Majority of the Managers definition

Majority of the Managers means (i) at least four of the Managers if there are then six Managers, (ii) at least three of the Managers if there are then five or four Managers, (iii) at least two of the Managers if there are then three Managers, and (ii) both of the Managers if there are then only two Managers.
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Majority of the Managers shall be required for all decisions of the Company consistent with the terms and procedures of Article VII below, except those decisions that require a unanimous decision as explicitly provided for herein. Notwithstanding the foregoing, C▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇ Enterprises, LLC shall retain a veto right over all Manager decisions.
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Majority of the Managers means a number of Managers constituting more than 50% of the number of Managers of the entire Board, as such latter number may be adjusted from time to time pursuant to Section 3.2(a) hereof, without taking into account any vacancies thereon.
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Examples of Majority of the Managers in a sentence

  • At all meetings of the Managers, the presence of a Majority of the Managers shall be necessary and sufficient to constitute a quorum for the transaction of business unless a greater number is required by law.

  • Said assignee, however, shall not become a Manager without the consent of a Majority of the Managers and a Majority-In-Interest.

  • A Majority of the Managers may pay state and local income taxes attributable to operations of the Company and treat such taxes as an expense of the Company.

  • Provided that proper and adequate notice has been provided as required by the first sentence of this Section 6.02(b), the presence of at least a Majority of the Managers (or their respective alternates) shall be required to constitute a quorum for the transaction of any business by the Management Committee.

  • Meetings of Managers may be held at such time and place either within or outside the State of Texas as shall from time to time be determined by a Majority of the Managers provided notice is given to all the Managers.

  • Upon dissolution of the Company, a Majority of the Managers shall appoint in writing one or more liquidators who shall have full authority to wind up the affairs of the Company and make final distribution as provided herein.

  • Unless a Majority of the Managers determines that the Company should use another method, the Company shall use the cash method of accounting.

  • All actions of the Management Committee shall require the affirmative vote of at least a Majority of the Managers.

  • To the extent such excess exists, a Majority of the Managers may make Distributions to the Members in proportion to each Member's Membership Units in the Company as of the date of such Distribution.

  • At all meetings of the Managers, the presence of all the Managers for the actions requiring unanimity and for all other actions, a Majority of the Managers, shall be necessary and sufficient to constitute a quorum for the transaction of business unless a greater number is required by law.


More Definitions of Majority of the Managers

Majority of the Managers means a combination of Managers constituting more than 50% of the number of Managers then in office.
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Majority of the Managers means more than half of the Managers.
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Majority of the Managers means the affirmative vote of a majority of the Managers then serving, excluding for such purposes any Manager that is directly affected by such matter (except as otherwise expressly set forth in this Agreement).
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Related to Majority of the Managers

  • 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.

  • majority of the outstanding shares means the lesser of (a) sixty-seven percent (67%) or more of the shares present at a meeting if more than fifty percent (50%) of these shares are present or represented by proxy, or (b) more than fifty percent (50%) of the outstanding shares.

  • majority of the outstanding voting securities shall have the meaning set forth for such terms in the 1940 Act.

  • special majority means the majority of votes described in §11.2 which is required to pass a special resolution.

  • 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);