Majority in Interests definition

Majority in Interests means Members holding fifty-one percent (51%) or more of the Interests.
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Majority in Interests means Member Interests representing more than fifty (50%) percent of the total Member Interests issued by the Company, provided that for as long as NGBV and APOTHIO each hold interest in the Company, any vote or consent requiring a “Majority in Interests” shall include both NGBV and APOTHIO.
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Majority in Interests means Member Interests representing more than fifty (50%) percent of the total Member Interests issued by the Company, provided that for as long as Member and Company each hold interest in the Company, any vote or consent requiring a “Majority in Interests” shall include both Member and Company.
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Examples of Majority in Interests in a sentence

  • If the Managers at any time or from time to time determine to permit Additional Capital Contributions from Members, the Managers shall be required with the consent of the Majority in Interests, to give Notice to all Members that the Company is permitting Additional Capital Contributions and the date on which funds from each Member who decides to make an Additional Capital Contribution will be due and payable.

  • In the event that the Company requests additional contributions, which would be treated as loans pursuant to this Section 4.3(g), the terms of such loans shall be approved by a Majority in Interests.

  • While the Managers have discretion to determine the amount of Additional Capital Contributions to be made, the Managers will not make such offer without the consent of the Majority in Interests.

  • The Company shall not issue the Managers any Member Interests without the consent of a Majority in Interests.

  • The Managers are authorized to admit additional classes of Members to the Company from time to time subject to the approval of a Majority in Interests.

  • A Majority in Interests shall constitute a quorum at all meetings of the Members.

  • Subject to the requirement to first obtain approval of the Majority in Interests to conduct certain activities as specifically set forth herein, the management of the Company shall be vested exclusively in the Managers, who shall continue to serve as Managers until their resignation or removal pursuant to Section 6.4 hereof.

  • If the Managers determine, in their sole discretion, that a Member is not complying withits obligations under Section 10.6(a), then the Managers shall have the right to put forth a proposal to the Members for approval by a Majority in Interests to redeem all of such Member Interests held by the Member and to cause them to be sold in the Third Party Sale to the Proposed Purchaser.

  • Notwithstanding such limitations, the actions described in Section 6.2 (iv, ix, xxii, xxiii, xv, xxii, and xxiii) above, shall require the approval of a Majority in Interests.

  • The Managers, in its sole discretion, may complete any withdrawals or distributions as of a date after the cause of any such suspension has ceased to exist to be specified by the Managers, in its sole discretion subject to the approval of such withdrawal request by a Majority in Interests.


More Definitions of Majority in Interests

Majority in Interests means Member Interests representing more than fifty (50%) percent of the total Member Interests issued by the Company, provided that for as long as NGBV and KH each hold interest in the Company, any vote or consent requiring a “Majority in Interests” shall include both NGBV and KH. “Managers” the initial Managers of the Company shall be Rxxxxx Bench and Txxxx Xxxx, or any other Person or Persons who succeed them in such capacity to serve as a Manager. Rxxxxx Bench shall be referred to as the “NBGV Designee” and Txxxx Xxxx shall be referred to as the “KH Designee”.
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Majority in Interests means Interests representing more than fifty-one (51%) percent of the total Interests in a Class.
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Majority in Interests means, subject to Section 14.2(a)(iii), Sharing Ratios aggregating greater than 50% of all the Sharing Ratios of the Members whose Representatives are entitled to vote on a particular Management Committee matter.
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Related to Majority in Interests

  • Majority in Interest As to any Class of Regular Certificates, the Holders of Certificates of such Class evidencing, in the aggregate, at least 51% of the Percentage Interests evidenced by all Certificates of such Class.

  • Majority Interest means one or more Members who in the aggregate hold more than 50% of all Membership Shares.

  • Requisite Holders means at any time holders of Warrant Shares and Warrants representing at least a majority of the Warrant Shares outstanding or issuable upon the exercise of all the outstanding Warrants.

  • Majority (as defined in the 0000 Xxx) of the Fund's outstanding voting securities, provided that in either event the continuance is also approved by a majority of the Board of Directors who are not "interested persons" (as defined in said Act) of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. This Agreement is terminable, without penalty, on 60 days' written notice, by the Board of Directors of the Fund or by vote of holders of a majority of the Fund's shares, or upon 90 days' written notice, by the Adviser. This Agreement will also terminate automatically in the event of its assignment (as defined in said Act).

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.7

  • Majority Holders means at any time Holders representing a majority of the Registrable Securities.

  • absolute majority , of the Committee, means a majority of the committee members currently holding office and entitled to vote at the time (as distinct from a majority of committee members present at a committee meeting);

  • Majority Vote means a vote made by more than half of the Members who are present at a Meeting and who are entitled to vote and voting at that Meeting upon a resolution put to that Meeting.

  • 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.

  • Supermajority With respect to any Class of Notes, the Holders of at least 66-2/3% of the Aggregate Outstanding Amount of the Notes of such Class.

  • Unit Majority means (i) during the Subordination Period, at least a majority of the Outstanding Common Units (excluding Common Units owned by the General Partner and its Affiliates), voting as a class, and at least a majority of the Outstanding Subordinated Units, voting as a class, and (ii) after the end of the Subordination Period, at least a majority of the Outstanding Common Units.