Supermajority Approval definition

Supermajority Approval has the meaning set forth in Section 4.10.

Supermajority Approval means with respect to any matter that must be approved by the Stockholders pursuant to this Agreement: (a) the affirmative vote of Stockholders holding at least 60% of the issued and outstanding voting Shares; or (b) the written consent of the Stockholders holding at least 60% of the issued and outstanding voting Shares.

Supermajority Approval means, when used with respect to the Board, 75.0% approval by the Directors (calculated by reference to the Equity Percentage Interest of the Members that appointed the Directors); and, when used with respect to the Members, 75.0% approval by the Members (calculated by reference to the Equity Percentage Interest of such Members).

Examples of Supermajority Approval in a sentence

• The restriction set forth in Section 7.1 shall continue with respect to each Share following any Transfer thereof; provided, that such restriction shall terminate on the first to occur of an Approved Sale resulting in the Unilever Group ceasing to hold any Shares or Notes or a Public Offering in respect of which Unilever’s consent, including by way of the Supermajority Approval, has been obtained.

• Changes to the Assessment formula require Supermajority Approval of the Governing Board.

• Any borrowing of funds exceeding $250,000 shall require Supermajority Approval of the Board.

• Upon dissolution of the Company and subject to the provisions of Section 7.5 hereof, the Members, or, if none, a liquidator elected by Supermajority Approval, shall liquidate the assets of the Company, apply and distribute the proceeds thereof under Article VI, and cause the termination of the Agreement.

• All officers shall be elected for two (2)-year terms by the Board, acting by Supermajority Approval, at any duly convened meeting of the Board.

More Definitions of Supermajority Approval

Supermajority Approval means approval of individuals or entities holding at least two-thirds (2/3) of the Company’s issued and outstanding Voting Interests.

Supermajority Approval means, the affirmative vote of, or written consent signed by, members of the Board of Directors holding at least 80% of the number of votes of the Directors.

Supermajority Approval means approval by action of at least a majority of all of the members of the Board of Directors which shall include not less than one less than all of the Directors whom the Parties then have the right to nominate pursuant to Section 3.2.

Supermajority Approval means the written consent or approval of greater than sixty six (66%) percent of the Board of Managers.

Supermajority Approval means approval by action of at least a majority of all of the members of the Board of Directors which shall include not less than one less than all of the Directors whom the Parties then have the right to nominate pursuant to Section 3.2.; provided, however, with respect to the approval of the issuance of Common Stock by the Company in a primary underwritten offering by the Company of Common Stock within four months after the Effective Time resulting in gross proceeds of not less than $90 million, Supermajority Approval shall mean approval by action of at least a majority of all of the members of the Board of Directors which shall include not less than all of the Directors whom the ERI Parties and the WELLC Parties then have the right to nominate pursuant to Section 3.2

Supermajority Approval means with respect to any matter that must be approved by the Board (a) the affirmative vote at a meeting of the Board of the entire Board or (b) the unanimous written consent of the entire Board in lieu of a meeting.

Supermajority Approval means with respect to any matter that must be approved by the Board (a) the affirmative vote at a meeting of the Board of at least 66% of the entire Board or