Majority in Interest of the Sellers definition

Majority in Interest of the Sellers means sellers representing in excess of 50% of the Purchase Price, as set forth on Annex I hereto.
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Majority in Interest of the Sellers means a combination of Sellers who own, in the aggregate, more than fifty percent (50%) of the Shares. “Material Adverse Effect” means a material adverse effect on the business, results of operations or financial condition of the Company and the
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Majority in Interest of the Sellers means a combination of Sellers who own, in the aggregate, more than fifty percent (50%) of the Shares.
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Examples of Majority in Interest of the Sellers in a sentence

  • The Sellers' Representative may only be changed by a Majority in Interest of the Sellers.

  • If the Indemnifying Party is more than one of the Sellers, all decisions relating to such Claim made by the Sellers constituting the Indemnifying Party shall be made in accordance with the determination of a Majority in Interest of the Sellers constituting such Indemnifying Party (assuming, for purposes of this Section 7.5 only, that the aggregate amount of the Purchase Price to be received by the Sellers constituting such Indemnifying Party constitutes the entire Purchase Price).

  • Within thirty (30) days of the receipt of such notice, a Majority in Interest of the Sellers must give WRF notice of any objection to such determination.

  • All Closings hereunder shall take place at Casual’s principal place of business or at such location or locations as (i) the Purchaser, (ii) Casual, and (iii) a Majority in Interest of the Sellers shall mutually agree.

  • WRF and the Sellers agree to negotiate in good faith to attempt to resolve any such objections, provided that WRF and a Majority in Interest of the Sellers shall each have the right, at any time, by written notice, to unilaterally terminate all negotiations with respect to such objections or changes.

  • This Agreement shall not be assignable by any party to this Agreement without the prior written consent of the other parties to this Agreement (which consent, if given by a Majority in Interest of the Sellers, shall be deemed to be given on behalf of all Sellers); provided, however, Purchaser may assign its rights under this Agreement for collateral security purposes, without consent of any party, to any lender or lenders providing financing to Purchaser and/or the Company.

  • From and after the date of this Agreement, upon the request of a Majority in Interest of the Sellers or the Company, each of the Company and the Sellers shall execute and deliver such instrument, documents, and other writings as may be reasonably necessary or desirable to confirm and carry out and to effectuate fully the intent and purposes of this Agreement and the transactions contemplated hereby.

  • There are two areas under the Stafford Act currently acting as barriers to relief for climate change-induced disasters.

  • The entire network would also require regular maintenance as the warm air in the tunnel has dust and other particles that cause fouling to the equipment.

  • For purposes hereof, Majority in Interest of the Sellers shall mean Sellers holding a majority of the outstanding Common Shares.


More Definitions of Majority in Interest of the Sellers

Majority in Interest of the Sellers means the member of the Executive Committee designated to the Executive Committee by [Redacted], or an Affiliate thereof, together with at least two other members of the Executive Committee.
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Majority in Interest of the Sellers means Sellers named in the Underwriting Agreement that have entered into Purchase Agreements with the Purchaser substantially in the form of this Agreement in respect of Contract Shares (as defined in such purchase agreements) representing a majority of the Contract Shares subject to the purchase agreements of all such Sellers named in the Underwriting Agreement. Notwithstanding the foregoing, if the consideration received by holders of Common Stock in a Reorganization Event includes Non-Marketable Securities for which a bona fide trading market exists, then at the close of business on the 20th Trading Day after consummation of such Reorganization Event, the Transaction Value shall be recomputed (and a corresponding adjustment shall be effected to the Exchange Rate) on the basis of such Non-Marketable Securities' having a market value equal to the average of the high and low sale prices of such Non-Marketable Securities (as determined by a nationally recognized independent investment banking firm retained for this purpose by the Administrator) on each of the 20 Trading Days to and including such 20th Trading Day.
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Related to Majority in Interest of the Sellers

  • Majority in Interest of the Partners means Partners holding in the aggregate Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all Partners entitled to Consent to or withhold Consent from a proposed action.

  • Majority in Interest of the Members means Members whose Percentage Interests aggregate to greater than fifty percent of the Percentage Interests of all Members.

  • Majority in Interest As to any Class of Regular Certificates, the Holders of Certificates of such Class evidencing, in the aggregate, at least 51% of the Percentage Interests evidenced by all Certificates of such Class.

  • Majority in Interest of Noteholders means, as of a particular date of determination and subject to Section 2.16 of the Indenture, the holders of at least a majority in aggregate unpaid principal amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by the Company or any Affiliate thereof, it being understood that a Pass Through Trustee shall be considered an Affiliate of the Company as long as more than 50% in the aggregate face amount of Pass Through Certificates issued by the corresponding Pass Through Trust are held by the Company or an Affiliate of the Company or a Pass Through Trustee is otherwise under the control of the Company or such Affiliate of the Company (unless all Equipment Notes then outstanding are held by the Company or any Affiliate thereof, including the Pass Through Trustees which are considered Affiliates of the Company pursuant hereto)); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder, any Noteholder of an Equipment Note or Equipment Notes may allocate, in such Noteholder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action, vote, consent, waiver or instruction.

  • Majority in Interest of the Limited Partners means Limited Partners holding in the aggregate Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all Limited Partners.

  • Majority in Interest of Note Holders means as of a particular date of determination, the holders of a majority in aggregate unpaid Original Amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by Owner or any of its Affiliates (unless all Equipment Notes then outstanding shall be held by Owner or any Affiliate of Owner); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder, any Note Holder of an Equipment Note or Equipment Notes may allocate, in such Note Holder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action, vote, consent, waiver or instruction.

  • Majority in liquidation amount of the Securities means Holder(s) of outstanding Securities voting together as a single class or, as the context may require, Holders of outstanding Capital Securities or Holders of outstanding Common Securities voting separately as a class, who are the record owners of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all outstanding Securities of the relevant class.

  • Majority in liquidation amount of the Capital Securities means Holder(s) of outstanding Capital Securities, voting together as a class, but separately from the holders of Common Securities, of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all Capital Securities then outstanding.

  • Majority Noteholders means the Holders of a majority by principal amount of the most senior then outstanding class of Notes.

  • Majority Interest means Notes, Trust Certificates or Securities, as the case may be, evidencing a majority of the Outstanding Amount of the related Notes, Trust Certificates or Securities, except that, except as otherwise provided in the Basic Documents, Securities owned by the Issuing Entity, the Depositor, the Servicer (so long as NMAC or an Affiliate is the Servicer) or any of their respective Affiliates will not be included in such determination for the purpose of making requests, demands, authorizations, directions, notices, consents or other action under the Basic Documents.

  • Majority Purchasers means one or more Purchasers representing more than 50% of the aggregate Commitments of all Purchasers (or, if the Commitments have been terminated, Purchasers representing 100% of the aggregate outstanding Capital held by all the Purchasers); provided, however, that in no event shall the Majority Purchasers include fewer than two (2) Purchasers at any time when there are two (2) or more Purchasers.

  • Majority Investors means, as of any date, the holders of a majority of the Investor Shares outstanding on such date.

  • Majority Purchaser Agents means a minimum of two Purchaser Agents which in their related Purchaser Group have Related Committed Purchasers whose Commitments aggregate more than 50% of the aggregate Commitment of all Related Committed Purchasers in all Purchaser Groups.

  • Majority Members means Members holding a majority of the Units owned by all Members or if there is only one Member, such Member.

  • Majority Interests Vote means the vote, at a meeting of Holders, of (A) 67% or more of the Interests present or represented at such meeting, if Holders of more than 50% of all Interests are present or represented by proxy, or (B) more than 50% of all Interests, whichever is less.

  • Majority Holders means the Holders of a majority of the aggregate principal amount of Securities registered under a Registration Statement.

  • Consenting Noteholders has the meaning set forth in the preamble to this Agreement.

  • Controlling Noteholder Representative shall have the meaning assigned to such term in Section 6(a).

  • Majority in Liquidation Amount of the Preferred Securities means a vote by the Holder(s), voting separately as a class, of more than fifty percent (50%) of the aggregate Liquidation Amount of all then outstanding Preferred Securities issued by the Issuer.

  • Majority in Liquidation Amount means, with respect to the Trust Securities, except as provided in the terms of the Capital Securities or by the Trust Indenture Act, Holder(s) of outstanding Trust Securities voting together as a single class or, as the context may require, Holders of outstanding Capital Securities or Holders of outstanding Common Securities voting separately as a class, who are the record owners of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all outstanding Securities of the relevant class.

  • Controlling Note Holder Representative shall have the meaning assigned to such term in Section 6(a).

  • Majority Certificateholders The Holders of Certificates evidencing at least 51% of the Voting Rights.

  • Instituting Noteholders has the meaning set forth in Section 7.6(a) of the Indenture.

  • Required Consenting Noteholders means, as of the relevant date, the Consenting Noteholders then holding greater than fifty and one-tenth percent (50.1%) of the aggregate outstanding principal amount of Senior Notes Claims that are held by all Consenting Noteholders subject to the Restructuring Supporting Agreement as of such date.

  • Majority Shareholders means Xxxx Xxxxx and Xxxxxxxx Xxxxxxx.

  • absolute majority , of the Committee, means a majority of the committee members currently holding office and entitled to vote at the time (as distinct from a majority of committee members present at a committee meeting);