Member Approval definition
Member Approval means the approval of the Class A Member.
Member Approval means written approval by Members whose rights under this Agreement are attributable to at least 50% of the Units outstanding (excluding any Units held by the Corporation) immediately after the Unit Purchase (as appropriately adjusted for any subsequent changes to the number of outstanding Units). For purposes of this definition, a Member’s rights under this Agreement shall be attributed to Units as of the time of a determination of Member Approval. For the avoidance of doubt, (i) an Exchanged Unit shall be attributed only to the Member entitled to receive Tax Benefit Payments with respect to such Exchanged Unit (i.e., the Member who Exchanged the Unit or the assignee of such Member’s rights hereunder) and (ii) an outstanding Unit that has not been Exchanged shall be attributed only to the Member (or, if applicable, the assignee of its rights hereunder) entitled to receive Tax Benefit Payments upon the Exchange of such Unit.
Member Approval means approval granted by Members by adopting the required Members' Resolution;
Examples of Member Approval in a sentence
The Member Approval is the only votes or consents of the holders of any class or series of Company Units necessary to adopt or approve this Agreement, the Mergers and the other matters set forth in the Written Consent, and, to the extent such approval is required, the Company Ancillary Agreements and the other transactions contemplated hereby and thereby.
More Definitions of Member Approval
Member Approval means approval of the Member.
Member Approval has the meaning set forth in Section 3.2(c)(i).
Member Approval means the approval and adoption of the Suntuity Merger, this Agreement and the Transactions by the requisite affirmative vote or written consent of the members of the Company in accordance with the RULLCA and the Organizational Documents.
Member Approval means, as to any matter requiring Member Approval hereunder, the approval or subsequent ratification by each Member.
Member Approval means the approval of the Members holding a majority of the then outstanding Membership Interests.
Member Approval means a Majority in Interest (as that term is defined in the GSRP LLC Agreement in effect as of the date of this Agreement) of the members of GSRP shall have approved or consented (which approval or consent may be obtained by a member’s failure to object in writing after fifteen (15) calendar days’ notice of the Agreement, or such other time period as may be provided for by agreement between GSRP and such member) to the consummation of the Internalization Transactions.
Member Approval means the approval of the Members holding more than 50% of the outstanding Membership Interests.