Majority Interests definition

Majority Interests shall have the meaning assigned to such term in Section 3.01 of this Agreement.
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Majority Interests means approval of the majority of the Membership Interests in the Company.
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Majority Interests means those Members who hold a majority of the Percentage Interests which all Members hold. Each Member acknowledges and agrees that (i) a default by any Member in making a required capital contribution will result in the Company and the non-defaulting Members incurring certain costs and other damages in an amount that would be extremely difficult or impractical to ascertain and (ii) the remedies described in this Section 2.5 bear a reasonable relationship to the damages which the Members estimate may be suffered by the Company and the non-defaulting Members by reason of the failure of a defaulting Member be suffered by the Company and the non-defaulting Members by reason of the failure of a defaulting Member.
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Examples of Majority Interests in a sentence

  • ABI, as the holder of the Congoleum Majority Interests, is entitled to vote to accept or reject the Plan under section 1126 of the Bankruptcy Code.

  • In the event the Manager is no longer a Member in the Company, he tax matters member shall be the Majority Interests owner from amongst the Class B Members.

  • On the Effective Date, ABI will retain the Congoleum Majority Interests.

  • Property Damage Claims, ABI Claims and Congoleum Majority Interests are Impaired under the Plan; the Claims of Congoleum's other Creditors and Interest Holders are not Impaired under the Plan.

  • Because acceptance of the Plan will constitute acceptance of all the provisions thereof, holders of Asbestos Personal Injury Claims, ABI Claims and Congoleum Majority Interests are urged to consider carefully the information regarding treatment of their Claims and Interests contained in this Disclosure Statement.

  • On the Effective Date, ABI shall retain the Congoleum Majority Interests.

  • The Company is soliciting acceptances of the Plan from (a) all known Asbestos Claimants or their authorized representatives, except those Asbestos Claimants whose claims have been expunged or withdrawn pursuant to a Final Order of the Bankruptcy Court, and (b) ABI as the holder of the ABI Claims and the Congoleum Majority Interests.

  • The Company is soliciting acceptances of the Plan from (a) all known Asbestos Claimants or their authorized representatives, (b) all holders of Asbestos Property Damage Claims who have timely filed Proofs of Claim, and (c) ABI as the holder of the ABI Claims and the Congoleum Majority Interests.

  • This Disclosure Statement is being transmitted in order to provide adequate information to enable holders of Asbestos Personal Injury Claims and holders of ABI Claims and Congoleum Majority Interests, who are Impaired under the Plan, to make an informed judgment in exercising their right to vote to accept or reject the Plan under section 1126 of the Bankruptcy Code.

  • The Congoleum Majority Interests shall be deemed Allowed Class 12 Congoleum Majority Interests.


More Definitions of Majority Interests

Majority Interests shall have the meaning defined in Recital D.
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