Special Approval definition
Special Approval means approval by a majority of the members of the Conflicts Committee.
Special Approval has the meaning assigned to such term in the MLP Agreement.
Special Approval is defined in the Partnership Agreement.
Examples of Special Approval in a sentence
Failure to seek Special Approval shall not be deemed to indicate that a conflict of interest exists for which Special Approval could not have been obtained.
The Board of Directors or the Manager shall be authorized but not required, in connection with the resolution or course of action taken with respect to such conflict of interest, to seek Special Approval or Member approval of such conflict of interest, and the Board of Directors or the Manager may also adopt a resolution or course of action that has not received Special Approval or Member approval.
More Definitions of Special Approval
Special Approval means approval by a majority of the members of the Audit Committee.
Special Approval means approval by a majority of the members of the Special 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 Independent Directors, which may include the approval of the Audit 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.