Requisite Members definition

Requisite Members means the Members (which may include the Manager) holding at least seventy-five percent (75%) of the Common Units then outstanding.
Requisite Members means the holders of a majority of the Common Units then issued and outstanding, voting together as a separate class.
Requisite Members means the holders of (i) two thirds (66.66%) of the issued and outstanding Company Interests voting together as a single class, (ii) a majority of the issued and outstanding Class A Company Interests voting as a separate class and (iii) a majority of the issued and outstanding Class B Company Interests voting as a separate class.

Examples of Requisite Members in a sentence

  • This Agreement may be amended or modified in writing by the Manager, subject to the prior written consent of the Requisite Members.

  • Any provision of this Agreement may be amended or waived by the written consent of the Requisite Members.

  • Except when the Approval of the Members (or the Requisite Members) is expressly required by the Act, the Certificate of Formation or this Agreement, the Board shall have full, complete and exclusive authority, power, and discretion to manage and control the business, property and affairs of the Company, to make all decisions regarding those matters and to perform any and all other acts or activities customary or incident to the management of the Company’s business, property and affairs.

  • The initial President shall serve for a one-year term commencing on the date of execution hereof unless the Requisite Members agree otherwise.

  • The affirmative vote or consent of the Requisite Members are the only votes or consents of the holders of any class or series of Company Interests necessary to adopt or approve this Agreement, the Merger, the Company Ancillary Agreements, the other transactions contemplated hereby and thereby (such vote or consent, the “Member Approval”).


More Definitions of Requisite Members

Requisite Members means, the Carrier Deciding Member and the Watsco Deciding Member; provided, that if (i) the Percentage Interest owned by the Carrier Holders, in the aggregate, ceases to be at least ten percent (10%), Requisite Members shall be deemed to be the Watsco Deciding Member, and (ii) the Percentage Interest owned by the Watsco Holders, in the aggregate, ceases to be at least ten percent (10%), Requisite Members shall be deemed to be the Carrier Deciding Member.
Requisite Members has the meaning set forth in Section 1.11(c).
Requisite Members means Members who, in the aggregate, own at least 2/3 of of the Class B Units.
Requisite Members means a Majority in Interest of the Common Members.
Requisite Members means holders of a majority of the Class A Units.
Requisite Members means Members holding at least sixty-six and two-thirds percent (66 2/3%) of the then issued and outstanding Units.
Requisite Members meanss the Designated Members holding, collectively, at least a majority (greater than 50%) of the Membership Percentage Interest held by all of the Designated Members.