Majority in Interest definition

Majority in Interest. As to any Class of Regular Certificates, the Holders of Certificates of such Class evidencing, in the aggregate, at least 51% of the Percentage Interests evidenced by all Certificates of such Class.

Majority in Interest means, at any time of determination, the majority in interest (based on then-outstanding principal amounts of Debentures at the time of such determination) of the Secured Parties.

Majority in Interest means, at any time of determination, the majority in interest (based on then-outstanding principal amounts of Notes at the time of such determination) of the Secured Parties.

Examples of Majority in Interest in a sentence

• An assignee of a Member's Membership Interest shall be admitted as a substitute member and shall be entitled to all the rights and powers of the assignor, provided that (i) a Majority in Interest of the other Class A Members consent to the admission of such assignee as a substitute member and (ii) the assignee accepts, adopts, approves and agrees, in writing, to be bound by all of the terms and provisions of this Agreement.

• No Member shall be permitted to sell, assign, transfer, exchange, mortgage, pledge, grant, hypothecate or otherwise dispose of such Member's Membership Interest, other than to another Member, a descendant of a Member, a trust for the benefit of one or more of a Member or a descendant of a Member or, if the Member is a Trust, to the beneficiary of such Trust, except with the written consent of a Majority in Interest of all of the other Class A Members.

• In the event of the death, incompetency or resignation of the Manager, a Majority in Interest of the Class A Members shall elect a replacement.

• This Agreement may only be amended by unanimous written consent of a Majority in Interest of the Class A Members and a Majority in Interest of the Class B Members.

More Definitions of Majority in Interest

Majority in Interest means, with respect to the Members or to any specified group or class of Members, Members owning more than fifty percent (50%) of the total Percentage Interests held by all Members or such specified group or class of Members, as applicable.

Majority in Interest means the Holders of a majority of the Outstanding Bonds or Notes eligible to act on a matter, measured by face value at maturity unless otherwise specified in a Series Resolution.

Majority in Interest shall have the meaning ascribed to such term in Section 5.5.

Majority in Interest means a majority of votes as allocated by an operating agreement, or by the statute in the absence of an allocation by operating agreement, and held by members entitled to vote on a matter submitted for a vote by members.

Majority in Interest when used in reference to Lenders of any Class, means, at any time, Lenders holding outstanding Loans of such Class representing more than 50.0% of all Loans of such Class outstanding at such time.

Majority in Interest means, at any time of determination, the holders of more than fifty percent (50%) (based on then-outstanding principal amounts and accrued interest of Notes at the time of such determination) of the Notes.

Majority in Interest when used in reference to Lenders of any Class, means, at any time, (a) in the case of the Revolving Lenders, Lenders having Revolving Exposures and unused Revolving Commitments representing more than 50% of the sum of the Aggregate Revolving Exposure and the unused Aggregate Revolving Commitment at such time and (b) in the case of the Term Lenders of any Class, Lenders holding outstanding Term Loans of such Class representing more than 50% of the aggregate principal amount of all Term Loans of such Class outstanding at such time.