Special Approval means approval by a majority of the members of the Conflicts Committee.
Special Approval means approval by a majority of the members of the Conflicts Committee acting in good faith.
Special Approval means approval by a majority of the members of the Audit Committee.
Examples of Special Approval in a sentence
The purpose of this clause is to flag for the drafter those issues that may require Special Approval.
Consider whether it would be appropriate to require Special Approval in connection with any the resolution.
The Board of Directors is not required in connection with any conflict of interest to seek Special Approval of such resolution, course of action or transaction and may determine not to do so in its sole discretion.
More Definitions of Special Approval
Special Approval has the meaning assigned to such term in the MLP Agreement.
Special Approval is defined in the Partnership Agreement.
Special Approval means approval by a majority of the members of the Conflicts Committee or, if the Conflicts Committee has only one member, the sole member of the Conflicts Committee.
Special Approval means approval by the Audit Committee.
Special Approval means either (a) approval by a majority of the members of the Conflicts Committee or, if there is only one member of the Conflicts Committee, approval by the sole member of the Conflicts Committee, or (b) approval by the vote of the Record Holders representing a majority of the voting power of the Voting Units (excluding Voting Units owned by the General Partner and its Affiliates).
Special Approval means, with respect to any transaction, activity, arrangement or circumstance, that (i) it has been specifically approved by a majority of the members of the Conflicts Committee, or (ii) it complies with any rules or guidelines established by the Conflicts Committee with respect to categories of transactions, activities, arrangements or circumstances that are deemed approved by the Conflicts Committee.
Special Approval means approval by a majority of the members of the Conflicts Committee, provided that at the time of such approval all of the material facts known to the General Partner or any of its Affiliates regarding the proposed transaction in respect of which such approval is given were fully disclosed to or otherwise known by the Conflicts Committee.