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Common use of Majority in Interest Clause in Contracts

Majority in Interest. “Majority-in-Interest” means the Members owning more than fifty percent (50%) of the Percentage Interests.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (ICG Knott County, LLC), Operating Agreement (Calgon Carbon Corporation), Operating Agreement (Calgon Carbon Corporation)

Related Clauses

  • Majority Control
  • Majority Banks
  • Majority Lenders
  • Control by Majority
  • Majority of the Certificates Control

Parent Clauses

  • Action by the Majority in Interest
  • DEFINITIONS
  • Subscribers Powers
  • Miscellaneous
  • Lenders Powers

Sub-Clauses

  • Waiver of Jury Trial and Setoff; Consent to Jurisdiction; Etc
  • Governing Law
  • Rights and Remedies Not Waived
  • Distributions and Payments
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