Supermajority Consent definition

Supermajority Consent shall have the meaning set forth in the CorpBanca Colombia Shareholders Agreement.

Supermajority Consent means the consent of (i) Corp Group Parent, so long as Corp Group Parent owns at least 13% On An Adjusted Basis of the Bank Shares; and (ii) Itaú Parent.

Supermajority Consent means the affirmative consent of at least four-fifths (4/5) of the members constituting the whole Liquidating Trust Board, given at a meeting called for that purpose or by written consent in lieu of a meeting in accordance with this Liquidating Trust Agreement; provided that, for purposes of the removal of a member of the Liquidating Trust Board in accordance with Section 6.2 hereof, Supermajority Consent means the affirmative consent of all of the members of the Liquidating Trust Board not including the Specified Liquidating Trustee; provided, further that in the event the Liquidating Trust Board is at any time comprised of less than five members, any act otherwise requiring Supermajority Consent shall require only Majority Consent.

Examples of Supermajority Consent in a sentence

• The remuneration and other terms of appointment of any Independent Managers shall be Board Supermajority Consent Matters.

• Until the Series A Redemption Date, the Initial Managers may not be removed by the Members except for Cause or a Series A Supermajority Consent.

• Notwithstanding anything to the contrary herein (but subject to the initial proviso to the preceding sentence), the Supermajority Consent shall not be required in order for the Company to eliminate Piggyback Registration rights with respect to any particular offering that is solely a primary offering or to amend or alter the priorities set forth in Sections 2(c) or (d) hereof.

• Holders of Securities who tender their Securities pursuant to the Offer will be deemed, as a condition to a valid tender, to have given their consent to certain proposed amendments to the Indenture as described in the Prospectus; -------------------------------------- /1/ Bracketed language will be included in this supplemental indenture only if a Supermajority Consent is obtained by WorldCom in connection with the Offer and the Exchange.

• The CEO Manager shall serve for a term consistent with his or her term as CEO, unless he or she resigns, dies or is removed from his or her position as a Manager by the Cleco Holdings Board, acting by Board Supermajority Consent, before his or her term expires.

More Definitions of Supermajority Consent

Supermajority Consent means the affirmative consent of at least four-fifths (4/5) of the members constituting the whole Liquidating Trust Board, given at a meeting called for that purpose or by written consent in lieu of a meeting in accordance with

Supermajority Consent means the affirmative consent of at least four-fifths (4/5) of the members constituting the whole Liquidating Trust Board, given at a meeting called for that purpose or by written consent in lieu of a meeting in accordance with this Liquidating Trust Agreement; provided that, for purposes of the removal of a member of

Supermajority Consent means an affirmative decision evidenced in writing of the Person or Persons holding 80% of the outstanding Shares held by Shareholders party to the Agreement. “Tag-Along Notice of Election” shall have the meaning set forth in Section 5.2(a). “Tag-Along Right” shall have the meaning set forth in Section 5.2(a). “Tag-Along Period” shall have the meaning set forth in Section 5.2(a). “Threshold Percentage” means, as of any specified date, an amount, specified as a percentage, obtained by dividing 100 by the number of members constituting the Board of Directors on such date. “Unallocated Share” shall have the meaning set forth in Section 4.2. ARTICLE II

Supermajority Consent means, with respect to any action or decision for which such vote is required with respect to a particular group of Members, the affirmative vote of Members in such group possessing over sixty-five percent (65%) of the Membership Shares of all Members comprising such group. Without limiting the foregoing the “Supermajority Consent of the Members” means the affirmative vote of members possessing over sixty-five percent (65%) of the Membership Shares held by all Members.

Supermajority Consent means, as of any applicable time of determination, the written consent of the Members (other than any Defaulting Member) holding at least ninety percent (90%) of the issued and outstanding Units held by all Members (other than any Defaulting Member).

Supermajority Consent means the affirmative vote or consent of: (1) the Majority Member and (2) the Initial Individual Members owning sixty percent (60%) of the Units owned by all Initial Individual Members at the time of such vote or consent.

Supermajority Consent means, (a) as to the Members, the affirmative vote of the Class A Members holding in excess of seventy five percent (75%) of the Units held by all Class A Members of the Company, and (b) as to the Directors, the affirmative vote of seventy five percent (75%) of the Directors of the Company.