Majority of Class A Members definition

Majority of Class A Members means one or more Members whose aggregate Class A Percentage Interests are greater than fifty percent (50%).
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Majority of Class A Members means Class A Members collectively holding at least 50.1% of the then outstanding Class A Units.
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Examples of Majority of Class A Members in a sentence

  • The appointment of a replacement Managing Member (due to removal or resignation) shall require (a) the consent of the Required Voting Percentage or (b) in the case of a removal of the Managing Member pursuant to Section 9.02(b), the Majority of Class A Members.

  • If a Member's term as the Managing Member ends (i) at the expiration of the Initial Term or Successor Initial Term because the Initial Term or Successor Initial Term is not automatically extended to an Additional Term or (ii) at the end of any Additional Term because such Additional Term is not automatically extended to a subsequent Additional Term, then a Majority of Class A Members shall select the replacement Managing Member who may not be such Member or an Affiliate thereof.

  • The Managing Member shall be removed from its capacity as Managing Member upon the affirmative vote of the Required Voting Percentage or upon a vote of the Majority of Class A Members pursuant to Section 9.02(b).

  • From and after the occurrence of a Special Event, the Class A Members upon a decision of the Majority of Class A Members may give written notice of the Special Event to the Company and the Class B Member.

  • Following any such additional term, the Managing Member's term automatically shall be extended for successive additional terms of two (2) years each (any additional term, whether following the Initial Term, a Successor Initial Term or an additional term, being an "Additional Term") unless written notice of termination of the Managing Member is given to all the other Members at least six months prior to the end of the then existing Additional Term by the Managing Member or a Majority of Class A Members.

  • The Majority of Class A Members may initiate the dispute resolution procedures of Section 11.03 to resolve any item or procedure which is in dispute, and the conclusion of such dispute resolution procedures shall apply for all subsequent periods to any substantially similar item or procedure.

  • Upon any Change of Member Control of the Class B Member, the Class B Member shall cause to be delivered to the Class A Members a valid and enforceable replacement or substitute of the Sponsor Guaranty (or other credit support from a Person that meets the requirements set forth in clauses (x) and (y) of Section 3.03(b)(iii)(F)), in substantially the same form as the original Sponsor Guaranty and from an entity reasonably satisfactory to the Majority of Class A Members.

  • Any vacancy in the office of the Manager shall be filled by vote of the Majority of Class A Members.

Related to Majority of Class A Members

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

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

  • Class A Member means a Member holding one or more Class A Ordinary Shares.

  • Voting Members has the meaning set forth in Section 4.07(b).

  • Class B Members means the Members holding Class B Units.