Super Majority in Interest definition

Super Majority in Interest means one or more Members which hold, in the aggregate, in excess of seventy five percent (75%) of the aggregate of all Percentage Interests held by Members.
Super Majority in Interest means Members owning Membership Interests with Percentage Interests aggregating at least 662/3%.
Super Majority in Interest means, with respect to any agreement or vote of Investor Partners, Investor Partners whose combined Interests, at the time of the determination thereof, exceed 66% of the total Interests held by Investor Partners who are eligible to participate in such agreement or vote.

Examples of Super Majority in Interest in a sentence

  • Section 5.4 of the LPA provides that, absent “for cause” removal, “a General Partner may not be removed unless there is at least one remaining General Partner.”49 And Section 5.3 provides that the addition of a new general partner requires the consent of the existing general partner(s) and the consent of a Super Majority in Interest of the Limited Partners.

  • Such appointment shall continue until revoked in writing by a Super Majority in Interest, at which time a Super Majority in Interest shall appoint a new the Agent.

  • If agreed to by a Super Majority in Interest of the Members, each Member (and Assignee) shall, upon the written request of the Managers, make additional Capital Contributions to the Company equal to the total amount of additional Capital Contributions required times such Member’s (or Assignee’s) then Percentage Interest.

  • No change or amendment shall be made to this Agreement, unless approved by a Super Majority in Interest of the Board, as defined in the Holding Charter, and except by an instrument in writing signed on behalf of each of the parties to such agreement.

  • A Super Majority in Interest of the Managers may expel any Member of the Company, provided that the Company exercises its right to purchase.


More Definitions of Super Majority in Interest

Super Majority in Interest means, with respect to the period from the date of this Agreement through the Borrowing Termination Date, at least two thirds (2/3) of each Class of Lenders.
Super Majority in Interest means, at any time of determination, the Secure Parties holding 67% of then-outstanding principal amount of Notes.
Super Majority in Interest means those Members owning Membership Interests that represent more than 75% of the aggregate percentage interests in the Company.
Super Majority in Interest means, with respect to any referenced group of Members, a combination of any of such Members who, in the aggregate, own two-thirds (2/3) or more of the Membership Interests owned by all of such referenced group of Members.
Super Majority in Interest has the meaning specified in Section -------------------------- III.3.
Super Majority in Interest means one or more Members whose aggregate Participation Percentage
Super Majority in Interest means that number of Unitholders who in the aggregate hold more than sixty-seven percent (67%) of the Percentage Interests held by those Unitholders entitled to consent or to vote upon the applicable action or matter pursuant to the terms of this Agreement.