Voting Provision definition

Voting Provision means any provision of any Loan Document specifying the number or percentage of Lenders or portion of the Revolving Loans or Revolving Commitments required to amend, waive or otherwise modify any rights under any Loan Document or make any determination or grant any consent under any Loan Document.

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Examples of Voting Provision in a sentence

• If the Supermajority Voting Proposal receives a majority of the votes cast at the 2015 Annual Meeting with respect to such proposal, then, at the 2016 Annual Meeting, the Board shall present to the Company’s stockholders, and shall recommend that the Company’s stockholders vote in favor of, amendments to the Charter and the Bylaws to eliminate any Supermajority Voting Provision in the Charter and the Bylaws (collectively, with the 2016 Declassified Board Proposal, the “2016 Proposals”).

• Questions arising at any meeting shall be decided by a majority of the voting power entitled to be exercised in respect of the relevant meeting, and, pursuant to the terms set out in any Issuing Resolution, the relevant matters, subject to any Weighted Directors Voting Provision.