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 the votes required to obtain the Required Company Shareholder Approval.
Examples of Requisite Majority in a sentence
Each Preferred Share shall automatically be converted by way of redemption of such Preferred Shares and the issue of the fully paid Ordinary Shares at the applicable Conversion Price at the time in effect immediately upon the earlier of (i) the consummation of a Qualified IPO or (ii) the date, or the occurrence of an event, specified by vote or written consent or agreement of the Requisite Majority (voting as separate series, and on an as-converted basis).
More Definitions of Requisite Majority
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, as applicable, (a) at least 66-2/3% of the First Lien Notes Obligations; or
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 the Company Security Holders that collectively own Company Securities that represent at least a majority of the votes entitled to be cast by all Common Units and Preferred Units convertible into Common Units (calculated as a single class on an as-converted to Common Unit basis), which Company Security Holders must include, for so long as the Tier 1 Group Majority has the right to appoint and designate two Managers pursuant to Section 6.4(a)(i), the Tier 1 Group Majority.
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 all Series of Equipment Notes (other than Equipment Notes held by Trinity or its Affiliates).
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 the affirmative vote of Holders holding not less than a majority of the Designated Shares.