Majority Consenting Creditors definition

Majority Consenting Creditors means, at any time, Consenting Creditors who hold an aggregate outstanding principal amount of more than 50% of the outstanding principal amount of the Notes held in aggregate by all Consenting Creditors at that time.

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

Majority Consenting Creditors means, at any time, Consenting Creditors who hold an aggregate outstanding principal amount of more than 50% of the outstanding principal amount of the Existing Notes held in aggregate by the Consenting Creditors at the time.

Examples of Majority Consenting Creditors in a sentence

• New Notes Trustee To be appointed by the Majority Consenting Creditors Security Agent To be appointed by the Majority Consenting Creditors Amortization None Redemption Optional redemption NewCo may elect to purchase the New Notes, in whole or in part, at any time upon not less than 30 nor more than 60 days’ prior notice at a redemption price equal to 100% of their principal amount plus accrued and unpaid interest.

• No Indebtedness shall be transferred, novated or assigned as part of any such transfers unless approved by the Majority Consenting Creditors.NewCoNotwithstanding anything to the contrary in this Agreement or this Term Sheet, NewCo shall be a vehicle determined by the Majority Consenting Creditors after the completion of tax and structuring analysis by the Majority Consenting Creditors; provided, however, that such vehicle shall be incorporated outside of the United States.

• This Second Amendment shall not become effective unless and until it has been duly executed and delivered by the Company and the Majority Consenting Creditors.

• Any amendment or waiver of any term of this Agreement which is minor or technical only may be made by agreement in writing between the Company and Majority Consenting Creditors and any such amendment or waiver will be binding on all Parties , provided that ifsuch amendment is prejudicial to the interests of a Consenting Creditor, such amendment or waiver may only be made with the additional prior written consent of such Consenting Creditor.

• Once effective, this Agreement may not be modified, amended or supplemented except in a writing signed by the Company and the Majority Consenting Creditors.

More Definitions of Majority Consenting Creditors

Majority Consenting Creditors means those Consenting Creditors holding a majority in dollar amount of the aggregate outstanding principal amount of the Secured Parties Claims held by all Consenting Creditors.

Majority Consenting Creditors for the purpose of this Clause 16.2(e)(ii));

Majority Consenting Creditors means, at any time, Consenting Creditors who hold (in aggregate) more than 50% of the outstanding principal amount of the Notes held (in aggregate) by all Consenting Creditors at that time.

Majority Consenting Creditors means the Consenting Unsecured Creditors whose Locked-up Unsecured Debt in respect of the DOCA Companies, as calculated by the Administrators (acting reasonably), constitutes, in aggregate, greater than 50 per cent. of the Locked-up Unsecured Debt in respect of the DOCA Companies of all the Consenting Unsecured Creditors;

Majority Consenting Creditors means the Lenders under the Facility Agreement and the Facility Agreement;

Majority Consenting Creditors means, in respect of each Standstill Agreement, the Consenting Creditors who hold in aggregate no less than 50% of the outstanding principal amount of Offshore Indebtedness which is held by all the Consenting Creditors who are parties to that Standstill Agreement.3. During the Standstill Period:

Majority Consenting Creditors means one or more Consenting Creditors who individually or collectively hold more than fifty percent (50%) of the total principal amount of the Existing Debt Obligations from time to time, provided that after the Consenting Creditors Consummation Date it shall mean one or more Consenting Creditors who individually or collectively held more than fifty percent (50%) of the total principal amount of the Existing Debt Obligations immediately prior to the Consenting Creditors Consummation Date.