Common use of Majority in Interest of Certificate Holders Clause in Contracts

Majority in Interest of Certificate Holders. As of a particular date of determination, the Holders of more than 50% of the aggregate unpaid principal amount of all Certificates outstanding as of such date excluding for purposes of this definition any Certificates held by (i) the Owner Trustee or the Owner Participant or any interests of the Owner Participant unless all Certificates then outstanding shall be held by the Owner Participant, (ii) the Lessee or (iii) any Affiliate of any thereof.

Appears in 33 contracts

Samples: Participant Transfer Agreement (Federal Express Corp), Lease Agreement (Federal Express Corp), Lease Agreement (Federal Express Corp)

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Majority in Interest of Certificate Holders. As of a particular date of determination, the Holders of more than 50% of the aggregate unpaid principal amount of all Certificates outstanding as of such date excluding for purposes of this definition any Certificates held by (i) the Owner Trustee or the any Owner Participant or any interests of the such Owner Participant unless all Certificates then outstanding shall be held by the such Owner Participant, (ii) the Lessee or (iii) any Affiliate of any thereof.

Appears in 5 contracts

Samples: Lease Agreement (Federal Express Corp), Indenture and Security Agreement (Federal Express Corp), Consent and Agreement (Federal Express Corp)

Majority in Interest of Certificate Holders. As of a particular date of determination, the Holders of more than 50% of the aggregate unpaid principal amount of all Certificates outstanding as of such date excluding for purposes of this definition any Certificates held by (i) the Owner Trustee or the Owner Participant or any interests of the Owner Participant unless all Certificates then outstanding shall be held by the such Owner Participant, (ii) the Lessee or (iii) any Affiliate of any thereof.

Appears in 4 contracts

Samples: Indenture and Security Agreement (Federal Express Corp), Lease Agreement (Federal Express Corp), Federal Express Corp

Majority in Interest of Certificate Holders. As of a particular date of determination, the Holders of more than 50% of the aggregate unpaid principal amount of all Certificates outstanding as of such date excluding for purposes of this definition any Certificates held by (i) the Owner Trustee or the Owner Participant or any interests of the Owner Participant unless all Certificates then outstanding shall be held by the Owner Participant, (ii) the Lessee or (iii) any Affiliate of any thereof.

Appears in 4 contracts

Samples: Lease Agreement (Federal Express Corp), Indenture and Security Agreement (Federal Express Corp), Federal Express Corp

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Majority in Interest of Certificate Holders. As of a particular date of determination, the Holders of more than 50% of the aggregate unpaid principal amount of all Certificates outstanding as of such date excluding for purposes of this definition any Certificates held by (i) the Owner Trustee or the Owner Participant or any interests of the Owner Participant unless all Certificates then outstanding shall be held by the Owner Participant, (ii) the ii)the Lessee or (iii) any iii)any Affiliate of any thereof.

Appears in 4 contracts

Samples: Indenture and Security Agreement (Federal Express Corp), Lease Agreement (Federal Express Corp), Federal Express Corp

Majority in Interest of Certificate Holders. As as of a particular date of determination, determination shall mean the Holders holders of more than 50% of the a majority in aggregate unpaid principal amount Principal Amount of all Secured Certificates outstanding as of such date (excluding for purposes of this definition any Secured Certificates held by (i) the Owner Trustee or the Owner Participant or any interests of the Owner Participant its affiliates (unless all Secured Certificates then outstanding shall be held by the Owner Participant, (ii) the Lessee or (iii) any Affiliate of any thereofits affiliates)).

Appears in 1 contract

Samples: Indenture and Security Agreement (Northwest Airlines Inc /Mn)

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