Majority Investors

Majority Investors. Shall mean, as of any date, the holders of a majority of the Investor Shares outstanding on such date.

Majority Investors. And include the Avalon Major Investor and the MPM Major Investor; provided, however, that to the extent that any of the foregoing ceases to hold shares of Series A Preferred Stock, Series B Preferred Stock or Series C Preferred Stock, such entity shall no longer be a Majority Investor

Majority Investors. (i) at any time there are two or fewer Committed Investors, all Committed Investors, and (ii) at any time there are three or more Committed Investors, those Committed Investors that hold Commitments aggregating in excess of fifty percent (50%) of the Facility Limit as of such date (or, if the Commitments shall have been terminated, the Investors whose aggregate pro rata shares of the Net Investment exceed fifty percent (50%) of the Net Investment)

Majority Investors. The meaning given in the Series 1 Convertible Subordinated Debentures, issued in connection herewith