Relevant Majority definition

Relevant Majority means the Lender Majority and the Future Fund for so long as it holds any Loan and/or shares in the capital of the Company;
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Relevant Majority means, collectively, (i) (x) the holders holding at least forty percent (40%) of the then outstanding Preferred Shares, or (y) in the event that JD holds forty percent (40%) or more of the then outstanding Preferred Shares, fifty percent (50%) of the then outstanding Preferred Shares, in each case voting together as a single class and on an as-converted basis, and (ii) the Principal for so long as the Principal holds any Shares.
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Relevant Majority means a simple majority of the voting Members or, if required by the Constitution, a higher majority.
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Examples of Relevant Majority in a sentence

  • The majority requirement for the Proposal was 50% of the issued share capital of the Company (a “Relevant Majority”) and the Proposal was carried out as soon as votes supporting the Proposal was cast by a Relevant Majority.

  • On January 13, 2022, with reference to the Company’s announcement on December 29, 2021 regarding the Proposal, the Company announced that the Proposal has been carried by a Relevant Majority.

  • II-5-9 5.7 Implementation Structure...............................................................................................

  • There is no sharp disconti- nuity around late April when the bulk of harvesting begins; but this likely reflects that some farmers start harvesting earlier and others later, and that other forms of economic activity already begin to take place in the run-up to the harvest.

  • This matter is a matter in respect of which the approval of shareholders of the Company in general meeting is required in terms of the Companies Act, and accordingly AF Pref shall be entitled to vote on this resolution, and the Special Majority / Relevant Majority shall be calculated by including the number of shares held by AF Pref.

  • None of the Founders, the Founder HoldCos and/or their Permitted Transferees shall, without the Relevant Majority Approval, directly or indirectly, sell, assign, transfer, exchange, pledge, hypothecate, mortgage, encumber or otherwise dispose of through one or a series of transactions (“Transfer”) any Equity Securities or any securities in any Group Company beneficially owned by him.

  • For the avoidance of doubt, in each case where the Relevant Unanimous Lenders or the Relevant Majority Lenders are required to make a determination, no Lender is required to vote in the same way in respect of all of its Commitments.

  • The Company has agreed to allot and issue such number of Conversion Shares to Perfect Sky in accordance with the terms set out in the Supplemental Standing Conversion Notice simultaneously upon the allotment and issue of any Shares or share capital pursuant to any of the Events so that Perfect Sky’s beneficial shareholding interest in the Company remains at not less than the Relevant Majority Percentage from time to time during the Relevant Period.

  • None of the Founders, the Founder HoldCos and/or their Permitted Transferees shall, without the Relevant Majority Approval, directly or indirectly, sell, assign, transfer, exchange, pledge, hypothecate, mortgage, encumber or otherwise dispose of through one or a series of transactions (“ Transfer”) any Equity Securities or any securities in any Group Company beneficially owned by him.

  • The Company shall pay to each holder of Redemption Shares in full the Redemption Price on the Redemption Date, provided that the Relevant Majority Approval is received.


More Definitions of Relevant Majority

Relevant Majority has the meaning given in Clause 12.2;
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Relevant Majority has the meaning set forth in Section 4.8(b) hereof.
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Related to Relevant Majority

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

  • absolute majority , of the Committee, means a majority of the committee members currently holding office and entitled to vote at the time (as distinct from a majority of committee members present at a committee meeting);

  • Super Majority has the meaning set forth in paragraph 5(b) of Annex I.

  • Unit Majority means (i) during the Subordination Period, at least a majority of the Outstanding Common Units (excluding Common Units owned by the General Partner and its Affiliates), voting as a class, and at least a majority of the Outstanding Subordinated Units, voting as a class, and (ii) after the end of the Subordination Period, at least a majority of the Outstanding Common Units.

  • special majority means the majority of votes described in §11.2 which is required to pass a special resolution. Act and Interpretation Act Definitions Applicable

  • Requisite Majority means, as at any particular time, Passenger Operators whose Vehicle departures from the Station, expressed as a percentage of Total Departures, as at the relevant date, together are at least equal to the percentage specified in paragraph 4 of Annex 8 (or such other percentage as the ORR may specify by notice to the Station Facility Owner and to each Passenger Operator as the new percentage which is to apply for these purposes following the entry into, variation, amendment or termination of an access contract permitting a passenger service operator to use the Station, a Change in Control of any Passenger Operator or any event which results in a material change to the proportion of the Total Departures made by trains operated by or on behalf of any Passenger Operator);

  • 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.

  • Note Majority means a majority by principal amount of the Noteholders.

  • Investor Majority means [the holders of at least [ ] per cent of Series A Shares from time to time] [Note: amend as appropriate];

  • 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.

  • 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.

  • Majority (as defined in the 0000 Xxx) of the Fund's outstanding voting securities, provided that in either event the continuance is also approved by a majority of the Board of Directors who are not "interested persons" (as defined in said Act) of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. This Agreement is terminable, without penalty, on 60 days' written notice, by the Board of Directors of the Fund or by vote of holders of a majority of the Fund's shares, or upon 90 days' written notice, by the Adviser. This Agreement will also terminate automatically in the event of its assignment (as defined in said Act).

  • Age of majority means the age when the procedural safeguards and other rights afforded to the parent or parents of a student with a disability transfer to the student. In Virginia, the age of majority is 18.

  • Super-Majority Banks means at any time Banks having at least 85% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing at least 85% of the aggregate unpaid principal amount of the Loans.

  • Supermajority Vote means the affirmative vote of at least seventy-five percent (75%) of the Members.

  • Super Majority Lenders means at any time a Lender or group of Lenders whose Commitments aggregate more than 80% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 80% of the Total Commitments immediately prior to that reduction).

  • Majority Shareholder Vote means a vote of “a majority of the outstanding voting securities” (as such term is defined in the 0000 Xxx) of the Trust with each class and series of Shares voting together as a single class, except to the extent otherwise required by the 1940 Act or this Declaration with respect to any one or more classes or series of Shares, in which case the applicable proportion of such classes or series of Shares voting as a separate class or series, as the case may be, also will be required.

  • Majority Shareholders means Sxx Xxxxxx, Sxxxx Xxxxx, Mxxxxxx Xxxxx and Gxxxx XxXxxxxx.

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

  • Supermajority means, 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.

  • Majority Noteholders means the Holders of a majority by principal amount of the most senior then outstanding class of Notes.

  • Majority Owner has the correlative meaning.

  • 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.

  • Majority Stockholders means any Stockholder or combination of Stockholders who at the date of this Agreement own shares of Company Common Stock representing more than two-thirds of the total number of shares of Company Common Stock outstanding at the date of this Agreement.