Directing Parties definition

Directing Parties means:
Directing Parties has the meaning set forth in the Collateral Trust Agreement.
Directing Parties means (a) if a Payment Default has occurred and is continuing, (i) the Required Holders if the payment is owing to the Noteholders, (ii) the Required Banks if the payment is owing under the Amended Credit Agreement, (iii) the Required Seasonal Lenders if the payment is owing under the Seasonal Line of Credit Agreement, or (iv) Old Kent if the payment is owing with respect to the Old Kent L/C Obligations , provided that if more than one of clauses (i), (ii), (iii) or (iv) are satisfied then (x) prior to the occurrence of a Directing Event Date with respect to any such Payment Default, the Directing Parties shall be the Creditor Parties set forth in each such clause that is so satisfied and (y) following the occurrence of a Directing Event Date but prior to the commencement of an Enforcement, any of the Creditor Parties set forth in any such clause that is so satisfied; (b) if an Enforcement has been commenced, Creditor Parties holding an aggregate outstanding principal amount of Creditor Obligations constituting 66 2/3% or more of the aggregate outstanding principal amount of all Creditor Obligations held by all Creditor Parties voting in connection with any proposal made pursuant to the terms of this Agreement; and (c) in the case of any other type of Event of Default, in the case of the resignation or removal of the Collateral Agent pursuant to subsection 8(g) hereof, in the case of a notification pursuant to subsection 8(k) hereof, in the case of any amendment or modification to the Security Documents or the Guaranty, or in the case that no Event of Default exists, the Required Holders, the Required Banks and (so long as the Seasonal Line of Credit Agreement is in effect) the Required Seasonal Lenders.

Examples of Directing Parties in a sentence

  • See Order Scheduling Status Conference and Directing Parties to Provide Additional Information at 2, 4-6 (Apr.

  • Joint Ruling of Assigned Commissioner and Assigned Administrative Law Judge Directing Parties to Provide Additional Recommendations for Further Procedural Action and Substantive Modifications to Decision 14-11-040 (Dec.

  • Because of Don’s original approach to any historical issue, however far removed from the history of Muscovy, Howard Zinn singled Don’s course in American history as one of the best he knew of.Don’s interests vary as widely in scale as they do in geography.

  • Responses of AT&T to ALJ Ruling Directing Parties to Supplement Record, dated December 8, 2011 (AT&T Dec.

  • On July 11, 2012, an Order Denying Opposed Motions for Eligibility Determination and Directing Parties to File Joint Stipulations (July 11 Order) was issued.

  • San Gabriel Response to E-mail Ruling of Administrative Law Judge Hazlyn Fortune Directing Parties to Address Environmental and Social Justice Issues, June 16, 2021, at 3.

  • On September 13, 2010, the Court entered an Order Directing Parties to File Joint Stipulation in Connection With Trustee's Motion to Compel (“Order”)(D.E. #546), wherein the Court directed the Trustee and the Law Firms to file a stipulation as to which JDA Parties each law firm represented and the timing of such representation.

  • In addition, the applicable Primary Holder Representative will promptly notify the Company and the Collateral Trustee of each change in the identity of the Directing Parties or any Primary Holder Representative.

  • While any Collateral or other property to be shared pursuant to this Agreement is held by the Collateral Trustee, the Collateral Trustee shall hold such Collateral or other property for the benefit of the Secured Parties in accordance with their respective interests therein and all matters relating to the management, operation, further disposition or any other aspect of such Collateral or other property shall be resolved by the agreement of the Directing Parties.

  • Staff is hoping to have the results by Stewart Elway on the community’s ideas in terms of public transportation.


More Definitions of Directing Parties

Directing Parties with respect to the Intercreditor Security Documents and all actions to be taken in connection therewith, the Required Lenders (as defined in the Credit Agreement) and, until the Merger Date, the Majority Lenders (as defined in the Interim Loan Agreement).
Directing Parties means the following:
Directing Parties. Request, Order or Instruction" means any request, order or instruction delivered to a Responsible Officer of the Collateral Agent signed by Secured Parties constituting not less than Directing Parties and certifying that the parties giving such direction represent either (i) not less than 51% of the Replacement LOC Obligations, (ii) not less than 51% of the LOC Obligations, (iii) not less than 66-2/3% of the outstanding aggregate principal amount of Senior Notes (or, if no Senior Notes (Sunbelt IDB) shall be outstanding of the outstanding, aggregate principal amount of Senior Notes (Other) and Convertible Notes, taken together), or (iv) not less than 66-2/3% of the outstanding aggregate principal amount of Senior Notes (Other) and Convertible Notes, taken together, and that such parties constitute Directing Parties for purposes of such request, order or instruction and are entitled to give such direction hereunder.

Related to Directing Parties

  • Instructing Party shall have the meaning assigned to such term in Section 6.3(a).

  • Contracting Parties has the meaning set forth in Section 9.14.

  • Customer Representative means the representative appointed by the Customer from time to time in relation to the Contract;

  • Principal’s Representative means the person nominated by the Principal or other person from time to time appointed in writing by the Principal to act as the Principal’s Representative for the purposes of the Contract.

  • Procurement Representative means the person authorized by ULA’s cognizant procurement organization to administer and/or execute this Contract.

  • Parent Representatives has the meaning set forth in Section 5.2(a).

  • Controlling Note Holder Representative shall have the meaning assigned to such term in Section 6(a).

  • Agency Representative A person assigned by a primary, assisting, or cooperating federal, state, local, or tribal government agency or private entity that has been delegated authority to make decisions affecting that agency’s or organization’s participation in incident management activities following appropriate consultation with the leadership of that agency. Area: The lands in a described geographic area that are managed and/or protected by the Parties within this Agreement.

  • Contractor’s Representative means the individual authorised to act on behalf of the Contractor for the purposes of the Contract.

  • Authority’s Representative means the individual authorised to act on behalf of the Authority for the purposes of the Contract.

  • Supplier Representative means the representative appointed by the Supplier from time to time in relation to this Framework Agreement;

  • Controlling Noteholder Representative shall have the meaning assigned to such term in Section 6(a).

  • Contractor Representative means that Person or Persons designated by Contractor in a written notice to Owner specifying any and all limitations of such Person’s authority, and acceptable to Owner, who shall have complete authority to act on behalf of Contractor on all matters pertaining to this Agreement or the Work including giving instructions and making changes in the Work. The Contractor Representative as of the Contract Date is designated in Section 2.2B.

  • Class Representatives means Xxxx X. Xxxxx, Xxxxxx X. Xxxxxx, Xxxxxxx X. Xxxxxx, Xxxxxxxx X. Xxxxx, Xxxxxx X. Xxxxxx, Xxxxxxx X. Xxxxxx, Xxxxxxx X. Xxxxxxx, and Xxxx Xxxxx.

  • Owner Representative means that Person or Persons designated by Owner in a written notice to Contractor who shall have complete authority to act on behalf of Owner on all matters pertaining to the Work, including giving instructions and making changes in the Work. The Owner Representative as of the Contract Date is designated in Section 4.9.

  • Owner’s Representative has the meaning given in Section 2.2.

  • Controlling Secured Parties means, with respect to any Shared Collateral, the Series of First Lien Secured Parties whose Authorized Representative is the Applicable Authorized Representative for such Shared Collateral.

  • Buyer Representatives shall have the meaning set forth in Section 6.4(a).

  • Issuer Representative means the person or persons at the time designated to act on behalf of the Issuer by written certificate furnished to the Company and the Trustee containing the specimen signatures of such person or persons and signed on behalf of the Issuer by its duly authorized agent. Such certificate may designate an alternate or alternates.

  • Seller Representatives has the meaning set forth in Section 5.8(a).

  • Financing Parties means Parties financing the Project, pursuant to Financing Documents.

  • Buyer’s Representatives has the meaning set forth in Section 6.02.

  • Project Representative means the individual(s), including but not limited to the Resident Engineer, to whom the Authority Representative has delegated Project responsibilities. If a Project Representative is appointed, the Project Representative represents the Authority Representative on the Project within the limits of that delegation with respect to any part of the Work.

  • Non-Controlling Note Holder Representative shall have the meaning assigned to such term in Section 6(c).

  • Supplier’s Representative means the representative appointed by the Supplier from time to time with overall responsibility for this Contract and notified to the Customer;