Majority of Participants definition

Majority of Participants means seventy-five percent (75%) of the number of Participants (or Beneficiaries, in the case of a deceased Participant) who are or may become entitled to benefits under the Arrangement(s) listed on Attachment A of this Trust Agreement.
Sample 1
Majority of Participants means those Participants whose (i) value of vested benefits under the Arrangements exceed 75% of the vested benefits of all Participants, and (ii) number exceeds 75% of the number of all vested Participants.
Sample 1
Majority of Participants means more than fifty percent (50%) of participants with vested benefits under the Plans, determined on a present value basis in accordance with the actuarial assumptions, mortality rates and discount rates in effect under each Plan at the time of such determination.
Sample 1

Examples of Majority of Participants in a sentence

  • If Lender and Participant cannot agree upon a mutually acceptable course of action, then the decision of the Majority of Participants shall determine what actions shall be taken or Lender shall have the right (but not the obligation) to purchase the Percentage Interest of each Participant who has voted against the course of action, recommended by Lender in accordance with this Section 9.2, at the price equal to the Purchase Price (as defined in Section 11.1 below).

  • Notwithstanding the foregoing, in the event the Lender deems it necessary to incur Expenses in excess of the aggregate amount of $25,000.00, then the prior written consent of a Majority of Participants shall be required for the payment of any Expenses in excess of the aggregate amount of $25,000.00; provided, however, such consent of a Majority of Participants shall not be required in an Emergency Situation.

  • If Lender acquires the Collateral through a foreclosure or UCC sale, Participant shall have an undivided interest in the Collateral equal to its Percentage Interest in the Loan and title shall be taken in such manner as a Majority of Participants shall determine.

  • Subsequent to a Change in Control, the Trustee may only be removed by Peet’s with the consent of a Majority of Participants (as defined in Section 14(a)(2).

  • This Trust Agreement may not be amended by Peet’s following a Change in Control without the written consent of a Majority of Participants (as such term is defined in Section 14(a)(2).

  • In the event Participant fails to furnish Lender at the time called for an Advance with immediately available funds equal to its Participation Percentage of such Advance for Extraordinary Expenses, and if applicable, approved previously by a Simple Majority of Participants as described in Section 4.6(c), and provided that such failure is in no way through fault of or error by Lender, Lender shall have the right, but not the obligation, to advance such funds on behalf of Participant.


More Definitions of Majority of Participants

Majority of Participants means 50% of the Participants or their Beneficiaries who have a vested account balance in the Arrangements under this Trust Agreement.
Sample 1
Majority of Participants means Participants whose vested account balance(s) under the Plan exceed 50% of the aggregate liabilities under the Plan.
Sample 1

Related to Majority of Participants

  • Majority Participants means the Holder(s) of more than 50% of the Outstanding VMTP Shares.

  • CDS Participants means a broker, dealer, bank or other financial institution or other person for whom CDS effects book-entry transfers and pledges of Deposit Notes under the Book-Entry System.

  • L/C Participants the collective reference to all the Revolving Lenders other than the Issuing Lender.

  • Participants is defined in Section 12.2.1.

  • Book Entry Participants means institutions that participate directly or indirectly in the Depository’s book entry registration system for the Warrants;

  • Rights Offering Participants means those Persons who duly subscribe for Rights Offering Shares in accordance with the Rights Offering Procedures.

  • Book Entry Only Participants means institutions that participate directly or indirectly in the Depository’s book entry registration system for the Warrants;

  • Eligible Directors means, with respect to a Regulated Fund and a Potential Co-Investment Transaction, the members of the Regulated Fund’s Board eligible to vote on that Potential Co-Investment Transaction under Section 57(o) of the Act (treating any registered investment company or series thereof as a BDC for this purpose).

  • Administrator/Benchmark Event means, in relation to any Benchmark, the occurrence of a Benchmark Modification or Cessation Event, a Non-Approval Event, a Rejection Event or a Suspension/Withdrawal Event all as determined by the Issuer.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • Special Retirement means an Optionee’s termination of employment or service with the Employers and Affiliates on or after the later of (i) the Optionee’s attainment of age 62 and (ii) the Optionee’s Early Retirement Date or Normal Retirement Date, as such terms are defined in the Telephone and Data Systems, Inc. Pension Plan.

  • Section 16 Participants means Participants who are subject to the provisions of Section 16 of the Exchange Act.

  • Administrator/Benchmark Event Date means, in respect of an Administrator/Benchmark Event, the date on which the authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register is (i) required under any applicable law or regulation; or

  • Disability retirement for plan 1 members, means the period

  • Eligible Participants means persons who, at a particular time, are employees, officers, consultants, or directors of the Company or its subsidiaries;

  • Direct Participants means each person shown in the records of the Clearing Systems as a holder of the Securities;

  • Program Participants means, for any CRP, the Centers (other than the Lead Center for such CRP) and any Partner receiving funding for activities under such CRP that are funded by the CGIAR Fund.

  • Lower Tier Participant refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • CDS Participant means a broker, dealer, bank or other financial institution or other person for whom, from time to time, CDS effects book entries for the Units deposited with CDS.

  • Notice to Participants means a communication sent by or on behalf of BSEF to all Participants as described in Rule 310.

  • Project Participants means the entities and professionals assembled by the Applicant or Co-Applicants to own, develop and manage the project, including, but not limited to the Applicant or Co-Applicant, Project Sponsor, the Equity Investor, contractor, property manager and Consultant.