Requisite Member Approval definition

Requisite Member Approval means the approval of each Affiliated Member Group holding Interests with (i) an aggregate Percentage Interest equal to or exceeding ** or (ii) an **.

Requisite Member Approval means the approval of this Agreement by Members holding greater than 50% of the outstanding voting interests in the Company.

Requisite Member Approval means (a) Series A-1 Approval (but only if at the time in question the component of Series A-1 Approval is satisfied) and (b) Series A-2 Approval (but only if at the time in question the component of Series A-2 Approval is satisfied); provided, however, that, Requisite Member Approval does not require (i) any approval of any Series A-1 Member if, at the time in question, the component of Series A-1 Approval is not satisfied or (ii) any approval of any Series A-2 Member if, at the time in question, the component of Series A-2 Approval is not satisfied. Without limiting Section 8.4(d), during the Interim Period, any references to Requisite Member Approval shall be read consistently with Section 8.4(b).

Examples of Requisite Member Approval in a sentence

• If the Board with Requisite Member Approval determines to effect a Qualified Public Offering, each of the Members shall be granted customary registration rights, including piggyback registration rights, with respect to such Qualified Public Offering.

• This Agreement may be amended by the parties hereto by an instrument in writing signed on behalf of each of the parties hereto at any time before or after any approval hereof by members of the Company and MergerCo; provided, however, that after the Company obtains the Requisite Member Approval, no amendment shall be made that by law requires further approval by Members without obtaining such approval.

• Promptly following receipt of the Requisite Member Approval, the Company shall deliver a copy of such Written Consent to Parent.

• Managers may be entitled to receive such other fees or compensation for their services as Managers as are determined by the Board with Requisite Member Approval.

• The Company and its Subsidiaries may have such Officers as the Board in its discretion may appoint with Requisite Member Approval.

More Definitions of Requisite Member Approval

Requisite Member Approval has the meaning set forth in Section 3.02(a).

Requisite Member Approval means the approval of the sale of the Acquired Assets by the Seller to the Buyer as contemplated by this Agreement by a majority of the votes represented by the outstanding membership interests of the Seller entitled to vote thereon.

Requisite Member Approval means the approval of this Agreement and the Transactions, including the Merger, by the irrevocable affirmative written consent of the Requisite Members pursuant to the terms and in accordance with and satisfaction of the conditions of the Company’s Organizational Documents and applicable Law, in a form mutually agreed upon by the Company and the Parent.

Requisite Member Approval means the approval of the Members that hold a majority of the issued and outstanding Series B Units.

Requisite Member Approval means the affirmative vote of the holders of fifty and one-tenth percent (50.1%) of the Target Units.

Requisite Member Approval. Section 2.4 “Returns” Section 2.16(a)(i)

Requisite Member Approval means the affirmative vote of the sole holder of the Target Interests.