Common use of Majority Banks Clause in Contracts

Majority Banks. As of any date, the Banks holding at least fifty-one percent (51%) of the outstanding principal amount of the Notes on such date; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes at least fifty-one percent (51%) of the Total Commitment.

Appears in 5 contracts

Samples: Credit and Term Loan Agreement (Western Digital Corp), Revolving Credit Agreement (Hadco Acquisition Corp), Revolving Credit Agreement (Hadco Acquisition Corp Ii)

AutoNDA by SimpleDocs

Majority Banks. As of any date, the Banks holding at least fiftysixty-one six and two-thirds percent (5166 2/3%) of the outstanding principal amount of the Notes on such date; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes at least fiftysixty-one six and two-thirds percent (5166 2/3%) of the Total Commitment.

Appears in 4 contracts

Samples: Revolving Credit and Term Loan Agreement (Marcam Corp), Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Bangor Hydro Electric Co)

Majority Banks. As of any date, the Banks holding at least fifty-one -------------- percent (51%) of the sum of the outstanding principal amount of the Notes Loans plus ---- the unused portion of the Commitments on such date, plus the Maximum Drawing ----- Amount of Letters of Credit on such date; and if no such principal is Loans and Letters of Credit are outstanding, the Banks whose aggregate Commitments constitutes constitute at least fifty-one percent (51%) of the Total Commitment.

Appears in 3 contracts

Samples: Credit and Term Loan Agreement (Petro Stopping Centers Holdings Lp), And Term Loan Agreement (Petro Stopping Centers L P), Credit and Term Loan Agreement (Petro Stopping Centers L P)

Majority Banks. As of any date, the Banks holding at least fifty-fifty one percent (51%) of the outstanding principal amount of the Revolving Credit Notes on such date; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes at least fifty-fifty one percent (51%) of the Total Commitment.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Anacomp Inc), Revolving Credit Agreement (Answerthink Inc), Revolving Credit Agreement (Anacomp Inc)

Majority Banks. As of any date, the Banks holding at least fifty-one --------------- percent (51%) of the outstanding principal amount of the Notes on such date; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes at least fifty-one percent (51%) of the Total Commitment.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Fairfield Communities Inc), Credit Agreement (Fairfield Communities Inc)

Majority Banks. As of any date, the Banks holding at least fifty-one percent (51%) of the outstanding principal amount of the Notes on such dateDate; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes Commitment Percentages on such date together constitute at least fifty-one percent (51%) of the Total Commitment.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Trico Marine Services Inc), Credit Agreement (Trico Marine Services Inc)

Majority Banks. As of any date, the Banks holding at least fifty-one percent (51%) of the outstanding Outstanding principal amount of the Notes on such date; and if no such principal is outstandingOutstanding, the Banks whose aggregate Commitments constitutes constitute at least fifty-one percent (51%) of the Total Commitment.

Appears in 1 contract

Samples: Credit Agreement (Charlotte Russe Holding Inc)

Majority Banks. As of any date, except as otherwise provided below, the Banks holding at least fifty-one percent (51%) of the outstanding principal amount of the Revolving Credit Notes on such date; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes Commitment Amounts constitute at least fifty-one percent (51%) of the Total Commitment. MARGIN REGULATIONS. See Section 4.13 hereof. MATURITY DATE. June 25, 2001.

Appears in 1 contract

Samples: Revolving Credit Agreement (Staples Inc)

Majority Banks. As of any date, the Banks holding at least fiftysixty-one six and two-thirds percent (5166-2/3%) of the outstanding principal amount of the Notes on such date; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes constitute at least fiftysixty-one six and two-thirds percent (5166-2/3%) of the Total Commitment. MATURITY DATE. December 11, 1997.

Appears in 1 contract

Samples: Revolving Credit Agreement (HPSC Inc)

Majority Banks. As of any date, the Banks holding at least fifty-one percent (51%) of the outstanding principal amount of the Revolving Credit Notes on such date; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes at least fifty-one percent (51%) percent of the Total Commitment. the Loan Documents or (c) the ability of the Borrower or any of its Subsidiaries to perform their respective Obligations under the Loan Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Flextronics International LTD)

Majority Banks. As of any date, the Banks holding at least fifty-one sixty percent -------------- (5160%) of the outstanding principal amount of the Notes on such date; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes constitute at least fifty-one sixty percent (5160%) of the Total Commitment.

Appears in 1 contract

Samples: Revolving Credit Agreement (New England Business Service Inc)

Majority Banks. As of any date, the Banks holding at least fifty-one six percent (5156%) of the outstanding principal amount of the Revolving Credit Notes on such date; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes at least fifty-one six percent (5156%) of the Total Commitment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Moore Medical Corp)

Majority Banks. As of any date, the Banks holding at least fifty-one percent (51%) of the outstanding principal amount of the Notes on such date; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes at least fifty-one percent (51%) of the Total Commitment; PROVIDED, HOWEVER, that at any time when there are only two Banks party to this Credit Agreement, the term "Majority Banks" shall mean both such Banks.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Restaurant Group Inc)

AutoNDA by SimpleDocs

Majority Banks. As of any date, the Banks holding at least fiftysixty-one six and two-thirds percent (5166-2/3%) of the outstanding principal amount of the Notes on such date; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes constitute at least fiftysixty-one six and two-thirds percent (5166-2/3%) of the Total Commitment.

Appears in 1 contract

Samples: Credit Agreement (HPSC Inc)

Majority Banks. As of any date, the Banks holding at least fifty-one percent (51%) of the outstanding principal amount of the Notes on such date; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes constitute at least fifty-one percent (51%) of the Total CommitmentCommitment Amount.

Appears in 1 contract

Samples: Credit Agreement (Ionics Inc)

Majority Banks. As of any date, the Banks holding at least fifty-one sixty percent (5160%) of the outstanding principal amount of the Notes on such date; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes at least fifty-one sixty percent (5160%) of the Total Commitment.

Appears in 1 contract

Samples: Credit Agreement (New England Business Service Inc)

Majority Banks. As of any date, the Banks holding at least fiftysixty-one seven percent (5167%) of the outstanding principal amount of the Notes on such date; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes at least fiftysixty-one seven percent (5167%) of the Total Commitment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ionics Inc)

Majority Banks. As of any date, the Banks holding at least fifty-one percent (51%) of the outstanding principal amount of the Notes on such date; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes at least fifty-one percent (51%) of the Total Commitment. MAXIMUM OVERADVANCE AMOUNT. As of any date of determination, the amount set forth in ss.9.3.

Appears in 1 contract

Samples: Credit Agreement (Connectivity Technologies Inc)

Majority Banks. As of any date, the Banks any combination of Banks, excluding Delinquent Banks, holding at least fifty-one percent (51%) of the outstanding principal amount of the Notes on such date; and if no such principal is outstanding, the Banks whose aggregate Growth Loan Commitments constitutes and Revolving Credit Commitments constitute at least fifty-one percent (51%) of the Total Commitment.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Perkins Family Restaurants Lp)

Majority Banks. As of any date, the Banks holding at least fifty-one percent (51%) of the outstanding principal amount of the Notes Revolving Credit Note, plus the unused portion of the Commitments on such date; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes at least fifty-one percent (51%) of the Total Commitment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Decisionone Holdings Corp)

Majority Banks. As of any date, the Banks holding at least fifty-one -------------- percent (51%) of the outstanding principal amount of the Revolving Credit Notes on such datedate (including the unfunded portion of the Commitments); and if no such principal is outstanding, the Banks whose aggregate Commitments Commitment constitutes at least fifty-one percent (51%) of the Total Commitment.

Appears in 1 contract

Samples: Credit Agreement (Genesee & Wyoming Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!