Majority Secured Parties

Majority Secured Parties. Means, on any given date of determination, (a) holders (other than the Company or any of its Affiliates) of at least a majority in principal amount of the Bank Obligations on such date, PLUS (b) holders (other than the Company or any or its Affiliates) of at least a majority in principal amount of the Noteholder Obligations outstanding on such date.

Majority Secured Parties. Means any Secured Party or group of Secured Parties holding greater than sixty percent (60%) of the outstanding and unpaid principal of the Notes.