Common use of Holder Action Clause in Contracts

Holder Action. Whenever the Holders are entitled to act or refrain from acting, the Holders shall do so by the determination of the Majority-in-Interest of the Holders.

Appears in 2 contracts

Sources: Registration Rights Agreement (Kinetik Holdings Inc.), Membership Interest Purchase Agreement (Kinetik Holdings Inc.)

Holder Action. Whenever the Holders are entitled to act or refrain from acting, the Holders shall do so by the determination of the Majoritya majority-in-Interest interest of the then-outstanding number of Registrable Securities held by the Holders.

Appears in 1 contract

Sources: Registration Rights Agreement (Altus Midstream Co)