Majority Interest definition

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

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

Examples of Majority Interest in a sentence

• Without limiting the foregoing, the primary business of the Company shall be to engage in real estate ownership and leasing, unless changed by the Members upon an affirmative vote of a Majority Interest.

• The Managers may from time to time open bank accounts in the name of the Company and the Managers shall be the sole signatory(ies) thereon unless Members owning a Majority Interest determine otherwise.

• Managers shall be elected by the affirmative vote of Members holding at least a Majority Interest.

• At a meeting called expressly for that purpose, all or any lesser number of Managers may be removed at any time, with or without cause, by the affirmative vote of Members holding a Majority Interest.

• Provided that Members owning a Majority Interest approve the Company shall to the maximum extent permitted under Section 15-10 of the Act, indemnify and make advances for expenses to Managers, its employees and other agents.

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 the largest percentage of ownership interest.

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

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

Majority Interest means greater than 50% of the Sharing Ratios.

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

Majority Interest means the Designated Holders holding at least a majority of the then-outstanding Registrable Securities or, for the avoidance of doubt, Convertible Notes (calculated on an as converted basis).