Majority in Interest. For so long as any obligations remain outstanding on the Notes, Majority in Interest for the purposes of this Agreement and the Security Agreement shall mean Lenders who hold not less than seventy-five percent (75%) of the outstanding principal amount of the Notes except in relation to Sections 3(a)(i) and 3(a)(ii) wherein a Majority in Interest shall mean 33% of the outstanding principal amount of the Notes.
Appears in 1 contract
Samples: Collateral Agent Agreement (Satellite Security Corp)
Majority in Interest. For so long as any obligations remain outstanding on the Notes, Majority in Interest for the purposes of this Agreement and the Security Agreement Borrower Documents shall mean Lenders who hold not less than seventy-five percent (75%) of the outstanding principal amount of the Notes except in relation to Sections 3(a)(i) and 3(a)(ii) wherein a Majority in Interest shall mean 33% majority of the outstanding principal amount of the Notes.
Appears in 1 contract
Majority in Interest. For so long as any obligations remain outstanding on the Notes, Majority in Interest for the purposes of this Agreement and the Security Agreement shall mean Lenders who hold not less than seventy-five seventy percent (75%) of the outstanding principal amount of the Notes except in relation to Sections 3(a)(i) and 3(a)(ii) wherein a Majority in Interest shall mean 33% of the outstanding principal amount of the Notes.
Appears in 1 contract
Majority in Interest. For so long as any obligations remain outstanding on the Notes, Majority in Interest for the purposes of this Agreement and the Security Agreement shall mean Lenders who hold not less than seventy-five percent (75%) of the outstanding principal amount of the Notes except in relation to Sections 3(a)(i) and 3(a)(ii) wherein a Majority in Interest shall mean 33% majority of the outstanding principal amount of the Notes.
Appears in 1 contract
Samples: Security Agreement (Options Media Group Holdings, Inc.)
Majority in Interest. For so long as any obligations remain outstanding on the Notes, Majority in Interest for the purposes of this Agreement and the Security Agreement shall mean Lenders who hold not less than seventy-five percent (75%) of the outstanding principal amount of the Notes except in relation to Sections 3(a)(i) and 3(a)(ii) wherein when a Majority in Interest shall mean 33% of the outstanding principal amount of the Notes.
Appears in 1 contract
Samples: Collateral Agent Agreement (Hq Sustainable Maritime Industries, Inc.)
