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

• No amendment to this Section 6.18(c)(iii) shall be permitted without a unanimous vote of the Record Holders, unless such amendment has been approved by the Audit Committee in which event only the vote of a Majority Interest shall be required for approval of such amendment.

• Upon dissolution of the Partnership, unless an election to continue the business of the Partnership is made pursuant to Section 11.03, the General Partner, or, in the event the dissolution is caused by an event described in Section 11.02(b), a Person or Persons selected by a Majority Interest shall be the Liquidating Trustee.

• Upon an event described in Section 13.02(b), the Partnership thereafter shall be dissolved and liquidated unless, within ninety (90) days after the event described in such Section, an election to reconstitute and continue the business of the Partnership shall be made writing by a Majority Interest and a successor General Partner is selected by a Majority Interest.

• The Liquidating Trustee, if other than the General Partner, shall be entitled to receive such compensation for its services as Liquidating Trustee as may be approved by a Majority Interest.

• The Liquidating Trustee shall agree not to resign at any time without sixty (60) days prior written notice and, if other than the General Partner, may be removed at any time, with or without cause, by written notice of removal approved by a 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 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 greater than 50% of the Sharing Ratios.

Majority Interest means such of the Members, as shall own, at the time of any determination, more than fifty percent (50%) of all then issued and outstanding Interests.

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%.