Majority Benefited Parties definition

Majority Benefited Parties has the meaning specified in the Intercreditor Agreement.
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Majority Benefited Parties means (A) each Group which -------------------------- does vote as a class and (B) if any Group is not voting as a class, Benefited --- Parties, considered as a single class, holding a majority of the sum of the amounts referred to in clauses (I), (II) and (III) above. ----------- ---- -----
Sample 1
Majority Benefited Parties means (a) the Required Lenders, (b) the Required Noteholders and (c) the Required Future Debt Holders (if any), in each case voting as a separate class, provided that if at any time (I) the aggregate principal amount of all outstanding indebtedness under the Credit Agreement (including in the determination thereof all Hedging Exposure and Letter of Credit Usage) plus, at all times when a commitment to extend financing exists under the Credit Agreement and the Lenders do not have the right at such time immediately to terminate such commitment, the amount of all unused commitments under the Credit Agreement or (II) the aggregate principal amount of all outstanding indebtedness under the Note Agreements or (III) the aggregate principal amount of all outstanding Future Debt represents, in any such case, less than 10% of the sum of the amounts referred to in clauses (I), (II), and (III) above, then any such group referred to in clause (a), (b) or (c) which represents less than 10% of the sum of such amounts shall not vote as a separate class and "Majority Benefited Parties" shall mean (A) each group referred to in clause (a), (b) or (c) above which does vote as a separate class, and (B) the Benefited Parties, considered as a single class, holding more than 50% of the sum of the amounts referred to in clauses (I), (II) and (III), above.
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More Definitions of Majority Benefited Parties

Majority Benefited Parties has the meaning specified in the Intercreditor Agreement. "Permitted Liens" has the meaning specified in Section 3.1 of this Agreement. "Permitted Securitization" shall mean a "Permitted Securitization" under each of the applicable Financing Agreements. "Pledged Shares" means the shares of capital stock or other equity, partnership or membership interests described on Schedule D attached hereto and incorporated herein by reference, as such schedule may be amended, modified or replaced from time to time. "Prior Security Agreement(s)" is defined in Section 7.16 of this Agreement. "Proceeds" means any "proceeds," as such term is defined in Article or Chapter 9 of the UCC and, in any event, shall include, but not be limited to, (a) any and all proceeds of any insurance, indemnity, warranty or guaranty payable to an applicable Debtor from time to time with respect to any of the Collateral, (b) any and all payments (in any form whatsoever) made or due and payable to such Debtor from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the Collateral by any governmental authority (or any Person acting, or purporting to act, for or on behalf of any 5 <PAGE> governmental authority), and (c) any and all other amounts from time to time paid or payable under or in connection with any of the Collateral. "Records" is defined in Section 4.9 of this Agreement. "Security Documents" has the meaning specified in the Intercreditor Agreement. "Significant Domestic Subsidiary" shall mean any Significant Domestic Subsidiary under the Credit Agreement or the Future Debt Documents, as in effect from time to time. "Software" has the meaning specified in Section 2.1(g) of this Agreement. "Special Account" is defined in Section 6.3 of this Agreement. "Subsidiary" shall mean any Subsidiary under the Credit Agreement or under the Future Debt Documents, as in effect from time to time. "T & C Subsidiary" shall mean CAC (TCI) Ltd., a company established under the laws of the Turks and Caicos Islands. The T& C Subsidiary shall be considered and deemed to be, solely for purposes of the grant of a security interest and lien over all of its property described in Sections 2.1(i) and 2.1(k) of this Agreement and the maintenance of the Receiving Account established under Section 4.14(c) of this Agreement, a Debtor under this Agreement. "UCC" means the Uniform Commercial Code as in effect in the State of Michigan; provided, that ...
Sample 1
Majority Benefited Parties means on any date of determination the Lenders, considered as a single class, holding more than 50% of the sum of (i) the combined Commitments of the Revolver Lenders under the Revolver Credit Agreement (as defined therein on the date hereof, as may be reduced from time to time) or, if such Commitments are terminated, the aggregate unpaid principal amount of the Loans (plus the aggregate undrawn amount available for drawing letters of credit under the Revolver Credit Agreement and all unreimbursed payments and disbursements under such letters of credit) under the Revolver Credit Agreement, PLUS (ii) the aggregate unpaid principal amount of the Loans under the Casden Credit Agreement (as defined therein on the date hereof, as may be reduced from time to time), PLUS (iii) the aggregate unpaid principal amount of the Loans under the Term Credit Agreement (as defined therein on the date hereof, as may be reduced from time to time).
Sample 1
Majority Benefited Parties means (a) the Required Lenders under the Credit Agreement, and (b) Noteholders holding (or representing) at least 51% of the outstanding principal amount of the Senior Notes, each voting as a separate class, provided that if at any time the amount of the Credit Obligations or the aggregate outstanding principal amount of the Senior Notes represents less than 5% of the sum of the aggregate outstanding principal amount of the indebtedness evidenced by the Senior Notes and the amount of the Credit Obligations, then "Majority Benefited Parties" shall mean Benefited Parties, considered as a single class, holding more than 50% of the sum of (i) the outstanding principal amount of the Senior Notes, plus (ii) the outstanding amount of the Credit Obligations. Determination of the "amount of the Credit Obligations" shall be based on the commitments of the Lenders; provided that if an Event of Default shall exist such determination shall be based on the amount of the outstanding Credit Obligations.
Sample 1
Majority Benefited Parties means Benefited Parties, considered as a single class, holding more than 50% of the sum of (i) the outstanding principal amount of the Senior Notes, plus (ii) the outstanding amount of the Credit Obligations. Determination of the "amount of the Credit Obligations" shall be based on the commitments of the Lenders; provided that if an Event of Default shall exist such determination shall be based on the amount of the outstanding Credit Obligations.
Sample 1
Majority Benefited Parties means (a) the Required Lenders under the Credit Agreement, and (b) Noteholders holding (or representing) at least 51% of the outstanding principal amount of the Senior Notes, each voting as a class, provided that if at any time the aggregate outstanding principal amount of the indebtedness (including all Letters of Credit Usage) evidenced by the Credit Notes or the aggregate outstanding principal amount of the
Sample 1
Majority Benefited Parties means Benefited Parties, considered as a single class, holding more than 51% of the sum of (i) the outstanding principal amount of the Senior Notes, plus (ii) the outstanding principal amount of the Credit Notes.
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Related to Majority Benefited Parties

  • Benefited Parties means persons, firms, or corporations that enter into ancillary facilities with the authority according to the provisions of this act.

  • Benefited Party has the meaning specified in Section 15.01.

  • Majority in Interest of Noteholders means, as of a particular date of determination and subject to Section 2.16 of the Indenture, the holders of at least a majority in aggregate unpaid principal amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by the Company or any Affiliate thereof, it being understood that a Pass Through Trustee shall be considered an Affiliate of the Company as long as more than 50% in the aggregate face amount of Pass Through Certificates issued by the corresponding Pass Through Trust are held by the Company or an Affiliate of the Company or a Pass Through Trustee is otherwise under the control of the Company or such Affiliate of the Company (unless all Equipment Notes then outstanding are held by the Company or any Affiliate thereof, including the Pass Through Trustees which are considered Affiliates of the Company pursuant hereto)); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder, any Noteholder of an Equipment Note or Equipment Notes may allocate, in such Noteholder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action, vote, consent, waiver or instruction.

  • Benefited Lender shall have the meaning provided in Section 13.8(a).

  • Exculpated Claim means any claim related to any act or omission in connection with, relating to or arising out of the Debtors’ in or out-of-court restructuring efforts (including any and all actions associated with exploration and solicitation of financing/refinancing opportunities, sales or similar transactions, restructurings, the Chapter 11 Cases, formulation, preparation, dissemination, negotiation or filing of the Disclosure Statement or the Plan or any contract, instrument, release or other agreement or document created or entered into in connection with the Disclosure Statement or the Plan, the filing of the Chapter 11 Cases, the pursuit of confirmation of the Plan, the administration and implementation of the Plan, the issuance of the Series 2020 Note and the execution of 2020 Bond Documents, or the distribution of property under the Plan or any other related agreement; provided, however, that Exculpated Claims shall not include any act or omission that is determined in a Final Order to have constituted gross negligence, willful misconduct or fraud to the extent imposed by applicable non-bankruptcy law. For the avoidance of doubt, no Cause of Action, obligation or liability expressly established or preserved by the Plan or the Plan Supplement constitutes an Exculpated Claim.

  • Consenting Creditors has the meaning set forth in the preamble to this Agreement.

  • Majority in Interest of the Limited Partners means Limited Partners holding in the aggregate Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all Limited Partners.

  • Consenting Noteholders has the meaning set forth in the preamble to this Agreement.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Majority Noteholders means the Holders of a majority by principal amount of the most senior then outstanding class of Notes.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Required Consenting Noteholders means, as of the relevant date, the Consenting Noteholders then holding greater than fifty and one-tenth percent (50.1%) of the aggregate outstanding principal amount of Senior Notes Claims that are held by all Consenting Noteholders subject to the Restructuring Supporting Agreement as of such date.

  • Interests of the beneficiaries means the beneficial interests provided in the terms of the trust.

  • Administrative Claim Bar Date means the deadline for filing requests for payment of Administrative Claims, which shall be 30 days after the Effective Date.

  • Expected Claim Notice means a notice that, as a result of a legal proceeding instituted by or written claim made by a third party, an Indemnified Party reasonably expects to incur Damages for which it is entitled to indemnification under Article VI.

  • Majority in Interest of the Partners means Partners holding in the aggregate Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all Partners entitled to Consent to or withhold Consent from a proposed action.

  • Requisite Creditors of any Class shall mean each of (x) with respect to the Credit Document Obligations, the Required Banks and (y) with respect to the Other Obligations, the holders of at least a majority of all obligations outstanding from time to time under the Interest Rate Protection Agreements or Other Hedging Agreements.

  • Instituting Noteholders has the meaning set forth in Section 7.6(a) of the Indenture.

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

  • Noteholder Claims means all Obligations in respect of the Notes or arising under the Noteholder Documents or any of them, including all fees and expenses of the Trustee thereunder.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Majority in Interest of Note Holders means as of a particular date of determination, the holders of a majority in aggregate unpaid Original Amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by Owner or any of its Affiliates (unless all Equipment Notes then outstanding shall be held by Owner or any Affiliate of Owner); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder, any Note Holder of an Equipment Note or Equipment Notes may allocate, in such Note Holder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action, vote, consent, waiver or instruction.

  • Administrative Claims Bar Date means the deadline for Filing requests for payment of Administrative Claims, which: (a) with respect to Administrative Claims other than Professional Fee Claims, shall be 30 days after the Effective Date; and (b) with respect to Professional Fee Claims, shall be 45 days after the Effective Date.

  • Majority Revolving Credit Lenders means Lenders having more than 50% of the sum of all Revolving Credit Loans outstanding, LC Exposure and unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the aggregate outstanding amount of all Revolving Credit Loans and LC Exposure, held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Credit Lenders.

  • Other Priority Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.