Approval by the Members definition

Approval by the Members or similar phrases means the unanimous approval of the Members, excluding, with respect to any matter as to which a Capital Defaulting Member has no approval rights pursuant to Section 3.4, such Capital Defaulting Member.
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Approval by the Members approved by the Members," or when any other language is used herein indicating that a particular matter, decision, or determination requires the consent, approval or other joint action of the Members, the same shall mean that the matter in question must be approved in writing by an affirmative vote of more than fifty percent (50%) of the issued and outstanding Class A Units; provided that for purposes of Section 6.3 the same shall mean that the matter in question must be approved in writing by an affirmative vote of more than sixty-six and two thirds percent (66-2/3%) of the issued and outstanding Class A Units. Each Member shall be entitled to cast one vote for each Class A Unit owned by said Member.
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Examples of Approval by the Members in a sentence

  • The Company shall be dissolved and terminated only in the event of an Approval by the Members to dissolve the Company or upon the occurrence of any dissolution event specified in the DLLCA; provided that, notwithstanding the foregoing, the Company shall not dissolve upon the occurrence of any of the events described in Section 18- 801(a)(4) of the DLLCA (including without limitation, the death or bankruptcy of the Member).

  • The Company shall be dissolved and terminated only in the event of an Approval by the Members to dissolve the Company or upon the occurrence of any dissolution event specified in the DLLCA; provided that, notwithstanding the foregoing, the Company shall not dissolve upon the occurrence of any of the events described in Section 18- 801(a)(4) of the DLLCA (including without limitation, the death or bankruptcy of a Member).

  • Copies of each such return shall be furnished for review and Approval by the Members prior to filing.

  • The Company shall be dissolved and terminated only in the event of an Approval by the Members to dissolve the Company or upon the occurrence of any dissolution event specified in the DLLCA; provided that, notwithstanding the foregoing, the Company shall not dissolve upon the occurrence of any of the events described in Section 18-801(a)(4) of the DLLCA (including without limitation, the death or bankruptcy of the Member).

  • Paragraph 22.5 of the Operating Agreement provides that the Operating Agreement may be amended with the Approval by the Members holding a Majority Interest; provided, however, no amendment may be made that would constitute “Unfair Discrimination”, as defined in Paragraph 22.5, against an Equity Owner, without such Equity Owner.

  • For the avoidance of doubt, any Member may propose any decision to be made by and on behalf of the Company for Approval by the Members in accordance with, and subject to the limitations set forth in, this Agreement.

  • In connection with any vote or Approval by the Members or group thereof, any Units held by Assignees shall be ignored in computing the minimum vote required in order to constitute the requisite Approval or consent.

  • Voting on the Plan of Reorganization does not require you to purchase stock in the Offering.MALVERN FEDERAL SAVINGS BANK_________________PROXY STATEMENT_________________SPECIAL MEETING OF MEMBERSTO BE HELD ON ______________ ___, 2004The Board of Directors of Malvern Federal Savings Bank and the Office of Thrift Supervision Have Approved the Plan of Reorganization, Subject to its Approval by the Members and the Satisfaction of Certain Other Conditions.

  • Except as specifically provided to the contrary in this Agreement, the affirmative vote or written consent of each Member entitled to vote in respect of any matter submitted to a vote of, or for Approval by, the Members shall be deemed "approved by" or the "approval of" the Members in respect of such matter.

  • Approval by Sole Member of Merger Sub; Approval by the Members of the Company.

Related to Approval by the Members

  • Approved by the members , for a mutual savings bank, means approved by a majority of all votes cast at a duly held regular meeting or special meeting.

  • Majority in Interest of the Members means Members whose Percentage Interests aggregate to greater than fifty percent of the Percentage Interests of all Members.

  • Major Decision means:

  • Initiating Member has the meaning set forth in Section 7.5.

  • Panel Member ’ means a member of a panel;

  • Approval or Approved means approval in writing including subsequent written confirmation of previous verbal approval.

  • Additional Members means those Members, if any, admitted to the Company after the Effective Date.

  • Major Decisions shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement; provided that at any time that Note A-1 is not included in the Lead Securitization, “Major Decision” shall mean:

  • Interested Member means any person (other than the Company and any direct or indirect majority-owned subsidiary of the Company) that:

  • General Member means a member subject to the provisions of

  • Substituted Member means a Person that is admitted as a Member to the Company pursuant to Section 12.01.

  • Majority in Interest of the Partners means Partners holding in the aggregate Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all Partners entitled to Consent to or withhold Consent from a proposed action.

  • Initial Members means those Persons whose names are set forth in the first sentence of this Agreement. A reference to an “Initial Member” means any of the Initial Members.

  • Majority Participating Holders means Participating Holders holding more than 50% of the Registrable Securities proposed to be included in any offering of Registrable Securities by such Participating Holders pursuant to Section 2.1 or Section 2.2.

  • Unanimous Consent Consent of Revolving Credit Lenders (other than Delinquent Revolving Credit Lenders) holding 100% of the Loan Commitments (other than Loan Commitments held by a Delinquent Revolving Credit Lender).

  • Class C Member means a Member holding the Class C Ordinary Share.

  • Majority Members means Members holding a majority of the Units owned by all Members or if there is only one Member, such Member.

  • Related member means a person that, with respect to the taxpayer during all or any portion of the taxable year, is either a related entity, a component member as defined in section 1563(b) of the Internal Revenue Code, or a person to or from whom there is attribution of stock ownership in accordance with section 1563(e) of the Internal Revenue Code except, for purposes of determining whether a person is a related member under this division, "twenty per cent" shall be substituted for "5 percent" wherever "5 percent" appears in section 1563(e) of the Internal Revenue Code.

  • Class A Members means those Members who have purchased Class A Interests.

  • of a Member means the salary corresponding in any given year to a full-time appointment at the member's rank and step, as set out for that year in Schedule A.

  • Disposing Member is defined in Section 4.1.

  • Potential Member means an individual who meets the eligibility requirements to enroll in the Oregon Health Plan but has not yet enrolled with a specific PHP or CCO.

  • New Members As Defined By the Public Employees’ Pension Reform Act of 2013 (PEPRA)