Special Majority of the Board definition

Special Majority of the Board means a majority of the Board which includes at least one BSI Representative and one DCC GP Co Representative;
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Examples of Special Majority of the Board in a sentence

  • Other than as provided in Article 10.6, By-laws may be made, varied or revoked by resolution of the Board passed with not less than an Absolute Special Majority of the Board.

  • The Stockholder Agreement requires that the Annual Operating Plans and the Strategic Plans be approved by a Special Majority of the Board of Directors.

  • Other than as provided in Rule 15.2, By-Laws may be made, varied or revoked by resolution of the Board passed with not less than an Absolute Special Majority of the Board.

  • This Agreement may not be amended, terminated or rescinded except in a writing signed by all the parties hereto; provided, that no amendment or other modification to this Agreement made prior to the Effective Time shall be valid or binding unless agreed to by all parties hereto and also consented to by Bancorp; and provided further that any amendment or modification to this Agreement agreed to on behalf of the Company shall be approved by a Special Majority of the Board of Directors.

  • Other than as provided in Article 10.6, By-Laws may be made, varied or revoked by resolution of the Board passed with not less than an Absolute Special Majority of the Board.

  • In the absence of both the President and the Vice President or for other good reason (as determined by the Board), the Directors by a Special Majority of the Board present and voting may elect a Chairman from amongst their number or appoint an independent Person to chair the meeting.

  • The Board may, by Special Majority of the Board present and voting, resolve to expel a Member upon being satisfied that such Member has engaged in conduct detrimental to the interests of the Society and/or in breach of this Constitution, any Member's Code of Conduct, by-laws or policies applicable to Members, provided always that the principles of natural justice shall be observed in the consideration of any proposal to expel a Member.

  • No resolution amending or rescinding a previous resolution passed by the Board within the preceding six (6) months shall be effective unless it is carried by a Special Majority of the Board present and voting.

  • Notwithstanding the foregoing or any other provision in this Agreement to the contrary, any provision in this Agreement requiring or permitting any action, determination or decision to be taken or made by a Special Majority of the Board of Directors shall terminate on December 31, 2002, after which any such action, determination or decision may be taken or made by a simple majority of the Board of Directors.

  • Under the Stockholder Agreement, for so long as the HLR Group Interest (as defined below) is at least 30%, a significant number of types of major corporate actions cannot be taken without the approval of a Special Majority of the Board of Directors (which is defined in the Stockholder Agreement as a majority of the entire Board of Directors that includes a majority of the HLR Directors and at least one independent director).

Related to Special Majority of the Board

  • special majority means the majority of votes described in §11.2 which is required to pass a special resolution. Act and Interpretation Act Definitions Applicable

  • 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);

  • Super Majority Vote means, the affirmative vote of the holders of Outstanding Interests of all Series representing at least two thirds of the total votes that may be cast by all such Outstanding Interests, voting together as a single class.

  • Member of the Board means an individual who is a member of the Board or of the board of directors of a Subsidiary or an Affiliate.

  • Company Board of Directors means the board of directors of the Company.

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.7

  • Majority Vote means a vote made by more than half of the Members who are present at a Meeting and who are entitled to vote and voting at that Meeting upon a resolution put to that Meeting.

  • majority of the outstanding shares means the lesser of (a) sixty-seven percent (67%) or more of the shares present at a meeting if more than fifty percent (50%) of these shares are present or represented by proxy, or (b) more than fifty percent (50%) of the outstanding shares.

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • Supermajority Vote means the affirmative vote of at least seventy-five percent (75%) of the Members.

  • absolute majority , of the Committee, means a majority of the committee members currently holding office and entitled to vote at the time (as distinct from a majority of committee members present at a committee meeting);

  • Super Majority has the meaning set forth in paragraph 5(b) of Annex I.

  • Note Majority means a majority by principal amount of the Noteholders.

  • The Board of Directors or "Board" means all those persons appointed to perform the duties of directors of the society;

  • CPF Board means the Central Provident Fund Board, a body corporate established under the Central Provident Fund Act (Cap. 36);

  • Board of Directors means the board of directors of the Company.

  • Single Series Extraordinary Resolution means a resolution passed at a meeting of Noteholders duly convened and held in accordance with the procedures prescribed by the Issuer and the Fiscal Agent pursuant to Condition 14(a) (Convening Meetings of Noteholders; Conduct of Meetings of Noteholders; Written Resolutions) by a majority of:

  • majority of the outstanding voting securities shall have the meaning set forth for such terms in the 1940 Act.

  • Chairman of the Board means the Chairman of the Board of the Corporation.

  • Majority of Holders Holders holding over 50% of the aggregate principal amount of Notes outstanding; provided that, for the purpose of this Agreement, a holder of shares of Common Stock which constitute Transfer Restricted Securities shall be deemed to hold an aggregate principal amount of the Notes (in addition to the principal amount of the Notes held by such holder) equal to the quotient of (x) the number of such shares of Common Stock held by such holder and (y) the conversion rate in effect at the time of their issuance upon conversion of the Notes as determined in accordance with the Indenture.

  • Super Majority Banks means at any time Banks having at least 85% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing at least 85% of the aggregate unpaid principal amount of the Loans.

  • Age of majority means the age when the procedural safeguards and other rights afforded to the parent or parents of a student with a disability transfer to the student. In Virginia, the age of majority is 18.

  • Special Committee means a committee of the Board of Managers of the Company comprised of two individuals, each of whom qualifies as an Independent Manager.

  • Board means the Board of Directors of the Company.

  • Simple Majority means a decision made by the Management Committee by more than 50 percent of the votes represented and entitled to be cast at a meeting thereof.

  • Local board means the local board of social services representing one or more counties or cities.