Majority Buyers definition

Majority Buyers means at any time a Buyer or Buyers then holding in excess of 50%of the then aggregate unpaid principal amount of the Notes.

Majority Buyers shall have the meaning specified in the Administration Agreement.

Majority Buyers means, at any time, (a) if there are no Purchased Assets under this Agreement, a Buyer or Buyers that have agreed to advance fifty-one percent (51%) or more of the Maximum Facility Amount in accordance with the terms and provisions of this Agreement; or (b) if there is any Purchased Asset under this Agreement, a Buyer or Buyers owed at least fifty-one percent (51%) of the then aggregate outstanding Purchase Price of all Purchased Assets, in each case, after subtracting the interest or interests owned by any Defaulting Buyer(s).

Examples of Majority Buyers in a sentence

• If no successor agent has accepted appointment as Collateral Agent by the date which is 30 days following a retiring Collateral Agent’s notice of resignation, the retiring Collateral Agent’s resignation shall nevertheless thereupon become effective and the Buyers shall perform all of the duties of the Collateral Agent hereunder until such time, if any, as the Majority Buyers appoint a successor agent as provided for above.

• If the Collateral Agent resigns under this Agreement, the Majority Buyers shall appoint from among the Buyers a successor agent for the Buyers, which successor agent shall be approved by the Company, such approval not to be unreasonably withheld.

• The Collateral Agent shall take such action with respect to such Default or Event of Default as may be requested by the Majority Buyers in accordance with this Agreement; provided, however, that unless and until the Collateral Agent has received any such request, the Collateral Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such default or Event of Default as it shall deem advisable or in the best interest of the Buyers.

• The Collateral Agent may, and at the request of the Majority Buyers shall, resign as Collateral Agent upon 30 days’ notice to the Buyers.

• The Collateral Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Transaction Document unless it shall first receive such advice or concurrence of the Majority Buyers as it deems appropriate and, if it so requests, it shall first be indemnified to its satisfaction by the Buyers against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

More Definitions of Majority Buyers

Majority Buyers. At any time, Buyers whose Buyer's Percentages aggregate at least 60%.

Majority Buyers has the meaning ascribed thereto in Section 5 hereof.

Majority Buyers has the meaning set forth in Section 3.4.

Majority Buyers means, for any day, the Buyers with aggregate Commitments evidencing sixty-six and two-thirds percent (66-2/3%) or more of (a) the aggregate Commitments if on that day the Buyers are committed to enter into Transactions under the Repurchase Agreement or (b) the aggregate outstanding Purchase Price if on or after that day the Buyers’ Commitments have expired or have been terminated and have not been reinstated.

Majority Buyers means, at any time, the Buyers whose Maximum Net Investments aggregate more than 50% of the Aggregate Maximum Net Investment; provided, however, that so long as the Maximum Net Investment of one Buyer is greater than 50% of the Aggregate Net Investment and there is more than one Buyer, then "Majority Buyers" shall mean a minimum of two Buyers.

Majority Buyers means a minimum of two Buyers.

Majority Buyers means, at any time, the Buyers whose