Majority in Interest. For so long as any obligations remain outstanding on the Notes, Majority in Interest for the purposes of this Agreement and the Borrower Documents shall mean Lenders who hold not less than a majority of the outstanding principal amount of the Notes.
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Majority in Interest. For so long as any obligations remain outstanding on the Notes, Majority in Interest for the purposes of this Agreement and the Borrower Documents Security Agreement shall mean Lenders who hold not less than seventy-five percent (75%) of the outstanding principal amount of the Notes except in relation to Sections 3(a)(i) and 3(a)(ii) wherein a majority Majority in Interest shall mean 33% of the outstanding principal amount of the Notes.
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Samples: Collateral Agent Agreement (Satellite Security Corp)
Majority in Interest. For so long as any obligations remain outstanding on the Notes, Majority in Interest for the purposes of this Agreement and the Borrower Documents Security Agreement shall mean Lenders who hold not less than a majority seventy-five percent (75%) of the outstanding principal amount of the Notes.Notes except in relation to Sections 3(a)(i) and 3(a)
Appears in 1 contract
Samples: Collateral Agent Agreement
Majority in Interest. For so long as any obligations remain outstanding on the Notes, Majority in Interest for the purposes of this Agreement and the Borrower Documents Security Agreement shall mean Lenders who hold not less than a majority seventy-five percent (75%) of the outstanding principal amount of the Notes.
Appears in 1 contract
Majority in Interest. For so long as any obligations remain outstanding on the Notes, Majority in Interest for the purposes of this Agreement and the Borrower Documents Security Agreement shall mean Lenders who hold not less than seventy-five percent (75%) of the outstanding principal amount of the Notes except in relation to Sections 3(a)(i) and 3(a)(ii) when a majority Majority in Interest shall mean 33% of the outstanding principal amount of the Notes.
Appears in 1 contract
Samples: Subscription Agreement (Hq Sustainable Maritime Industries, Inc.)
Majority in Interest. For so long as any obligations remain outstanding on the Notes, Majority in Interest for the purposes of this Agreement and the Borrower Documents Security Agreement shall mean Lenders who hold not less than a majority of the outstanding principal amount of the Notes.
Appears in 1 contract
Samples: Subscription Agreement (Options Media Group Holdings, Inc.)
