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.

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Majority Consenting Creditors means: (a) the Majority Consenting Noteholders and (b) the Majority Participating Lenders.

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.

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.

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

• This Agreement may be terminated as to all Parties at any time by the mutual written agreement of the Company and the Majority Consenting Creditors.

• 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.

• Alternate directors [ , and ][persons previously appointed as per indication of the Majority Consenting Creditors] hereby assume as regular directors.

More Definitions of Majority Consenting Creditors

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, at any time, Consenting Creditors who hold (beneficially, as principal) an aggregate outstanding principal amount of more than 50 per cent of the outstanding principal amount of the Existing Notes held in aggregate by the Consenting Creditors at the time;

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 Consenting Creditors hereunder whose Consenting Debt constitutes more than 50.1 per cent. (in aggregate) of the Debt under the Existing Senior Notes Indentures held by all of the Consenting Creditors.

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.

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;