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);

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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 Company Shareholder Approval and the Company Preferred Shareholder Approval.

Examples of Requisite Majority in a sentence

• If a successor Indenture Trustee and Securities Intermediary shall not have been appointed and accepted its appointment hereunder within sixty (60) days after the Indenture Trustee gives notice of resignation or is removed, the retiring or removed Indenture Trustee, the Issuer, the Administrator, the Servicer or the Requisite Majority may petition any court of competent jurisdiction for the appointment of a successor Indenture Trustee and Securities Intermediary.

• In the event that the Issuer shall fail to maintain insurance as herein provided, the Indenture Trustee shall, if directed in writing by the Requisite Majority, upon prior written notice to the Issuer and paid for out of funds in the Collections Account, obtain such insurance.

• Any successor Indenture Trustee and Securities Intermediary so appointed by such court shall immediately and without further act be superseded by any successor Indenture Trustee and Securities Intermediary appointed by the Requisite Majority as provided in the first sentence of this paragraph within one (1) year from the date of the appointment by such court.

• Each of the Indenture Trustee and by its acceptance of the Notes, the Noteholders, hereby agrees that, if the Indenture Trustee shall fail to act in accordance with Direction by the Requisite Majority (with respect to the Notes as a whole) at any time at which it is so required to act hereunder or under any other Operative Agreement, then the Requisite Majority shall be entitled to take such action directly in its own capacity or on behalf of the Indenture Trustee.

• No delay or omission by the Indenture Trustee (or the Control Parties or the Requisite Majority), a Hedge Provider, a Liquidity Facility Provider or any other Secured Party, if applicable, in the exercise of any such right, remedy or power or in the pursuance of any such remedy shall impair any such right, power or remedy or be construed to be a waiver of any Default on the part of the Issuer or to be an acquiescence.

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 thereof.

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.