Lender Majority definition

Lender Majority means the holder(s) of in excess of 50% of the total Loans that remain outstanding from time to time under this Agreement, excluding those held by the Future Fund;

Lender Majority means as of any given date, any one or more Lenders (excluding any Non-Voting Lenders) that, in the aggregate, hold more than 50% of the total outstanding Fractional Interests.

Lender Majority means one or more Lenders (including, unless otherwise expressly provided herein, Servicer or its affiliates to the extent they own Fractional Interests) that, in the aggregate, hold more than 50% of the total outstanding Fractional Interests.

Examples of Lender Majority in a sentence

• Any term or provision of this Warrant may be amended, modified or waived with the written consent of the Company and the Lender Majority.

• The Foreclosure Sale Notice shall also include either a notice to the Lenders of Servicers intention to conduct the Foreclosure Sale in accordance with the Default Bid Instructions outlined in subsection (d) below or a written proposal from the Servicer outlining alternative bidding instructions for approval by a Lender Majority.

• If the proposed sale is to Servicer or its affiliate, any Fractional Interests held by Servicer and its affiliates shall be disregarded for all purposes of calculating the Lender Majority.

• Lender acknowledges that the failure of Lender to take any action or to impede any action required to implement any action or directive approved by a Lender Majority pursuant to the terms of this Agreement is a breach of the terms of this Agreement and may result in legal action against Lender by Servicer and/or one or more Lenders to compel or enjoin such action and/or for any damages to the Servicer or the Lenders caused by Lender’s breach hereof.

• Servicer shall notify the Lenders of the adoption of the Majority Instructions promptly following Servicer’s receipt of the requisite approvals from the Lender Majority; however, the failure of Servicer to notify any Lender of the adoption of a Bid Proposal or the terms of the approved Majority Instructions prior to the Foreclosure Date, shall not affect the right of Servicer to take those actions required to implement the Majority Instructions at the time of the Foreclosure Sale.

More Definitions of Lender Majority

Lender Majority means those Lenders who have lent collectively to the Company over 50% of the Loan Amount.

Lender Majority means Lenders holding a majority of the Sharing Ratios held by all Lenders (other than with respect to any Units acquired by any Person pursuant to Section 3.7 of the Partnership Agreement, which shall be disregarded for purposes of determining any Lender’s Sharing Ratio and the calculation of any Lender Majority).

Lender Majority or "Lender Supermajority." Each Lender understands and agrees that if such Lender is a Defaulting Lender then notwithstanding any other provisions of this Agreement other than Section 9.4(b), such Lender shall not be entitled to vote on any matter requiring its consent or vote or to object to any matter requiring the consent or vote of all or any portion of the Lenders; provided, however, that all other benefits and obligations under the Loan Documents shall continue to apply to such Defaulting Lender except as may be expressly provided in this Agreement.

Lender Majority one or more lenders that alone or together represent the majority of the outstanding loan amounts of all Loan Agreements at the time the majority is formed;

Lender Majority means Initial Lenders representing Supporting Claims with an aggregate principal amount of more than 50% of the Supporting Claims held in aggregate by the Initial Lenders, provided that such majority shall include at least one Weighted Noteholder and one Weighted RCF Lender.

Lender Majority means any Lender(s) having an aggregate of not less than a sixty-six and two-thirds percent (66-2/3%) Percentage Interest and holding at least sixty-six and two-thirds percent (66-2/3%) of the then aggregate unpaid principal amount of the Advances.

Lender Majority means the holders of the Loans holding more than 50% of the outstanding principal amount of the Loans.] [Interest. The Loan bear interest at the rate of [ ] % per annum, Interest shall be calculated on the basis of a 365-day year and shall accrue daily commencing on the date of issuance of the Note until payment in full of the principal sum, together with all accrued and unpaid interest and other amounts which may become due hereunder.]1 [Term and Repayment. The Loan shall be repaid by the Company on [ ] ([ ] months from the date of this Note (the “Repayment Date”)[ (or such later date as may be agreed by the Company and the Lender/Lender Majority)], unless earlier converted as set forth below.]2