Supermajority of the Board definition

Supermajority of the Board means a majority of the members of the Board, which must include both (i) a majority of the Class A Directors and (ii) a majority of the Class B Directors.
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Supermajority of the Board means the affirmative vote of not less than seventy-five percent (75%) of the then-sitting directors, with any fraction rounded up. By way of illustration, Supermajority of the Board shall mean, at such time as the Board (as defined below) is composed of eight (8) directors, the affirmative vote of not less than six (6) directors and, at such time as the Board is composed of nine (9) directors, the affirmative vote of not less than seven (7) directors.
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Supermajority of the Board means the prior vote or written consent of at least sixty- six and two thirds percent (66.67%) of the Managers.
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Examples of Supermajority of the Board in a sentence

  • Unless a Supermajority of the Board of Directors votes against continuation, the Corporation shall continue for another year.

  • This Agreement may be terminated, and the Board dissolved, upon the vote of a Supermajority of the Board using Weighted Voting.

  • For purposes of these Bylaws, if Affiliates of a Member obtain membership, for voting purposes, collectively they shall have no more than one (1) vote, unless a Supermajority of the Board of Directors votes otherwise.

  • Notwithstanding anything contained in this Certificate of Incorporation to the contrary, the Corporation shall not take any of the actions set forth in the various subparts of this Section (A) of Article V, and the Corporation shall take whatever action is necessary to prevent its subsidiaries from taking any such action, without the affirmative vote, or written approval, of at least a Supermajority of the Board.

  • Any such expenditure must first be approved by a Supermajority of the Board of Directors at a regularly scheduled meeting of the same.

  • In the event of the death, resignation, Disability or termination of the Chief Executive Officer or President of Station, as applicable, his successor shall be nominated by the other Named Executive Officer and approved in good faith by the consent of a Supermajority of the Board of Directors, which approval shall not be unreasonably withheld.

  • ANY USE OF THIS DOCUMENT SHALL BE MADE ENTIRELY AT THE USER'S OWN RISK, AND NEITHER IDEA, NOR ANY OF ITS MEMBERS OR CONTRIBUTORS, SHALL HAVE ANY LIABILITY WHATSOEVER TO ANY USER OR THIRD PARTY FOR ANY DAMAGES OF ANY NATURE WHATSOEVER, DIRECTLY OR INDIRECTLY, ARISING FROM THE USE OF THIS DOCUMENT." 3.3 IDEA shall make available all Specifications, Work Product, and Reference Implementations under a non-viral open source license, as determined by a Supermajority of the Board of Directors.

  • Subject to Section 3.2 and Section 7.10, any Person acceptable to a Supermajority of the Board may become an additional Member of the Company for such consideration as the Board shall determine, provided that such additional Member complies with all the requirements of a transferee under Section 9.3(b), (c) and (d).

  • During such period of time as any action of the Board of Directors could require approval by a Supermajority of the Board of Directors pursuant to the terms of this Agreement, the presence, in person or by proxy, of at least one Named Executive Director and one Sponsor Director shall constitute a quorum for the transaction of business.

  • Users may terminate their license at anytime upon providing the District with a thirty (30) day written notice.5) Fees are due in full at license signing.


More Definitions of Supermajority of the Board

Supermajority of the Board means a majority of the Board of Directors of the Company consisting of at least one Romo Designee and at least one FPSH Designee.
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Supermajority of the Board means a number of Directors -------------------------- constituting not less than 75% of the number of Directors of the entire Board of Directors as provided in Section 3.1, regardless of whether there are any vacancies therein.
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Supermajority of the Board means a majority of the members of the board of directors of the Company which must include at least one (1) GPP Director and; so long as a Material Underperformance Event has not occurred, at least one (1) Orgenesis Director.
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Related to Supermajority of the Board

  • 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.

  • Supermajority Lenders means, at any time, Lenders having Credit Exposure and unused Commitments representing at least 66 2/3% of the sum of the total Credit Exposure and unused Commitments at such time.

  • Majority Vote means a vote made by more than half of the Members who are present at a Meeting and who are entitled to vote and voting at that Meeting upon a resolution put to that Meeting.

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.7

  • Super Majority Vote means, the affirmative vote of the holders of Outstanding Interests of all Series representing at least two thirds of the total votes that may be cast by all such Outstanding Interests, voting together as a single class.

  • Single Series Extraordinary Resolution means a resolution passed at a meeting of Noteholders duly convened and held in accordance with the procedures prescribed by the Issuer and the Fiscal Agent pursuant to Condition 14(a) (Convening Meetings of Noteholders; Conduct of Meetings of Noteholders; Written Resolutions) by a majority of:

  • The Board of Directors or "Board" means all those persons appointed to perform the duties of directors of the society;

  • Simple Majority means a decision made by the Management Committee by more than 50 percent of the votes represented and entitled to be cast at a meeting thereof.

  • Super Majority Lenders means a Lender or Lenders whose Revolving Facility Commitments aggregate more than eighty five per cent. (85%) of the Total Facility Commitments (or, if the Total Facility Commitments have been reduced to zero, aggregated more than eighty five per cent. (85%) of the Total Facility Commitments immediately prior to that reduction).

  • Requisite Approval means the affirmative vote of the holders of (a) at least a majority of the outstanding shares of Company Capital Stock, voting together as a single class and (b) at least a majority of the outstanding shares of Series A-1 Preferred Stock, Series B Preferred Stock and Series C Preferred Stock, voting together as a single class on an as-converted basis.

  • Parent Board means the board of directors of Parent.

  • Whole Board means the total number of authorized directors whether or not there exist any vacancies in previously authorized directorships.