Certain Actions. Each of the Lenders covenants and agrees that only a Majority in Interest shall have the right, but not the obligation, to undertake the following actions (it being expressly understood that less than a Majority in Interest hereby expressly waive the following rights that they may otherwise have under the Borrower Documents):
Appears in 39 contracts
Samples: Collateral Agent Agreement (MAGELLAN GOLD Corp), Security Agreement (Pressure Biosciences Inc), Security Agreement (Ocz Technology Group Inc)
Certain Actions. Each of the Lenders covenants and agrees that only a Majority in Interest shall have the right, but not the obligation, to undertake the following actions (it being expressly understood that less than a Majority in Interest hereby expressly waive the following rights that they may otherwise have under the Borrower DocumentsNotes, but only insofar as such waiver affects their right to receive proceeds from the Collateral):
Appears in 13 contracts
Samples: Collateral Agent Agreement (Code Green Apparel Corp), Form of Collateral Agent Agreement (Vendingdata Corp), Collateral Agent Agreement (Blastgard International Inc)
Certain Actions. Each of the Lenders covenants and agrees that only a Majority in Interest Interest, as defined in Section 3(d), shall have the right, but not the obligation, to undertake the following actions (it being expressly understood that less than a Majority in Interest hereby expressly waive the following rights that they may otherwise have under the Borrower Documents):
Appears in 2 contracts
Samples: Collateral Agent Agreement, Collateral Agent Agreement (Satellite Security Corp)
Certain Actions. Each of the Lenders covenants and agrees that only Lenders who in the aggregate hold Obligations of not less than 75% of the principal amount outstanding under all Obligations (a “Majority in Interest Interest”) shall have the right, but not the obligation, to undertake the following actions (it being expressly understood that less than a Majority in Interest hereby expressly waive the following rights that they may otherwise have under the Borrower Documents):
Appears in 2 contracts
Samples: Collateral Agent Agreement, Collateral Agent Agreement (Irvine Sensors Corp/De/)
Certain Actions. Each of the Lenders covenants and agrees that only a Majority in Interest shall have the right, but not the obligation, to undertake the following actions (it being expressly understood that less than a Majority in Interest hereby expressly waive the following rights that they may otherwise have under the Borrower Documents):Documents ) :
Appears in 1 contract
Samples: Collateral Agent Agreement (Wizzard Software Corp /Co)
Certain Actions. Each of the Lenders covenants and agrees that only the Lenders holding a majority of the outstanding principal due on the Notes (a “Majority in Interest Interest”) shall have the right, but not the obligation, to undertake the following actions (it being expressly understood that less than a Majority in Interest hereby expressly waive the following rights that they may otherwise have under the Borrower DocumentsNotes, but only insofar as such waiver affects their right to receive proceeds from the Collateral):
Appears in 1 contract
Certain Actions. Each of the Lenders covenants and agrees that only a Majority in Interest shall have the right, but not the obligation, to undertake the following actions (it being expressly understood that less than a Majority in Interest hereby expressly waive the following rights that they may otherwise have under the Borrower DocumentsPromissory Notes, but only insofar as such waiver affects their right to receive proceeds from the Collateral):
Appears in 1 contract
Certain Actions. Each of the Lenders covenants and agrees that only a Majority in Interest shall have the right, but not the obligation, to undertake the following actions (it being expressly understood that less than a Majority in Interest hereby expressly waive the following rights that they may otherwise have under the Borrower Documents):)
Appears in 1 contract
Samples: Collateral Agent Agreement (Ceragenix Pharmaceuticals, Inc.)
Certain Actions. Each of the Lenders covenants and agrees that ---------------- only a Majority in Interest shall have the right, but not the obligation, to undertake the following actions (it being expressly understood that less than a Majority in Interest hereby expressly waive the following rights that they may otherwise have under the Borrower Documents):): =
Appears in 1 contract
Certain Actions. Each of the Lenders covenants and agrees that only a Majority in Interest shall have the right, but not the obligation, to undertake the following actions (it being expressly understood that less than a Majority in Interest hereby expressly waive the following rights that they may otherwise have under the Borrower Transaction Documents)::
Appears in 1 contract
Samples: Stock Pledge Agreement (Xstream Beverage Network, Inc.)
Certain Actions. Each of the Lenders covenants and agrees that only a Majority in Interest (as defined below) shall have the right, but not the obligation, to undertake the following actions (it being expressly understood that less than a Majority in Interest each Lender hereby expressly waive waives any rights to take any of the following rights actions that they such Lender may otherwise have under the Borrower Loan Documents):
Appears in 1 contract
Samples: Security and Collateral Agent Agreement (Nuvel Holdings, Inc.)
