (except such emergency repairs as may be necessary to protect any Property) to the extent such decision does not constitute a Unanimous Decision under Section 3.4(a) above; (vi) selecting the Company's accountants and independent auditors; and approving financial statements prepared by the Company's auditors; provided, however, that in no event may the Company's accountants or auditors be other than BDO Seidman, LLP without the unanimous written consent of the Mana▇▇▇▇▇▇ Committee; (vii) determining that a Company Asset should be appraised and selecting an appraiser in connection therewith; (viii) entering into any contract involving payment of $50,000 or more during any calendar year; (ix) selecting or varying tax or accounting methods which would have a material effect on income, loss, gain or deduction of the Company or any Subsidiary and making any other decisions or elections with respect to federal, state, local or foreign tax matters or other financial purposes; (x) making or agreeing to any changes to the zoning of any Property; and approving the terms and provisions of any restrictive covenants or easement agreements (other than utility easements or other non-material easements necessary for the operation or development of any Property) affecting any Property or any portion thereof; (xi) conducting any remediation of any environmental contamination or other similar matters; (xii) approving the hiring or removal of any mall manager at a Property; or (xii...

Majority Decisions means any of the Majority Decisions listed in Section 3.4(b).

Majority Decisions means the "Majority Decisions" listed in the Partnership Agreement, as applied mutatis mutandis.