Examples of Supermajority in Interest in a sentence
Thereafter, the term of the Company may be extended by the Company for successive one-year periods, in each case with the vote or consent of a Supermajority in Interest of the Common Unitholders.
The Commitment Period shall be re-instated, and the restrictions set forth in clauses (A) and (B) above shall be rescinded, upon the vote or written consent of a Supermajority in Interest of the Common Unitholders.
If there is an even number of Managers and the Managers are deadlocked as to any action to be taken or determination or decision to be made by the Managers, then such action, determination or decision shall be decided by the Members based on the approval of a Supermajority in Interest of the Members.
For purposes of this Section 8.12 except in connection with determining a Supermajority in Interest of the Members, the term “Member” shall also include a Unit Holder.
A Flood Resilience Grant is established to provide targeted support for businesses in Town Centres who were severely impacted by the significant flooding caused as a result of Storm Dennis.