Common use of Majority in Interest of Lenders Clause in Contracts

Majority in Interest of Lenders. as of a particular date of determination (a) until the first Borrowing Date, the Lenders holding more than 50% of the unused Maximum Commitments then in effect and (b) thereafter, Lenders holding more than 50% of the aggregate unpaid principal amount of Drawings made under all Series of Loan Certificates outstanding as of such date.

Appears in 3 contracts

Samples: Security Agreement (Airtran Holdings Inc), Security Agreement (Airtran Holdings Inc), Security Agreement (Airtran Holdings Inc)

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Majority in Interest of Lenders. as of a particular date of determination (a) until the first Borrowing Datedetermination, the Lenders holding more than 50% of an amount equal to the sum of (i) the unused Maximum Commitments then in effect and Commitment plus (bii) thereafter, Lenders holding more than 50% of the aggregate unpaid principal amount of all Drawings made under all Series of Loan Certificates outstanding as of such date.

Appears in 2 contracts

Samples: Security Agreement (Airtran Holdings Inc), Security Agreement (Airtran Holdings Inc)

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