Majority Note Holders definition

Majority Note Holders means the holders of a majority in interest of the aggregate principal amount of Notes.

Majority Note Holders means (i) where the aggregate Principal Amount of the Convertible Notes issued under the Convertible Note Purchase Agreement is US$30 million or more, the Note Holder(s) who hold(s) more than fifty percent (50%) of the aggregate principal amount of all of the Convertible Notes outstanding at the time of determination, or (ii) where the aggregate Principal Amount of the Convertible Notes issued under the Convertible Note Purchase Agreement is less than US$30 million, the Note Holder(s) who hold(s) more than sixty-six percent (66%) of the aggregate principal amount of all of the Convertible Notes outstanding at the time of determination.

Majority Note Holders at any time means the holders of Notes representing a majority of the aggregate principal amount of all Notes then outstanding.

Examples of Majority Note Holders in a sentence

• This Note applies to, inures to the benefit of, and binds the successors and assigns of the parties hereto; provided, however, that the Company may not assign its obligations under this Note without the written consent of the Majority Note Holders.

• Nonetheless, any term of this Agreement or the Notes may be amended and the observance of any term of this Agreement or the Notes may be waived (either generally or in a particular instance and either retroactively or prospectively), with the written consent of the Company and the Majority Note Holders.

• An Event of Default may be waived by approval of the Majority Note Holders or shall be deemed waived by a Holder if the Holder did not exercise its right under Section 3.3 to require the Company to redeem the Note with respect to the Event of Default within six (6) months of the Holder’s receipt of a written notice to the Holder of any Event of Default pursuant to Section 5.1(b) above.

• Except as otherwise provided herein, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the parties, provided, however, that the Company may not assign its obligations under this Agreement without the written consent of the Majority Note Holders.

• The Company covenants to the Holder that, from the date hereof until the earlier of its IPO or until all amounts owing hereunder have been paid in full or this Note has been converted, the Company shall not, without the prior written consent of the Majority Note Holders, make any declaration or payment of dividends or other distributions, redemption or repurchase or any other payment on or with respect to any Company Equity Securities other than the Notes.

More Definitions of Majority Note Holders

Majority Note Holders means the Note Holders of a majority of the aggregate principal amount of outstanding Registrable Notes; provided, however, that whenever the consent or approval of the Note Holders of a specified percentage of Registrable Notes is required hereunder, Registrable Notes directly or indirectly held by the Company shall be disregarded in determining whether such consent or approval was given by the Note Holders of such required percentage or amount; and provided, further, that whenever the consent or approval of Note Holders of Registrable Notes is required hereunder with regard to matters related to a registered underwritten or similar offering or with regard to matters pertaining to a Registration Statement, Registrable Notes held by Note Holders not participating in such registered underwritten or similar offering, or Registrable Notes not registered pursuant to such Registration Statement (or, at any time prior to the filing of a Subject Registration Statement and after the determination to file such Subject Registration Statement is made, Registrable Notes whose Note Holders have not requested that such Registrable Notes be included in such Subject Registration Statement), as the case may be, shall be disregarded in determining whether such consent or approval was given by the Note Holders of such required percentage or amount.

Majority Note Holders means, as of any time of determination, Note Holders holding more than 50% of the aggregate principal amount of outstanding Series A Note Obligations and Shelf Note Obligations.

Majority Note Holders means the holders constituting at least a majority of the then-outstanding principal amount of the Notes.

Majority Note Holders means the holders of a majority in interest of the aggregate

Majority Note Holders means the Purchasers holding Notes representing more than fifty percent (50%) of the total Outstanding Principal Amount of all Notes in the aggregate.

Majority Note Holders means the holders of a majority in interest of the principal of the Senior Subordinated Notes then outstanding.

Majority Note Holders means the holders owning at least fifty-one percent (51%) of the then outstanding aggregate principal amount of all Notes issued under the Purchase Agreement.