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, 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.
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Requisite Interest means the vote of the holders of at least a majority of the then outstanding Series B Preferred (including, for such purposes, any Conversion Shares into which any of the Series B Preferred have been converted that have not been sold to the public).
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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 Texas Act, by the Articles of Organization or by this Agreement.

  • 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.

  • In the event of any additional Capital Contributions, and in order to raise additional capital or to acquire assets, to redeem or retire Company debt or for any other purpose, the Company is authorized to issue Common Shares from time to time to Members or to other Persons, subject to the approval of the Requisite Interest.

  • This Agreement may not be amended, except in a written document signed by the Company and holders of a Requisite Interest.

  • Except for the prepayment provisions of any Note, which cannot be amended or waived without the written consent of the Investor holding such Note, this Agreement and the Notes may be amended and any provision hereof and thereof may be waived as to all Investors with the written consent of the Company and the holders of a Requisite Interest provided that such amendment or waiver applies to all Investors equally or proportionately based on the relative amounts due under each outstanding Note.

  • 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 vacancies on the Board of Directors resulting from the death, resignation, disqualification or removal of any Class B director, and any vacancies resulting from an increase in the number of Class B directors, may be filled by a majority of the remaining Class B directors, though less than a quorum, or by the Holders of a Requisite Interest.

  • 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.

  • Subject to Section 7.4 and the last sentence of Section 7.2, the Board may, upon receipt of Requisite Interest Approval Action, cause the Company to Distribute Net Cash Flow and Capital Proceeds at such times and in such amounts as the Board, upon receipt of Requisite Interest Approval Action, determines to be appropriate to the Members, pro rata in accordance with their respective ownership of Units.

  • For so long as at least the "Threshold Amount" (as defined below) of Series A Preferred is outstanding, the Holders of a Requisite Interest, voting as a separate class, shall be entitled to elect the Class B directors to the Board of Directors of the Corporation in accordance with the Corporation's Amended and Restated Articles of Incorporation (the "ARTICLES OF INCORPORATION").


More Definitions of Requisite Interest

Requisite Interest means unless the context otherwise requires, the holders of greater than [***] of the Percentage Interest of Members.
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Requisite Interest means the vote of the holders of at least a majority of the then outstanding Series A Preferred.
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Requisite Interest means one or more Limited Partners holding at least a majority of the total Percentage Interests of the Limited Partners.
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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.
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Related to Requisite Interest

  • Requisite Investors means the holders of a majority of the Registrable Securities then held by the Investors.

  • Note Interest for any Class of Notes and Payment Date means interest for the related Interest Period at the applicable Note Rate on the related Note Principal Balance as of the first day of the Interest Period (after giving effect to the distributions made on the first day of the Interest Period).

  • Certificate Interest means the allocable percentage interest of a Certificate held by a Certificateholder.

  • Requisite Amount has the meaning specified in the Spread Account Agreement.

  • Write-in vote means a vote cast for a person whose name is not printed on the

  • Accrued Class A Note Interest means, with respect to any Payment Date, the sum of the Class A Noteholders’ Monthly Accrued Interest for such Payment Date and the Class A Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Accrued Note Interest means, for a Class and a Payment Date, the sum of the Note Monthly Interest and the Note Interest Shortfall.

  • Base Interest means the interest that would otherwise accrue on the Securities under the terms thereof and the Indenture, without giving effect to the provisions of this Agreement.

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.

  • Accrued Class B Note Interest means, with respect to any Payment Date, the sum of the Class B Noteholders’ Monthly Accrued Interest for such Payment Date and the Class B Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Accrued Class D Note Interest means, with respect to any Payment Date, the sum of the Class D Noteholders’ Monthly Accrued Interest for such Payment Date and the Class D Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Accrued Certificate Interest With respect to each Distribution Date, as to any Class or Subclass of Certificates (other than any Principal Only Certificates), interest accrued during the related Interest Accrual Period at the related Pass-Through Rate on the Certificate Principal Balance or Notional Amount thereof immediately prior to such Distribution Date. Accrued Certificate Interest will be calculated on the basis of a 360-day year, consisting of twelve 30-day months. In each case Accrued Certificate Interest on any Class or Subclass of Certificates will be reduced by the amount of:

  • Accrued Class C Note Interest means, with respect to any Payment Date, the sum of the Class C Noteholders’ Monthly Accrued Interest for such Payment Date and the Class C Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Certificate Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the sum of (i) the Certificate Monthly Interest Distributable Amount and (ii) any outstanding Certificate Interest Carryover Shortfall for the preceding Payment Date, over (y) the amount in respect of interest on the Certificates that is actually paid as interest on the Certificates on such Payment Date, plus, to the extent permitted by applicable law, interest on the Certificate Interest Carryover Shortfall at the Certificate Rate for the Interest Accrual Period.

  • Legitimate Interest means the interest of our business in conducting and managing our business to enable us to give you the best service/product and the best and most secure experience. We make sure we consider and balance any potential impact on you (both positive and negative) and your rights before we process your personal data for our legitimate interests. We do not use your personal data for activities where our interests are overridden by the impact on you (unless we have your consent or are otherwise required or permitted to by law). You can obtain further information about how we assess our legitimate interests against any potential impact on you in respect of specific activities by contacting us.

  • Note Interest Carryover Shortfall means, with respect to any Payment Date and a Class of Notes, the excess, if any, of (x) the sum of (i) the Note Monthly Interest Distributable Amount for such Class for the preceding Payment Date and (ii) any outstanding Note Interest Carryover Shortfall for such Class on such preceding Payment Date, over (y) the amount of interest that is actually paid on the Notes on such preceding Payment Date, plus, to the extent permitted by law, interest on the Note Interest Carryover Shortfall at the related Interest Rate for the related Interest Accrual Period.

  • Certificate Interest Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Interest Distributable Amount for such Payment Date and the Certificate Interest Carryover Shortfall for such Payment Date.

  • Private interest means an interest held by an individual that is:

  • Class A Note Interest Shortfall means, for any distribution date, the excess of: • the Class A Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class A noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the interest rate applicable for each related class of notes from that preceding distribution date to the current distribution date.

  • Certificate Interest Rate With respect to each Class of Certificates and any Distribution Date, the applicable per annum rate set forth or described in the Preliminary Statement hereto.

  • Class A-1 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, the product of (A) the actual number of days elapsed during the period from and including the preceding Distribution Date to but excluding such Distribution Date divided by 360, (B) the Class A-1 Rate and (C) the outstanding principal balance of the Class A-1 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-1 Notes on or before such preceding Distribution Date).

  • Note Interest Distributable Amount means, with respect to any Payment Date and a Class of Notes, the sum of the Note Monthly Interest Distributable Amount for such Payment Date and the Note Interest Carryover Shortfall for such Class of Notes. For all purposes of this Agreement and the other Basic Documents, interest with respect to the Class A-2, Class A-3 and Class A-4 Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months; and interest with respect to the Class A-1 Notes shall be computed on the basis of the actual number of days in each applicable Interest Accrual Period, divided by 360.

  • Class D Interest Carryover Shortfall With respect to any Distribution Date, as of the close of business on such Distribution Date, the excess of (i) the Aggregate Class D Interest Distributable Amount for such Distribution Date over (ii) the amount that was actually deposited in the Note Distribution Account on such Distribution Date in respect of interest for the Class D Notes.

  • Class A Interest Accrual Amount As to any Distribution Date, the sum of the Interest Accrual Amounts for the Class A Certificates with respect to such Distribution Date.

  • Collateral Monthly Interest means the monthly interest distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.06(c).