Majority LC Participants definition

Majority LC Participants means LC Participants whose Pro Rata Shares aggregate 51% or more.

Majority LC Participants means, at any time, LC Participants whose Pro Rata Shares aggregate 51% or more.

Majority LC Participants means LC Participants whose Pro Rata Shares aggregate more than 50%.

Examples of Majority LC Participants in a sentence

• Without limiting the foregoing, neither the Issuer, the LC Bank nor any LC Participant shall have any right of action whatsoever against the Administrator as a result of the Administrator acting or refraining from acting under this Agreement or any of the other Transaction Documents in accordance with the instructions of the Issuer and the Majority LC Participants (or, where expressly required hereunder, the Required LC Participants or all of the LC Participants).

• Upon any such resignation, the Majority LC Participants shall have the right to appoint a successor LC Agent.

• Upon any such resignation, the Issuer and the Majority LC Participants shall have the right to appoint a successor Administrator approved by the Seller (which approval will not be unreasonably withheld or delayed).

• MVAIf a Fire Dispatcher does not have a 1st due unit showing appropriate manpower through Iamresponding from a department within THREE (3) minutes, Section 7.1 “Dispatch of Alarm” will be repeated.

• Subject to the terms set forth herein, the Administrator, the LC Bank and the Majority LC Participants hereby waive any violation of Section 2(b) of Exhibit IV to the Agreement arising solely from the failure of Black Beauty Coal Company, LLC to provide thirty (30) days prior written notice to the Administrator prior to changing the location of its books and records relating to Receivables from 0000 Xxxxx Xxxxx Xxxx., Xxxxxxxxxx, XX 00000 to 000 Xxxxxx Xx., Xx. Xxxxx, XX 00000-0000.

More Definitions of Majority LC Participants

Majority LC Participants means, at any time, the LC Participants who at such time are not Defaulting Purchasers and whose Commitments aggregate more than 50% of the Commitments of all LC Participants at such time who are not Defaulting Purchasers.

Majority LC Participants means, at any time, (i) if fewer than three (3) LC Participants are then a party to this Agreement, all LC Participants and (ii) otherwise, the LC Participants whose Commitments aggregate more than 66 2/3% of the Commitments of all LC Participants at such time; provided that so long as Regions’ Pro Rata Share of the Commitments are not less than its Pro Rata Share of the Commitments as of the Closing Date, the Majority LC Participants shall include Regions.

Majority LC Participants means, at any time, the LC Participants whose Commitments aggregate more than 50% of the Commitments of all LC Participants at such time.

Majority LC Participants means as of any date, (a) if there are two (2) or fewer LC Participants, all LC Participants and (b) if there are more than two (2) LC Participants, LC Participants whose aggregate Percentage Shares equal or exceed sixty-six and two-thirds percent (66-2/3%).

Majority LC Participants means, at any time, the LC Participants whose Commitments aggregate more than 50% of the Commitments of all LC Participants at such time; provided, that so long as the aggregate of Commitments of all LC Participants in any Purchaser Group is greater than 50% of the aggregate of the Commitments of all LC Participants in all Purchaser Groups, then “Majority LC Participants” shall mean the LC Participants, in a minimum of two Purchaser Groups, whose Commitments aggregate more than 50% of the aggregate of the Commitments of all LC Participants in all Purchaser Groups.

Majority LC Participants means LC Participants whose Pro Rata Shares aggregate more than 50%. “Majority Purchaser Agents” means, at any time, the Purchaser Agents which in their related Purchaser Group have Related Committed Purchasers whose Commitments aggregate more than 50% of the aggregate of the Commitments of all Related Committed Purchasers in all Purchaser Groups; provided, however, in the event that the Majority Purchasers include equal to or fewer than two (2) Purchasers at any time, then Majority Purchasers shall mean all Purchasers. “Material Adverse Effect” means an event or circumstance that would, individually or in the aggregate, have a material adverse effect on: (a) the assets, operations, business or financial condition of Parent and its Subsidiaries, taken as a whole, (b) the ability of any of all of the Parent, the Originators, the Seller and Servicer to perform their obligations under this Agreement or any other Transaction Document to which such Person is a party, taken as a whole, (c) the validity or enforceability of any of the Transaction Documents, or the validity, enforceability or collectability of the Pool Receivables, taken as a whole, or (d) the status, perfection, enforceability or priority of the Administrator’s, any Purchaser’s or the Seller’s interest in the Pool Assets, taken as a whole. “Maximum Incremental Purchase” means, on any date, the additional incremental increase in the Aggregate Capital that would cause the Aggregate Capital plus the Total Reserves to equal the Net Receivables Pool Balance. “Minimum Dilution Reserve” means, on any day, the product of (a) the sum of (i) the Aggregate Capital plus (ii) the Adjusted LC Participation Amount, and (b) the Minimum Dilution Reserve Percentage on such date. “Minimum Dilution Reserve Percentage” means, at any time, the product (expressed as a percentage) of (a) the 12-month rolling average of the Dilution Ratio at such time multiplied by (b) the Dilution Horizon Ratio as of such date.

Majority LC Participants means LC Participants whose Pro Rata Shares aggregate 51% or more. First Amended and Restated Receivables Purchase Agreement (Xxxxx Receivables Funding, LLC)