Relevant Majority definition

Relevant Majority means the Lender Majority and the Future Fund for so long as it holds any Loan and/or shares in the capital of the Company;
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Relevant Majority means, collectively, (i) (x) the holders holding at least forty percent (40%) of the then outstanding Preferred Shares, or (y) in the event that JD holds forty percent (40%) or more of the then outstanding Preferred Shares, fifty percent (50%) of the then outstanding Preferred Shares, in each case voting together as a single class and on an as-converted basis, and (ii) the Principal for so long as the Principal holds any Shares.
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Relevant Majority has the meaning set forth in Section 4.8(b) hereof.
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Examples of Relevant Majority in a sentence

  • Where, at any relevant time, the Instructing Party is the Relevant Lenders or the Relevant Majority Lenders, the instructions of the Relevant Lenders or the Relevant Majority Lenders (as the case may be) shall be provided to the Security Agent by the Facility Agent or the 2004 Facility Agent (as applicable) on their behalf.

  • A registration shall not count as one of the permitted Long-Form Registrations until it has become effective, and no Long-Form Registration shall count as one of the permitted Long-Form Registrations unless the Relevant Majority Holders requesting the Demand Registration are able to register and sell at least 90% of the Investor Registrable Securities requested to be included in such registration.

  • For the avoidance of doubt, in each case where the Relevant Unanimous Lenders or the Relevant Majority Lenders are required to make a determination, no Lender is required to vote in the same way in respect of all of its Commitments.

  • None of the Founders, the Founder HoldCos and/or their Permitted Transferees shall, without the Relevant Majority Approval, directly or indirectly, sell, assign, transfer, exchange, pledge, hypothecate, mortgage, encumber or otherwise dispose of through one or a series of transactions (“Transfer”) any Equity Securities or any securities in any Group Company beneficially owned by him.

  • Before an arbitrator has been appointed by a Relevant Finance Party to determine a Dispute, the Agent may (and, if so instructed by the Relevant Majority Lenders, shall) by notice in writing to the Borrower require that all Disputes or a specific Dispute be heard by a court of law.

  • Lender decisions For the avoidance of doubt, in each case where the Relevant Unanimous Lenders or the Relevant Majority Lenders are required to make a determination, no Lender is required to vote in the same way in respect of all of its Commitments.


More Definitions of Relevant Majority

Relevant Majority means a simple majority of the voting Members or, if required by the Constitution, a higher majority.
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Relevant Majority has the meaning given in Clause 12.2;
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Related to Relevant Majority

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.8

  • absolute majority means the number of Councillors which is greater than half the total number of the Councillors of a Council;

  • vote of a majority of the outstanding voting securities" shall mean the vote of the lesser of (a) 67 per centum or more of the shares of the Fund present or represented by proxy at the meeting if the holders of more than 50 per centum of the outstanding shares of the Fund are present or represented by proxy at the meeting, or (b) more than 50 per centum of the outstanding shares of the Fund.

  • Super Majority has the meaning set forth in Section 2.6(a)(ii).

  • 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.