Supermajority in Interest of the Members definition

Supermajority in Interest of the Members means the Member or Members whose aggregate Percentage Interest in the Company exceeds *** For purposes of calculating a Supermajority in interest of the Members, any Units held by Unit Holders shall not be factored into the calculation.

Supermajority in Interest of the Members means the Member or Members holding in the aggregate ninety percent (90%) or more of the Participating Percentages held by the Members.

Supermajority in Interest of the Members has the meaning set forth in Section 2.9.

Examples of Supermajority in Interest of the Members in a sentence

• 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.

• No Member, without the approval of a Supermajority in Interest of the Members, shall file or cause to be filed any action in bankruptcy involving the Company.

• No Member shall pledge, charge, encumber, hypothecate, mortgage or grant any security interest in its/his Units (or any part thereof) or permit or suffer to exist any pledge, charge, encumbrance, hypothecation, mortgage or security interest to exist in, over or in respect of its/his Units (or any part thereof) without the prior written consent of a Supermajority in Interest of the Members.

• For purposes of this ARTICLE XI, except in connection with determining a Supermajority in Interest of the Members and except for purposes of Section 11.6, the term “Member” shall also include a Unit Holder.

• The OCC executed $1,026.5 million, or 97.1 percent, of theFY 2014 budget compared with $1,004.8 million, or98.2 percent, executed in FY 2013.

• Subject to the approval of a Supermajority in Interest of the Members, additional Persons may be admitted to the Company as Members, and Units (including without limitation, Units) may be created and issued to such Persons, as determined by the Management Committee, on such terms and conditions as the Management Committee may determine at the time of admission.

• For purposes of this ARTICLE XII, except in connection with determining a Supermajority in Interest of the Members and except for purposes of Sections 12.1(a), 12.1(d) - 12.1(i) and 12.3, the term “Member” for purposes of this ARTICLE XII shall include a Unit Holder.

• If Cause is determined to exist and any Affected Person responsible for any circumstance constituting Cause shall not have been replaced within said thirty (30) day period or the Manager shall not have compensated the Company for its losses, a Supermajority in Interest of the Members shall have the right to appoint, and thereafter to replace, the Manager.

More Definitions of Supermajority in Interest of the Members

Supermajority in Interest of the Members means Members (excluding the Manager in its capacity as a Member) entitled to vote on or consent to any matter holding more than seventy-two percent (72%) of all outstanding Common Units held by all Members (excluding the Manager in its capacity as a Member) entitled to vote on or consent to such matter.

Supermajority in Interest of the Members means, (a) at such times as the Paros All Seas Percentage Interest is at least 50% and each of Paros (together with its Permitted Transferees) and All Seas (together with its Permitted Transferees) holds Capital Percentage Interests representing at least 20% of the Paros All Seas Percentage Interest, the affirmative vote of both Paros and All Seas, (b) at such times as the Paros All Seas Percentage Interest is at least 50% but either of Paros (together with its Permitted Transferees) or All Seas (together with its Permitted Transferees) is an 80% Holder, the affirmative vote of such 80% Holder, and (c) at such times as the Paros All Seas Percentage Interest is less than 50%, the affirmative vote of a majority of the Members (without regard to such Members' Capital Percentage Interest or Percentage Interest) as of the date hereof who, as of the date determination, hold, together with their Permitted Transferees, a Capital Percentage Interest of at least 5% as of the date of determination; provided, that for purposes of this clause (c), the All Seas Members shall be considered a single Member and their Capital Percentage Interest shall be determined in the aggregate.

Supermajority in Interest of the Members means Members whose Percentage Interests represent more than 75% of the Percentage Interests of all Members.

Supermajority in Interest of the Members means one or more Members who own, collectively, at least seventy five percent (75%) or more of the Common Units held by all of the Members entitled to vote on or consent to the matter under consideration.