Majority Members definition

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

Majority Members means the Manager together with Members (other than the Manager and its controlled Affiliates) holding a majority of the Voting Units (excluding Voting Units held by the Manager) then outstanding.

Majority Members means the Members (which may include the Managing Member) holding a majority of the Voting Units then outstanding; provided that, if as of any date of determination, a majority of the Voting Units are then held by the Managing Member or any Affiliates controlled by the Managing Member, then “Majority Members” shall mean the Managing Member together with Members (other than the Managing Member and its controlled Affiliates) holding a majority of the Voting Units (excluding Voting Units held by the Managing Member and its controlled Affiliates) then outstanding.

Examples of Majority Members in a sentence

• Unless stated somewhere else in this Agreement, the decisions related to management, operations, and controlling the line of business of the Company, the Company’s other affairs, and the procedures adopted in this Agreement will be made by and with the affirmative vote or consent of Members that hold the Majority Members percentage interests of the Company.

• Upon resignation, the Organizer or the Members holding a majority of the outstanding equity interests of the Fund ("Majority Members") may appoint a successor Manager.

• The provisions of this Section 5.1(d) may not be amended or waived without the written Consent of the Majority Members.

• In the event of any conflict between the Organizer and the Majority Members, the Organizer will control.

• The Minority Members agree that they shall vote or cause a vote to be made (as Members of the Company) in favor of any such Company action as may be necessary or convenient for the taking of such action to approve the transactions contemplated under this Section and will, upon request from the Majority Members, provide to the Majority Members an irrevocable proxy to vote the Minority Members’ Units.

More Definitions of Majority Members

Majority Members has the meaning set forth in Section 6.01.

Majority Members means the Members holding a majority of the Voting Units then outstanding other than Voting Units held by the Manager or any of its Affiliates.

Majority Members means the members (which may include PubCo) holding not less than a majority of the Units then outstanding; provided, that if as of any date of determination, a majority of the Units are held by PubCo or any Affiliate controlled by PubCo, the “Majority Members” shall mean PubCo together with the Members holding at least a majority of the then outstanding Units not held by PubCo or its controlled Affiliates.

Majority Members means PubCo together with the Members holding at least a majority of the Units (excluding Units held by PubCo or its controlled Affiliates) then outstanding.

Majority Members means the Members (which, for the avoidance of doubt, may include the entity that is also the Manager in its capacity as a Member) holding a majority of the Voting Units then outstanding; provided that, if as of any date of determination, a majority of the Voting Units are then held by the Member that is also the Manager or any of its controlled Affiliates, then “Majority Members” shall mean the Member that is also the Manager together with the other Members (other than the Member that is also the Manager and its controlled Affiliates) holding a majority of the Voting Units (excluding Voting Units held by the Member that is also the Manager and its controlled Affiliates) then outstanding.

Majority Members means those Members holding more than 50% of the Membership Percentages and more than 50% of the Capital Account balances of the Members.

Majority Members means Members having Percentage Interests aggregating more than 50% of the aggregate Percentage Interests in the Company.