Super Majority definition
Examples of Super Majority in a sentence
Economic Members of the Company acting by way of a Super Majority Vote may elect to remove the Managing Member at any time if the Managing Member is found by a non-appealable judgment of a court of competent jurisdiction to have committed fraud in connection with a Series or the Company and which has a material adverse effect the Company.
Managers may also be removed for any reason by a Super Majority Vote of the Board of Managers.
The President may be suspended or removed from office when the Board of Governors so decides by a Super Majority vote as provided in Article 28.
The Board of Governors, through an open, transparent and merit-based process, shall elect a president of the Bank by a Super Majority vote as provided in Article 28.
If a member fails to fulfill any of its obligations to the Bank, the Board of Governors may suspend such member by a Super Majority vote as provided in Article 28.