Combined Majority Lenders definition

Combined Majority Lenders means, as of any date of determination, lenders under the Credit Facilities holding in the aggregate more than 50% of the aggregate principal amount of the loans and commitments then outstanding under the Credit Facilities.
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Combined Majority Lenders shall have the meaning ascribed thereto in the Intercreditor Agreement.
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Combined Majority Lenders shall have the meaning ascribed thereto in the Intercreditor Agreement. "INTERCREDITOR AGREEMENT" shall mean the Intercreditor Agreement dated as of August 19, 1997 between the U.S. Agent and the Agent as the same may be modified, supplemented, amended and/or restated and in effect from time to time."
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Examples of Combined Majority Lenders in a sentence

  • Promptly upon receipt of such notice, the Agent (in consultation with the Combined Majority Lenders,) shall endeavor to adjust the Borrowing Base pursuant to the procedures set forth in Section 1.03(b) hereof.

  • Promptly upon receipt of such notice, the U.S. Agent (in consultation with the Combined Majority Lenders) shall endeavor to adjust the Borrowing Base pursuant to the procedures set forth in Section 1.03(b) hereof.

  • So long as the Borrower has any liability to the Lenders under the Facility Agreements and unless otherwise consented to by the Combined Majority Lenders, Xxxxxx International shall at all times with effect from Financial Close ensure that on a fully diluted basis its aggregate direct or indirect shareholding in the Borrower equals or exceeds 51% of the voting rights in the Borrower.

  • Promptly upon receipt of such notice, the U.S. Agent (in consultation with the Combined Majority Lenders) shall endeavor to adjust the Borrowing Base pursuant to the procedures set forth in the Funding Credit Agreement.

  • The determination by the U.S. Agent and the Lender Group or the Combined Majority Lenders, as the case may be, of the Borrowing Base for any Determination Period shall be made on the basis of parameters which may include the Present Value of Reserves attributable to Hydrocarbon Properties as set forth in the applicable Borrowing Base Report for such Determination Period, subject, however, to such adjustments as AMENDMENT NO.


More Definitions of Combined Majority Lenders

Combined Majority Lenders. The total of the Lenders and the Pulp Mill Lenders representing together at least 66 2/3 per cent. of the aggregate of unutilised commitments and outstanding advances under the Facility and the Pulp Mill Facility. When collecting a vote of the Lenders and the Pulp Mill Lenders, the voting rights of a Pulp Mill Lender, which does not respond within such period as is fixed by the Agent (being a period of at least five (5) Business Days) or, if requested by the Borrower, within thirty (30) Business Days from receipt of any request by the Borrower for a consent, waiver or amendment under the Financing Documents, will be disregarded in determining whether the required majority was achieved.
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Combined Majority Lenders. The total of the Lenders and the Blue Mill Lenders representing together at least 662/3 per cent. of the aggregate of unutilised commitments and outstanding advances under the Facility and the Blue Mill Facility. When collecting a vote of the Lenders and the Blue Mill Lenders, the voting rights of a Lender, which does not respond within such period as is fixed by the Agent (being a period of at least five (5) Business Days) or, if requested by the Borrower, within thirty (30) Business Days from receipt of any request by the Borrower for a consent, waiver or amendment under the Financing Documents, will be disregarded in determining whether the required majority was achieved.
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Combined Majority Lenders has the meaning ascribed thereto in the Security Pooling and Intercreditor Agreement.
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Combined Majority Lenders. At any time that any Tranche C Obligations are outstanding, the Tranche A Lenders (other than Delinquent Tranche A Lenders) and the Tranche C Lender, together holding 51% or more of the Combined A & C Commitments. At all other times, the Majority Lenders.
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Related to Combined Majority Lenders

  • Majority Lenders means a Lender or Lenders whose Commitments aggregate more than sixty six and two thirds per cent (66 2/3%) of the aggregate of all the Commitments.

  • Supermajority Lenders means Lenders having (a) 66.67% or more of the Commitments of all Lenders, or (b) if the Commitments have been terminated, 66.67% or more of the aggregate outstanding amount of the Revolving Credit Advances.

  • Required Lenders means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than 50% of the sum of the total Revolving Credit Exposures and unused Commitments at such time.

  • Majority Banks means at any time Banks holding more than 50% of the Commitments, or if the Commitments have been terminated, Banks holding more than 50% of the then aggregate unpaid principal amount of the Advances.

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.

  • Majority Facility Lenders with respect to any Facility, the holders of more than 50% of the aggregate unpaid principal amount of the Term Loans or the Total Revolving Extensions of Credit, as the case may be, outstanding under such Facility (or, in the case of the Revolving Facility, prior to any termination of the Revolving Commitments, the holders of more than 50% of the Total Revolving Commitments).

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.7

  • Supermajority means, with respect to any Class of Notes, the holders of at least 66-2/3% of the Aggregate Outstanding Amount of the Notes of such Class.

  • Required Banks means at any time Banks having at least 66 2/3% of the aggregate amount of the Commitments or, if the Commitments are no longer in effect, Banks holding at least 66 2/3% of the aggregate outstanding principal amount of the sum of the (i) Syndicated Loans and (ii) Money Market Loans.