Sentence examples for allows a majority of from inspiring English sources
The directive could be challenged by the "yellow card" system in the Lisbon treaty, which allows a majority of member states to block a proposal.
But, as with Take-Two, Diebold has a different provision in its by-laws that allows a majority of its shareholders to call a special meeting.
On top of the clause that allows a majority of a bond's holders to approve a restructuring, he wanted other clauses that lay out the procedures for initiating and managing a default.
The threat to vote against a larger pay rise is a significant one as Cable has introduced new regulations to tighten up corporate governance in the business world, which allows a majority of shareholders under some circumstances to throw out what they deem to be over-generous awards.
It supported the creation of wealth and a broad-based infrastructure, allowing a majority of Americans to participate.
So-called collective action clauses, which allow a majority of bondholders to agree to a debt restructuring, should be part of that tool kit, Mr. Padoan said.
It will allow a majority of legislators to be elected by popular vote for the first time in Hong Kong's history.
One plan is to extend the practice usual under English-style (as opposed to New York) law of allowing a majority of bondholders to agree to a rescheduling, rather than insisting on unanimity.
Just as American bankruptcy law has a "cram-down" provision that forces the terms of a restructuring on all creditors, so the SDRM would allow a majority of creditors to force a minority to accept a plan.
Yes, it would allow a majority of creditors to coerce a minority, but overall control of the procedure remains with the creditors; and, by speeding up default work-outs, it might help dud bonds to keep more of their value.
Then there is the promise of satisfaction on twisting roads, because the quattro system is recalibrated to allow a majority of the engine's efforts to be directed to the rear wheels much of the time.
