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

• A proposed amendment shall be effective upon its approval by a Company Majority Vote or a Majority Vote, as applicable, unless a greater percentage is required under this Agreement or by Delaware law.

• The Series Members, by a Majority Vote, may cause the Managing Member to consummate a sale of the Series Asset within the Voting Years designated for such Series.

• The Series Asset held by each Series may be sold prior to the Voting Years for such Series only if a compelling offer is received by the Managing Member and approved by a Majority Vote of the Series Members.

• If the Company is to survive, the Series Members by a Company Majority Vote shall appoint a successor Managing Member for the Company.

• In the event of a dissolution and liquidation of a Series, the Series Members by a Majority Vote shall appoint a Liquidator for the Series who shall proceed to sell the Series Asset under commercially reasonable terms, distribute the Net Sales Proceeds among the Class A and B Shares in accordance with their interests therein, and attend to the liquidation of the Series and its associated SP.

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 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 Members holding a majority (i.e., in excess of fifty percent (50%)) of the Voting Interests held by all Members.

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;