Common use of Majorities Clause in Contracts

Majorities. Any reference herein to a majority of Holders shall be deemed to refer to a majority of the relevant aggregate principal amount of the outstanding Transfer Restricted Securities; provided that whenever the consent or approval of Holders is required hereunder, any Transfer Restricted Securities owned directly or indirectly by the Company or any of its affiliates shall not be counted in determining whether such consent or approval was given by the required majority.