Controlling Parties definition

Controlling Parties means (a) so long as any Senior Obligations are outstanding, the Senior Secured Parties and (b) after the Senior Obligations have been paid in full and so long as any Junior Lien Obligation remains outstanding, the Junior Secured Parties.

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Controlling Parties means, at any time:

Controlling Parties means controlling parties according to the Notification of the SEC

Examples of Controlling Parties in a sentence

After the occurrence and during the continuation of an Event of Default, if the Administrative Agent (at the direction of the Controlling Parties) shall not have given investment directions to the Collateral Agent pursuant to Section 8.2(b) for three consecutive days, the Collateral Agent shall seek instructions from the Administrative Agent.
If an Event of Default shall have occurred and be continuing, the Controlling Parties or the Administrative Agent (acting at the direction of the Controlling Parties) may exercise (or direct the Collateral Agent in the exercise of) the rights, privileges and remedies set forth in this Section 6.2.
Unless and until the Controlling Parties have exercised their right to direct the liquidation of the Collateral pursuant to this Article VI, all proceeds received in respect of the Collateral will be applied in accordance with the Priority of Payments specified in Section 9.1(a).
The Collateral Agent (for itself and on behalf of the other Secured Parties), acting at the direction of the Controlling Parties through the Administrative Agent, shall have all of the rights and remedies of a secured party under the UCC and other applicable law.
Each Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document or any other document furnished in connection herewith or therewith in accordance with a request of the Majority Lenders or the Controlling Parties (or the Administrative Agent), as applicable, and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders.

More Definitions of Controlling Parties

Controlling Parties means a Majority of the Lenders.

Controlling Parties means if the party is a:

Controlling Parties means, prior to Payment In Full, the Required Lenders, and, thereafter, the Majority Holders.

Controlling Parties means, at any time, if any Loans are outstanding at such time or any Revolving Commitments remain in effect, (i) the Administrative Agent, (ii) the Lenders holding more than 50%, collectively, in respect of the sum of (a) the outstanding principal amount of Loans at such time and (b) the aggregate unutilized Revolving Commitments at such time and (iii) any Lender holding both (a) not less than 20% of the aggregate Undrawn Commitments and aggregate principal amount of all of the Loans outstanding at such time and (b) not less than $150,000,000 in Revolving Commitments at such time; provided that in determining whether the Controlling Parties have consented to or approved any action or inaction, (i) the vote of any Borrower Affiliated Lender shall not be taken into account and the outstanding principal amounts and aggregate unutilized commitments held by each Borrower Affiliated Lender shall be excluded from the calculations set forth above and (ii) the vote of any Defaulting Lender shall not be taken into account to the extent provided in Section 11.5(b)(ii). In determining whether each of the Collateral Agent and the Administrative Agent will be protected in relying upon any request, demand, authorization, notice, consent or direction of the Lenders under this Agreement, only Loans that an Administrative Officer of the Collateral Agent or the Administrative Agent, as applicable, actually knows are held by a Borrower Affiliated Lender will be disregarded.

Controlling Parties means, prior to the Discharge of Credit Agreement Obligations, the Required Lenders, and, thereafter, the Majority Holders.

Controlling Parties means (a) in the case of the Credit Agreement, (i) until the Credit Agreement has been Refinanced in full, the “Controlling Party” under and as defined in the Credit Agreement and (ii) if the Credit Agreement has been Refinanced in full and the Loan Insurer is not guaranteeing or insuring any other Insured Debt, the administrative agent under any successor credit facility (subject to the requirements thereunder regarding majority or supermajority lender voting) and (b) in the case of any other Insured Debt, the “Controlling Party”, “Directing Party” or analogous entity in respect of such other Insured Debt.

Controlling Parties means collectively The Baupost Group, L.L.C., AG Special Situations Corp. and ▇▇▇▇▇ ▇.