Common use of Majority in Interest Clause in Contracts

Majority in Interest. For so long as any obligations remain outstanding on the Debenture, Majority in Interest for the purposes of this Agreement and the Security Agreement shall mean Lenders who hold not less than seventy-five percent (75%) of the outstanding principal amount of the Debenture.

Majority in Interest. For so long as any obligations remain outstanding on the DebentureDebentures, Majority in Interest for the purposes of this Agreement and the Security Agreement Borrower Documents shall mean Lenders who hold not less than seventy-five percent (75%) a majority of the outstanding principal amount of the DebentureDebentures.

Majority in Interest. For so long as any obligations Debentures remain outstanding on the Debentureoutstanding, a Majority in Interest for the purposes of this Agreement and the Security Agreement shall mean Lenders who hold not less than seventy-five ninety percent (7590%) of the outstanding principal amount of the DebentureDebentures.