Majority in Interest of Holders definition

Majority in Interest of Holders means, as of any date of the determination thereof, (i) if no amount in respect of any Loan is then outstanding, a Loan Participant or Loan Participants whose Commitments aggregate more than fifty per cent (50%) of the aggregate Commitments of all Loan Participants, or (ii) otherwise, the Holders of more than 50% in aggregate outstanding principal amount of all Loan Certificates. For all purposes of the foregoing definition, in determining as of any date the then aggregate outstanding principal amount of any Loan Certificates, there shall be excluded all Loan Certificates, if any, held by the Borrower or any Affiliate thereof.

Majority in Interest of Holders means holders holding a majority of the aggregate outstanding principal amount of the Notes issued pursuant to the Transaction Documents.

Majority in Interest of Holders means, at the time of determination, Holders holding at least a majority of Registrable Securities.

Examples of Majority in Interest of Holders in a sentence

• The Indenture provides that in certain events such declaration and its consequences may be waived the Majority in Interest of Holders.

• In addition, a Majority in Interest of Holders of Notes may at any time remove the Indenture Trustee without cause by an instrument in writing delivered to the Owner Trust, the Owner Participant, the Charterer and the Indenture Trustee, such removal to be effective upon the acceptance of the trusteeship by a successor Indenture Trustee as provided in Section 8.02(b).

• Nothing in this Indenture shall impair the right of the Indenture Trustee in its discretion to take any action deemed proper by the Indenture Trustee and which is not inconsistent with the direction by the Majority in Interest of Holders.

• If a successor Indenture Trustee shall not have been appointed within thirty (30) days of such notice of resignation or removal, the Indenture Trustee, the Owner Trust, the Owner Participant, the Charterer or a Majority in Interest of Holders may apply to any court of competent jurisdiction to appoint a successor Indenture Trustee qualified under Section 8.02(c) to act until such time, if any, as a successor shall have been appointed as above provided in this Section 8.02.

• Any change, waiver or amendment to this Note shall require the prior written consent of the Issuer and the Majority in Interest of Holders.

More Definitions of Majority in Interest of Holders

Majority in Interest of Holders means, as of a particular date of ------------------------------- determination, the Holders of more than 50% of the aggregate unpaid principal amount of all Equipment Notes Outstanding as of such date (excluding any Equipment Notes held by Owner Trustee, Lessee or the Owner Participant or any Affiliate of any such party or any interests of Owner Trustee or the Owner Participant therein by reason of subrogation pursuant to Section 8.02 of the Indenture (unless all Equipment Notes Outstanding shall be held by Owner Trustee, Lessee, the Owner Participant or any Affiliate thereof)).

Majority in Interest of Holders means, as of any date of the determination thereof, the Holders of not less than [***]*% in aggregate outstanding principal amount of all Loan Certificates as of such date. For all purposes of the foregoing definition, in determining as of any date the then aggregate outstanding principal amount of Loan Certificates, there shall be excluded any Loan Certificates, if any, held by the Borrower or any of its Affiliates (unless the Borrower and/or its Affiliates, as the case may be, own all Loan Certificates then outstanding).

Majority in Interest of Holders means, as of any date of the determination thereof, (i) if no amount in respect of any Loan is then outstanding, a Loan Participant or Loan Participants whose Commitments aggregate more than fifty per cent (50%) of the aggregate Commitments of all Loan Participants, or (ii) otherwise, the Holders of more than 50% in [**] — Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. aggregate outstanding principal amount of all Loan Certificates. For all purposes of the foregoing definition, in determining as of any date the then aggregate outstanding principal amount of any Loan Certificates, there shall be excluded all Loan Certificates, if any, held by the Borrower or any Affiliate thereof.

Majority in Interest of Holders means the holders of greater than 50% of the Registrable Securities (for purposes of clarification, this includes any Registrable Securities issuable upon exercise or conversion of any Securities).

Majority in Interest of Holders means, as of a particular date of determination, the Holders of more than 50% of the aggregate unpaid principal amount of all Equipment Notes Outstanding as of such date.

Majority in Interest of Holders means, as of any date of the ------------------------------- determination thereof, the Holders of not less than two-thirds (2/3) in aggregate outstanding principal amount of all Loan Certificates as of such date; excluding, however, the Junior Loan Certificate so long as any MORTGAGE [Midway/LBK] Senior Loan Certificates are outstanding. For all purposes of the foregoing definition, in determining as of any date the then aggregate outstanding principal amount of Loan Certificates, there shall be excluded any Loan Certificates, if any, held by the Borrower or any of its Affiliates (unless the Borrower and/or its Affiliates, as the case may be, own all Loan Certificates then outstanding).

Majority in Interest of Holders means, at the time of determination, Holders holding at least a majority of Registrable Securities then outstanding. “Company Shares” means the Common Stock, $0.0001 par value per share, of the Company.