Requisite Majority definition

Requisite Majority means, as at any particular time, Passenger Operators whose Vehicle departures from the Station, expressed as a percentage of Total Departures, as at the relevant date, together are at least equal to the percentage specified in paragraph 4 of Annex 8 (or such other percentage as the ORR may specify by notice to the Station Facility Owner and to each Passenger Operator as the new percentage which is to apply for these purposes following the entry into, variation, amendment or termination of an access contract permitting a passenger service operator to use the Station, a Change in Control of any Passenger Operator or any event which results in a material change to the proportion of the Total Departures made by trains operated by or on behalf of any Passenger Operator);

Requisite Majority means, at any time, the affirmative vote of a majority of the Continuing Directors then in office.

Requisite Majority means, as applicable, (a) at least 66-2/3% of the First Lien Notes Obligations; or (b) at least 66-23% of the Second Lien Notes Obligations.

Examples of Requisite Majority in a sentence

• Any modifications, amendments, supplements or waivers to the Charge Documents shall require the consent of the Company, the Charge Agent and the Requisite Majority of each Series of Notes secured thereby voting separately.

• Notwithstanding anything herein to the contrary, the consent for any release of the Note Floating Charge with respect to a Series of Notes or any modification, amendment, supplement or waiver to such Series or to the Charge Documents with respect to such Series, in each case in connection with such consent, requires the consent of the Requisite Majority of such Series of Notes voting separately.

• Each of the Indenture Trustee and the holders of the Notes are express third party beneficiaries of this Agreement, and, as such, the Indenture Trustee or the Requisite Majority acting on behalf of the holders of the Notes (subject to the terms and conditions of the Indenture) shall have full power and authority to enforce the provisions of this Agreement against the parties hereto.

• The undersigned parties, collectively representing the Requisite Majority, hereby waive on behalf of themselves and all other Investors, Common Holders and Lenders, all registration rights with respect to the Public Offering, including, without limitation, the registration rights provided in Section 3.2 of the Rights Agreement, and any related notice rights.

• This Agreement may be amended by the Sellers and the Purchaser only with the prior written consent of the Indenture Trustee (acting at the written direction of the Requisite Majority).

More Definitions of Requisite Majority

Requisite Majority means the votes required to obtain the Company Shareholder Approval and the Company Preferred Shareholder Approval.

Requisite Majority means, at any time, the affirmative vote of a majority of the directors then in office."

Requisite Majority means the holders of a majority of the outstanding shares of Series 2006 Preferred Stock and Series 2007 Preferred Stock voting together as a single class.

Requisite Majority means Holders of Equipment Notes that, individually or in the aggregate, own more than fifty percent (50%) of the then Outstanding Principal Balance of the Senior Class of Equipment Notes (other than Equipment Notes held by Trinity or its Affiliates) for as long as such Class of Equipment Notes remain outstanding.

Requisite Majority means the approval or vote of the holders owning at least a majority of the Company’s issued and outstanding Membership Units at any given time.

Requisite Majority means at least fifty-one per cent of the pooled property owners voting in person or by proxy vote or by postal vote; and

Requisite Majority means, as at any particular time, Passenger Operators whose Vehicle departures from the Station, expressed as a percentage of Total Departures, as at the