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.

Controlling Parties means, at any time:

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

Examples of Controlling Parties in a sentence

• 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.

More Definitions of Controlling Parties

Controlling Parties means controlling parties according to the Notification of the

Controlling Parties means if the party is a:

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

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 (i) with respect to an Event of Default resulting only from the failure to make a required payment on the Class B-3 Notes, (a) Majority Holders of the Class B-1 Notes, the Majority Holders of the Class B-2 Notes and the Majority Holders of the Class B-3 Notes and (b) the Note Insurer, but if a Note Insurer Default has occurred and is continuing, the Majority Holders of the Class A Notes, (ii) with respect to an Event of Default resulting only from the failure to make a required payment on the Class B-2 Notes and the Class B-3 Notes, (a) the Majority Holders of the Class B-1 Notes and the Majority Holders of the Class B-2 Notes and (b) the Note Insurer, but if a Note Insurer Default has occurred and is continuing, the Majority Holders of the Class A Notes (iii) with respect to an Event of Default resulting only from the failure to make a required payment on the Class B-1 Notes, the Class B-2 Notes and the Class B-3 Notes, (a) the Majority Holders of the Class B-1 Notes and (b) the Note Insurer, but if a Note Insurer Default has occurred and is continuing, the Majority Holders of the Class A Notes; and (iv) with respect to an Event of Default resulting from the failure to make a required payment on the Class A Notes, the Note Insurer, but if a Note Insurer Default has occurred and is continuing, the Majority Holders of the Class A Notes.

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

Controlling Parties. At any time, the Lenders representing amounts in excess of 50.00% of Outstanding Funded Loans at such time.