Requisite Interest definition

Requisite Interest means the Members holding more than 50% of the issued and outstanding Common Shares held by Members at any given time.

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Requisite Interest means the vote of the holders of at least a majority of the then outstanding Series A Preferred (including, for such purposes, any Conversion Shares into which any of the Series A Preferred have been converted that have not been sold to the public).

Requisite Interest means, as the case may be, the (i) Members holding more than 50% of the issued and outstanding Shares of a particular class held by Members at any given time or (ii) Members holding more than the percentage of a class of outstanding Shares held by Members at any given time specified in the instrument defining the rights of such class of Shares and, in either case, entitled to vote on the matter being considered.

Examples of Requisite Interest in a sentence

If a quorum is present, the affirmative vote of the Requisite Interest on the subject matter shall be the act of the Members, unless the vote of a greater or lesser proportion or number is otherwise required by the Delaware Act, by the Certificate of Formation or by this Agreement.
This Agreement may not be amended, except in a written document signed by the Company and holders of a Requisite Interest.
Subject to Section 4.06 and any other provision of this Agreement or the Delaware Act requiring the vote, consent, or approval of a different Percentage Interest of the Partners, no action may be taken by the Partners at any meeting at which a quorum is present without the affirmative vote of a Requisite Interest.
In addition, on the Payment Date with respect to which such disbursement of Carrying Charges was made, and following such disbursement and the distribution thereof pursuant to the Series [_____] Pooling and Servicing Agreement, the Collateral Agent shall release to the Trust Depositor, free and clear of the Lien and security interest established hereunder, an amount equal to the excess (if any) of the Interest Reserve Amount at such time over the Requisite Interest Reserve Amount for such Payment Date.
Any specific reference to approval or action by a Requisite Interest shall not imply that other references to approval or action by the Investor or holders of Series B Preferred (or Conversion Shares) requires each holder's approval or action, unless a higher or lower approval is so specifically stated in such specific reference.
A quorum of any meeting of the Partners shall require the presence in person or by proxy of a Requisite Interest.
If an Event of Withdrawal occurs, a Requisite Interest shall designate a successor Partnership Representative and Designated Individual.
If a Requisite Interest fails to agree in writing to continue the business of the Partnership and to the appointment of a successor General Partner within ninety (90) days after the Event of Withdrawal, the Partnership shall be dissolved and wound up pursuant to ARTICLE XI.
Following an Event of Withdrawal regarding the General Partner, a Requisite Interest may agree in writing within ninety (90) days following the date of such event to continue the business of the Partnership and to the appointment of a successor General Partner.
The General Partner, or if an Event of Withdrawal regarding the General Partner caused the dissolution of the Partnership, such other Person who may be appointed by a Requisite Interest shall act as liquidator to wind up the Partnership (the “Liquidator”).

More Definitions of Requisite Interest

Requisite Interest means one or more Limited Partners holding at least a majority of the total Percentage Interests of the Limited Partners.

Requisite Interest means, unless the context otherwise requires, equal to or greater than 66.66% of the total outstanding Shares held by all Stockholders, voting as a single class.

Requisite Interest means unless the context otherwise requires, the holders of greater than [***] of the Percentage Interest of Members.

Requisite Interest means the vote of the holders of at least a majority of the then outstanding Series A Preferred.