Supermajority definition

Supermajority. With respect to any Class of Notes, the Holders of at least 66-2/3% of the Aggregate Outstanding Amount of the Notes of such Class.

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Supermajority. With respect to any Class of Debt, the Holders of at least 66-2/3% of the Aggregate Outstanding Amount of the Debt of such Class.

Supermajority means at least two-thirds (66 2/3%) of those Trustees or Shares, as applicable, entitled to vote; and

Examples of Supermajority in a sentence

• The Collateral Trustee shall make the determinations required by Section 5.5(a)(i) at the written request of a Supermajority of the Controlling Class at any time during which the second sentence of Section 5.5(a) applies; provided that, any such request made more frequently than once in any 90-day period shall be at the expense of such requesting party or parties.

• This Agreement may be terminated and the Portfolio Manager may be removed by the Issuer for cause upon 30 Business Days’ written notice to the Portfolio Manager and the Collateral Trustee with the affirmative vote of the Holders of a Supermajority of all Debt Outstanding voting collectively; provided, however, that in determining whether the Holders of the requisite percentage of Debt have given such vote, any Debt that constitutes Manager Debt shall be disregarded and deemed not to be Outstanding.

More Definitions of Supermajority

Supermajority means a combination of Lenders representing an aggregate of more than 66-2/3% of the aggregate Commitments of the Lenders then in effect; provided that, if there are two or more unaffiliated Lenders party to this Agreement as of the applicable date of determination, then at least two such Lenders shall be required to constitute a Supermajority; provided further that the Commitment of, and the portion of any outstanding Advances, as applicable, held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of a Supermajority.

Supermajority means not less than 60% of the members of the district board.

Supermajority means 2/3 of the quorum present.

Supermajority with respect to any Class of Securities, the holders of at least 66-2/3% of the Aggregate Outstanding Amount of such Class of Securities.

Supermajority shall have the meaning specified in Section 2.6(b)(ii).

Supermajority means an affirmative vote of two thirds or more.

Supermajority means the approval or vote of the holders owning at least eighty-five percent (85%) of the Company’s issued and outstanding Membership Units at any given time.