Majority in Interest. For so long as any obligations remain outstanding on the Notes, “Majority in Interest” for the purposes of this Agreement shall mean the Noteholders who hold more than fifty percent (50%) of the aggregate outstanding principal amount of the Notes at the time that a particular event occurs.
Appears in 3 contracts
Samples: Collateral Agent Agreement (Rvue Holdings, Inc.), Collateral Agent Agreement (Rvue Holdings, Inc.), Collateral Agent Agreement (Rvue Holdings, Inc.)
Majority in Interest. For so long as any obligations remain outstanding on the Notes, “Majority in Interest” Interest for the purposes of this Agreement and the Security Agreement shall mean the Noteholders Lenders who hold more than fifty percent (50%) of the aggregate outstanding principal amount of the Notes at the time that a particular event occursNotes.
Appears in 2 contracts
Samples: Collateral Agent Agreement (MAGELLAN GOLD Corp), Collateral Agent Agreement (AeroGrow International, Inc.)
