Super Majority definition

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

Super Majority has the meaning set forth in Section 2.6(a)(ii).

Super Majority has the meaning specified in Section 2.6(a)(ii).

Examples of Super Majority in a sentence

• The removal of the manager as manager of our company and all series must be approved by a Super Majority Vote, that is, an affirmative vote of holders of interests of all series representing at least two thirds of the total votes that may be cast by all outstanding interests, voting together as a single class.

• 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.

• This Agreement may be amended only by a resolution of the Board of Governors approved by a Super Majority vote as provided in Article 28.

• The Bank may terminate its operations by a resolution of the Board of Governors approved by a Super Majority vote as provided in Article 28.

• Any such decision on the allocation of the Bank’s net income to other purposes shall be taken by a Super Majority vote as provided in Article 28.

More Definitions of Super Majority

Super Majority has the meaning set forth in Section 2.6(a)(ii) of this Declaration.

Super Majority has the meaning specified in Section 2.06(a)(ii).

Super Majority has the meaning set forth in Section 2.6(a)(ii). "10% in liquidation amount of the Securities" means, except as provided in the terms of the Preferred Securities set forth in Annex I hereto or by the Trust Indenture Act, Holder(s) of outstanding Securities voting together as a single class or, as the context may require, Holders of outstanding Preferred Securities or Holders of outstanding Common Securities voting separately as a class, who are the record owners of 10% or more of the aggregate liquidation amount of all outstanding Securities of the relevant class.

Super Majority means two-thirds of the total votes that may be cast in the election of Directors by holders of all Outstanding Voting Shares.

Super Majority means a majority of at least three-fifths of the registered voters of a taxing district approving a proposition au- thorizing a levy, at which election the number of persons voting "yes" on the proposition constitutes three-fifths of a number equal to forty percent of the total votes cast in the taxing district in the last preceding general election; or by a majority of at least three-fifths of the registered voters of the taxing district voting on the proposi- tion when the number of registered voters voting on the proposition exceeds forty percent of the total votes cast in the taxing district in the last preceding general election.

Super Majority has the meaning set forth in Section 2.6(a)(ii). "10% in liquidation amount" with respect to either the Common Securities or the Trust Preferred Securities means, except as provided elsewhere in this Agreement or by the Trust Indenture Act, 10% or more of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus any accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all such outstanding Common Securities or Trust Preferred Securities.

Super Majority has the meaning set forth in Section 2.06(a)(ii) of this Trust Agreement.