Majority Financiers definition

Majority Financiers means at any time:
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Majority Financiers means Financiers whose Commitments for all Facilities aggregate at least 66.67% of the Total Commitments for all Facilities or, if the Commitments are cancelled, Financiers to whom at least 66.67% of the Principal Outstanding is owing (as calculated in accordance with clause 3.7);
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Majority Financiers has the meaning given in the OpCo Common Terms Agreement;
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Examples of Majority Financiers in a sentence

  • The Majority Financiers will have the right, in consultation with the Borrower, to appoint a successor Facility Agent on the resignation or removal of the Facility Agent in accordance with clause 21.22(a).

  • In the absence of any instructions from the Majority Financiers the Facility Agent may act or refrain from acting as it sees fit, provided it has used reasonable endeavours to obtain instructions from the Majority Financiers.

  • The Facility Agent will not be liable for acting or from refraining from acting in accordance with any instructions of the Majority Financiers.

  • In the event of the Liquidation of a Transaction Party (other than a solvent reconstruction, amalgamation, merger or consolidation that has previously been approved in writing by the Mezzanine Agent (acting on the instructions of the Majority Financiers)), each Guarantor authorises each Mezzanine Finance Party to prove for all money which any Guarantor has paid or is or may be obliged to pay under any Mezzanine Finance Document, any other document or agreement or otherwise in respect of the Secured Moneys.

  • Each of the Agent and the Security Trustee may refrain from exercising any Right vested in it under the Finance Documents until it has received instructions from the Majority Financiers (or, in the case of the Security Trustee, until it has received instructions from the Agent acting on the instructions of the Financiers as required under this document) as to whether it is to be exercised and, if applicable, the way in which it is to be exercised.

  • An Event of Default "subsists" until it has been remedied or waived in writing by the Agent (acting on the instructions of the Majority Financiers).

  • The Borrower must not Dispose of the Product to any person (a Third Party Purchaser) other than Macquarie Bank Limited without the prior written consent of the Agent (acting on the instructions of the Majority Financiers).

  • Where the Majority Financiers are required to agree and so agree, the Agent may execute and give effect to the amendment, supplement or waiver on behalf of all Financiers.

  • Each Obligor undertakes to each Finance Party, that the Obligor must, except to the extent otherwise agreed by the Finance Party in writing, without limiting its obligations under clause 11.10, maintain its assets in the manner that would be expected by a prudent person carrying on the business of the Group and do everything necessary or reasonably required by the Majority Financiers (acting reasonably and in good faith) to preserve and protect the assets.

  • Subject to this document, a Financier may not exercise a Right under clause 9.2 unless the Agent or the Security Trustee, as the case may be, has been instructed to exercise that Right by the Majority Financiers or the relevant Financier, as the case may be, under clause 9.2 and fails to do so within a reasonable time or within the time period stipulated in the Finance Documents.


More Definitions of Majority Financiers

Majority Financiers means, at any time, Financiers whose Exposures are more than 66 2/3 % of the total Exposures of all Financiers.
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Majority Financiers has the meaning given in the Syndicated Facility Agreement.
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Majority Financiers means Financiers having Commitments in aggregate greater than 66% of the Total Facility Limit.
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Related to Majority Financiers

  • Super-Majority Banks means at any time Banks having at least 85% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing at least 85% of the aggregate unpaid principal amount of the Loans.

  • Super Majority Lenders means at any time a Lender or group of Lenders whose Commitments aggregate more than 80% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 80% of the Total Commitments immediately prior to that reduction).

  • Requisite Majority means, as at any particular time, Passenger Operators whose Vehicle departures from the Station, expressed as a percentage of Total Departures, as at the relevant date, together are at least equal to the percentage specified in paragraph 4 of Annex 8 (or such other percentage as the ORR may specify by notice to the Station Facility Owner and to each Passenger Operator as the new percentage which is to apply for these purposes following the entry into, variation, amendment or termination of an access contract permitting a passenger service operator to use the Station, a Change in Control of any Passenger Operator or any event which results in a material change to the proportion of the Total Departures made by trains operated by or on behalf of any Passenger Operator);

  • Majority Investors means, as of any date, the holders of a majority of the Investor Shares outstanding on such date.

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.7

  • Note Majority means a majority by principal amount of the Noteholders.

  • Majority Purchasers means, at any time, Purchasers whose Commitments aggregate more than 66.67% of the aggregate of the Commitments of all Purchasers; provided, however, that so long as any Purchaser’s Commitment is greater than 66.67% of the aggregate Commitments, then “Majority Purchasers” shall mean a minimum of two Purchasers whose Commitments aggregate more than 66.67% of the aggregate Commitments.

  • Majority Term Lenders at any time, (a) if only one Term Lender holds the Term Loan, such Term Lender; and (b) if more than one Term Lender holds the Term Loan, at least two Term Lenders who hold more than 50% of the principal sum of all Term Loans outstanding; provided that the portion of the Term Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Term Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Majority Banks means at any time Banks holding more than 50% of the Commitments, or if the Commitments have been terminated, Banks holding more than 50% of the then aggregate unpaid principal amount of the Advances.

  • Majority Facility Lenders with respect to any Facility, the holders of more than 50% of the aggregate unpaid principal amount of the Term Loans or the Total Revolving Extensions of Credit, as the case may be, outstanding under such Facility (or, in the case of the Revolving Facility, prior to any termination of the Revolving Commitments, the holders of more than 50% of the Total Revolving Commitments).

  • special majority means the majority of votes described in §11.2 which is required to pass a special resolution. Act and Interpretation Act Definitions Applicable

  • Investor Majority means [the holders of at least [ ] per cent of Series A Shares from time to time] [Note: amend as appropriate];

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

  • Supermajority Banks means Banks having more than 75% of the sum of the Aggregate Commitments or, after the Revolving Credit Termination Date, more than 75% of the aggregate Revolving Loans outstanding (including funded participating interests in Swingline Loans).

  • Super Majority has the meaning set forth in paragraph 5(b) of Annex I.

  • Required Purchasers means the Purchasers holding a majority of the Registrable Securities.

  • Majority Lenders means a Lender or Lenders whose Commitments aggregate more than sixty six and two thirds per cent (66 2/3%) of the aggregate of all the Commitments.

  • Super Majority Vote means, the affirmative vote of the holders of Outstanding Interests of all Series representing at least two thirds of the total votes that may be cast by all such Outstanding Interests, voting together as a single class.

  • Majority Purchaser Agents means a minimum of two Purchaser Agents which in their related Purchaser Group have Related Committed Purchasers whose Commitments aggregate more than 50% of the aggregate Commitment of all Related Committed Purchasers in all Purchaser Groups.

  • absolute majority , of the Committee, means a majority of the committee members currently holding office and entitled to vote at the time (as distinct from a majority of committee members present at a committee meeting);

  • Supermajority Lenders means Lenders having (a) 66.67% or more of the Commitments of all Lenders, or (b) if the Commitments have been terminated, 66.67% or more of the aggregate outstanding amount of the Revolving Credit Advances.

  • Requisite Term Loan Lenders shall in no event mean less than two Term Loan Lenders.

  • Majority Revolving Lenders at any time, (a) if only one Revolving Lender holds the Total Revolving Commitments at such time, such Revolving Lender, both before and after the termination of such Revolving Commitment; and (b) if more than one Revolving Lender holds the Total Revolving Commitment, at least two Revolving Lenders who hold more than 50% of the Total Revolving Commitments (including, without duplication, the L/C Commitments) or, at any time after the termination of the Revolving Commitments when such Revolving Commitments were held by more than one Revolving Lender, at least two Revolving Lenders who hold more than 50% of the Total Revolving Extensions of Credit then outstanding (including, without duplication, any L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time)); provided that the Revolving Commitments of, and the portion of the Revolving Loans and participations in L/C Exposure and Swingline Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Supermajority means, with respect to any Class of Notes, the holders of at least 66-2/3% of the Aggregate Outstanding Amount of the Notes of such Class.

  • Supermajority Vote means the affirmative vote of at least seventy-five percent (75%) of the Members.

  • Majority Shareholder Vote means a vote of “a majority of the outstanding voting securities” (as such term is defined in the 0000 Xxx) of the Trust with each class and series of Shares voting together as a single class, except to the extent otherwise required by the 1940 Act or this Declaration with respect to any one or more classes or series of Shares, in which case the applicable proportion of such classes or series of Shares voting as a separate class or series, as the case may be, also will be required.