Majority Interest definition

Majority Interest means one or more Members who in the aggregate hold more than 50% of all Membership Shares.

Majority Interest means Notes, Trust Certificates or Securities, as the case may be, evidencing a majority of the Outstanding Amount of the related Notes, Trust Certificates or Securities, except that, except as otherwise provided in the Basic Documents, Securities owned by the Issuing Entity, the Depositor, the Servicer (so long as NMAC or an Affiliate is the Servicer) or any of their respective Affiliates will not be included in such determination for the purpose of making requests, demands, authorizations, directions, notices, consents or other action under the Basic Documents.

Majority Interest means Membership Interests in the Company entitled to more than 50% of the Sharing Ratios.

Examples of Majority Interest in a sentence

• Meetings of the Members may be called by the Board or the Members holding a Majority Interest and shall be held upon not less than two (2) Business Days nor more than sixty (60) days’ prior written notice of the time and place of such meeting delivered to each holder of Voting Units in the manner provided in Section 14.2. Notice of any meeting may be waived by any Member before or after any meeting.

• For any meeting of the Members, the presence in person or by proxy of the Members owning Voting Units representing at least a Majority Interest shall constitute a quorum for the transaction of any business.

• With respect to any matter, other than a matter for which the affirmative vote of the holders of a specified portion of Members entitled to vote is required by the nonwaivable provisions of the Act (if any) or by this Agreement (including in Section 4.10), the affirmative vote of the Members holding a Majority Interest at a meeting of Members at which a quorum is present shall be the act of the Members.

• The Manager may be paid such fees as approved from time to time by a Majority Interest of Members.

More Definitions of Majority Interest

Majority Interest means, with respect to the holders of Notes, the holders of a majority of the aggregate principal balance of such Notes.

Majority Interest means the largest percentage of ownership interest.

Majority Interest. Ownership Percentages of Members which, taken together, constitute a majority of all Ownership Percentages.

Majority Interest means Percentage Interests of one or more Members that taken together exceed fifty percent (50%) of the aggregate of all Percentage Interests.

Majority Interest means greater than 50% of the Sharing Ratios.

Majority Interest means Limited Partners holding an aggregate of more than 50% of the outstanding LP Units.

Majority Interest means the Designated Holders holding at least a majority of the then-outstanding Registrable Securities or, for the avoidance of doubt, Convertible Notes (calculated on an as converted basis).