Majority Vote definition

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.

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Majority Vote means the approval of, or the affirmative vote by, Members holding a majority of the Units held by Members.

Majority Vote means the affirmative vote of Members holding (i) 67% or more of the voting power (determined in accordance with Section 3.3(i) hereof) present at any duly called meeting, if the holders of more than 50% of the outstanding voting power of the Company are present or represented by proxy; or (ii) more than 50% of the outstanding voting power of the Company, whichever is less; or such greater or lesser percentage vote as defined and currently in effect under the 1940 Act.

Examples of Majority Vote in a sentence

Net Cash from Operations, if any, for any fiscal year, will be distributed to the Members on not less than an annual basis in an amount sufficient to reduce the Company’s cumulative Net Cash from Operations to $200,000.00, unless otherwise determined by a Super Majority Vote of the Board of Managers and provided that any such distribution does not violate or cause the Company to default under the terms of any of the Company’s credit facilities or debt instruments or violate Section 9.10 of this Agreement.
Provided that the Members do not elect or are not given the opportunity to fill any vacancy in accordance with Section 6.3, any vacancy occurring in the Board of Managers (other than by reason of an increase in the number of Managers) may be filled by appointment through the Super Majority Vote of the Board of Managers (not counting for any purpose the vote of the Manager to be removed).
Managers may be removed for any reason with: (i) the consent of the Members in accordance with Section 4.2(b) or (ii) the Super Majority Vote of the Board of Managers (not counting for any purpose the vote of the Manager to be removed).
Emergency meetings of the Board may be held at the offices of the Company (or such other place as shall be agreed by Majority Vote) upon not less than one (1) Business Day’s telephone notice specifying in reasonable detail the nature of such emergency (to be confirmed by written facsimile or email notice) by any director, the chief executive officer of the Company or the Secretary.
Special meetings of the Board, to be held at the offices of the Company (or such other place as shall be agreed by Majority Vote), shall be called at the direction of the chief executive officer of the Company or one or more directors, upon not less than three (3) Business Days’ notice given by the chief executive officer of the Company or the Secretary (which officers shall give such notice if properly directed to do as aforesaid).

More Definitions of Majority Vote

Majority Vote. With respect to Members, the vote or written consent of Members holding a majority of the Ownership Percentages held by all such Members entitled to vote on or consent to the issue in question.

Majority Vote. – shall mean a vote where over half of the Members present, and eligible to vote, vote in the same manner.

Majority Vote means the vote or written consent of Members holding a majority (i.e., in excess of fifty percent (50%)) of the Voting Interests held by all Members.

Majority Vote means the affirmative vote of a majority of the Board of Directors, including the affirmative vote of a majority of the Independent Directors.

Majority Vote means the affirmative vote of at least a majority of all of the members of the Operating Committee or any Subcommittee, as applicable, authorized to cast a vote with respect to a matter presented for a vote (whether or not such a member is present at any meeting at which a vote is taken) by the Operating Committee or any Subcommittee, as applicable (excluding, for the avoidance of doubt, any member of the Operating Committee or any Subcommittee, as applicable, that is recused or subject to a vote to recuse from such matter pursuant to Section 4.3(d)).

Majority Vote means the vote or written consent of holders of outstanding shares of Preferred Stock, voting as a separate class on an as-converted basis, representing a majority of the aggregate Accumulated Amount on all outstanding shares of Preferred Stock.

Majority Vote means an affirmative vote of more than one half of the Members present and voting;