Majority Interest definition

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 Interest means one or more Members who in the aggregate hold more than 50% of all Membership Shares.

Majority Interest means Membership Interests in the Company entitled to more than 50% of the Sharing Ratios.

Examples of Majority Interest in a sentence

• Except as expressly provided herein, any action that may be taken by the Trust Certificateholders under this Agreement may be taken by the Trust Certificateholders holding not less than a Majority Interest of the Trust Certificates.

• Except as expressly provided herein, any written notice of the Trust Certificateholders delivered pursuant to this Agreement shall be effective if signed by Trust Certificateholders holding not less than a Majority Interest of the Trust Certificates at the time of delivery of such notice.

• Prior to the acceleration of the maturity of the Notes as provided in this Section 5.02, Noteholders holding not less than a Majority Interest of the Notes voting as a single class may waive any past Indenture Default and its consequences except an Indenture Default (i) in payment of principal of or interest on the Notes or (ii) in respect of a covenant or provision hereof that cannot be modified or amended without the consent of each Noteholder.

• The Majority Interest, present in person or represented by proxy, shall constitute a quorum for the transaction of business at all meetings of the Members, except as otherwise required by law.

• This Agreement may be amended at any time and from time to time by resolution of the Majority Interest.

More Definitions of Majority Interest

Majority Interest means, with respect to the holders of Notes, the holders of a majority of the aggregate principal balance of such Notes.

Majority Interest means one or more Percentage Interests of Members which taken together exceed fifty percent (50%) of the aggregate of all Percentage Interests.

Majority Interest means the largest percentage of ownership interest.

Majority Interest means Holders holding not less than a majority in interest of the Registrable Securities held by all Holders.

Majority Interest. Ownership Percentages of Members which, taken together, constitute a majority of all Ownership Percentages.

Majority Interest means with respect to the Members, as to any agreement, election, vote or other action of the Members, those Members whose combined Voting Interest exceed 50%.

Majority Interest means Limited Partners holding an aggregate of more than 50% of the outstanding LP Units.