Super Majority in Interest definition

Super Majority in Interest means one or more Members which hold, in the aggregate, in excess of seventy five percent (75%) of the aggregate of all Percentage Interests held by Members.
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Super Majority in Interest means Members owning Membership Interests with Percentage Interests aggregating at least 662/3%.
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Super Majority in Interest means, with respect to any agreement or vote of Investor Partners, Investor Partners whose combined Interests, at the time of the determination thereof, exceed 66% of the total Interests held by Investor Partners who are eligible to participate in such agreement or vote.
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Examples of Super Majority in Interest in a sentence

  • A Super Majority in Interest of the Managers may expel any Member of the Company, provided that the Company exercises its right to purchase.

  • Such appointment shall continue until revoked in writing by a Super Majority in Interest, at which time a Super Majority in Interest shall appoint a new the Agent.

  • The Company agrees to pay all out-of-pocket fees, costs and expenses incurred in connection with any filing required hereunder, including without limitation, any financing statements pursuant to the UCC, continuation statements, partial releases and/or termination statements related thereto or any expenses of any searches reasonably required by a Super Majority in Interest.

  • Upon each such sale, lease, assignment or other transfer of Collateral, the Agent, for the benefit of the Secured Parties, and upon the written direction of a Super Majority in Interest, may, unless prohibited by applicable law which cannot be waived, purchase all or any part of the Collateral being sold, free from and discharged of all trusts, claims, right of redemption and equities of the Company, which are hereby waived and released.

  • If agreed to by a Super Majority in Interest of the Members, each Member (and Assignee) shall, upon the written request of the Managers, make additional Capital Contributions to the Company equal to the total amount of additional Capital Contributions required times such Member’s (or Assignee’s) then Percentage Interest.


More Definitions of Super Majority in Interest

Super Majority in Interest means any Voting Member or group of Voting Members holding an aggregate of more than 70% of the Percentage Interests held by all Voting Members.
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Super Majority in Interest means, with respect to the period from the date of this Agreement through the Borrowing Termination Date, at least two thirds (2/3) of each Class of Lenders.
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Super Majority in Interest means, at any time of determination, the Secure Parties holding 67% of then-outstanding principal amount of Notes.
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Super Majority in Interest means, with respect to any referenced group of Members, a combination of any of such Members who, in the aggregate, own two-thirds (2/3) or more of the Membership Interests owned by all of such referenced group of Members.
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Super Majority in Interest has the meaning specified in Section -------------------------- III.
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Super Majority in Interest means those Members owning Membership Interests that represent more than 75% of the aggregate percentage interests in the Company.
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Super Majority in Interest means that number of Unitholders who in the aggregate hold more than sixty-seven percent (67%) of the Percentage Interests held by those Unitholders entitled to consent or to vote upon the applicable action or matter pursuant to the terms of this Agreement.
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