Common use of Majority Lenders Clause in Contracts

Majority Lenders. Lenders holding, in the aggregate, not less than sixty-six and two-thirds of one percent (66 ⅔%) of the Committed Amount or, if no such principal amount is then outstanding, not less than sixty-six and two-thirds of one percent (66 ⅔%) of the Commitment Percentages.

Appears in 3 contracts

Samples: Loan Agreement (KBS Real Estate Investment Trust, Inc.), Loan Agreement (KBS Real Estate Investment Trust II, Inc.), Loan Agreement (KBS Real Estate Investment Trust III, Inc.)

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Majority Lenders. Lenders holdingholding Notes representing, in the aggregate, not less than sixty-sixty six and two-thirds of one sixty seven hundredths percent (66 ⅔%66.67%) of the Committed Amount or, if no such principal amount is then outstanding, Lenders representing not less than sixty-sixty six and two-thirds of one sixty seven hundredths percent (66 ⅔%66.67%) of the Commitment Percentages.

Appears in 2 contracts

Samples: Construction Loan Agreement (Saul Centers Inc), Construction Loan Agreement (Saul Centers Inc)

Majority Lenders. Lenders holding, in the aggregate, holding not less than sixty-six and two-thirds of one percent (66 ⅔%2/3%) of the Committed Amount then aggregate outstanding unpaid principal amount of the Loan or, if no such principal amount is then outstanding, not less than sixty-six and two-thirds of one percent (66 ⅔%2/3%) of the Commitment PercentagesRevolving Commitment.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Saul Centers Inc), Revolving Credit Agreement (Saul Centers Inc)

Majority Lenders. Lenders holding, in the aggregate, not less than sixty-six and two-thirds of one percent (66 ⅔%2⁄3%) of the Committed Amount or, if no such principal amount is then outstanding, not less than sixty-six and two-thirds of one percent (66 ⅔%2⁄3%) of the Commitment Percentages; provided, notwithstanding the foregoing, if at any time there are two or more Lenders, at least two Lenders holding an aggregate of not less than 66 2⁄3% of the Committed Amount shall be required to constitute the Majority Lenders.

Appears in 1 contract

Samples: Loan Agreement (KBS Real Estate Investment Trust III, Inc.)

Majority Lenders. Lenders holding, in the aggregate, holding not less than sixty-six and two-thirds of fifty one percent ---------------- (66 ⅔%51%) of the Committed Amount then aggregate outstanding unpaid principal amount of the Loan or, if no such principal amount is then outstanding, not less than sixty-six and two-thirds of fifty one percent (66 ⅔%51%) of the Commitment PercentagesRevolving Commitment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Saul Centers Inc)

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Majority Lenders. Lenders holding, in the aggregate, not less than sixtyfifty-six and two-thirds of one percent (66 ⅔%51.0%) of the Committed Amount orAmount; provided, notwithstanding the foregoing, if no such principal amount is then outstandingat any time there are two or more Lenders, at least two Lenders holding an aggregate of not less than sixty-six and two-thirds of one percent (66 ⅔%) 51.0% of the Commitment PercentagesCommitted Amount shall be required to constitute the Majority Lenders.

Appears in 1 contract

Samples: Loan Agreement (KBS Strategic Opportunity REIT II, Inc.)

Majority Lenders. As of any date, the Lenders holding, in the aggregate, not less than holding at least sixty-six and two-thirds of one percent (66 ⅔%2/3%) of the Committed Amount or, outstanding principal amount of the Notes on such date; and if no such principal amount is then outstanding, not less than the Lenders whose aggregate Commitments constitutes at least sixty-six and two-thirds of one percent (66 ⅔%2/3%) of the Commitment PercentagesTotal Commitment.

Appears in 1 contract

Samples: Credit Agreement (Starter Corp)

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