Majority of the Lenders definition

Majority of the Lenders means Lenders holding more than 50% of the Aggregate Commitment.
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Majority of the Lenders means Lenders with Commitments hereunder of not less than 60% of the Total Commitment, provided that the "Majority of the Lenders" means 100% of the Lenders for the purpose of voting in respect of any of the following matters:
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Majority of the Lenders refers to the Lenders that, at any time, jointly hold a percentage that is at least equal to fifty-one percent of the Lenders’ Share of the Credit, provided that they have the favorable vote of Nafin and Bancomext, for as long as said institutions remain the sole Lenders of the Credit.
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Examples of Majority of the Lenders in a sentence

  • Each of the Lenders hereby further covenants and agrees that upon any such written consent being given by the Majority of the Lenders, or upon a Lender or the Agent taking action as aforesaid, it shall cooperate fully with the Lender or the Agent to the extent requested by the Lender or the Agent in the collective realization including, without limitation, and, if applicable, the appointment of a receiver, or receiver and manager to act for their collective benefit.

  • Each of the Lenders hereby further covenants and agrees that upon any such written consent being given by the Majority of the Lenders, or upon a Lender or the Agent taking action as aforesaid, it shall cooperate fully with the Lender or the Agent to the extent requested by the Lender or the Agent in the collective realization including and, if applicable, the appointment of a receiver, or receiver and manager to act for their collective benefit.

  • No amendment, modification or waiver of any provision of this Agreement or consent by the Lenders to any departure from any provision of this Agreement is in any way effective unless it is in writing and signed by the Borrowers, in respect of an amendment or modification, and the Majority of the Lenders, in which event the amendment, modification, waiver or consent is effective only in the specific instance and for the specific purpose for which it is given.

  • The Majority of the Lenders may at any time waive any Default or Event of Default which may have occurred, provided that no such waiver shall extend to or be taken in any manner whatsoever to affect any subsequent Default or Event of Default or the rights or remedies resulting therefrom.

  • Each of the Lenders further covenants and agrees that upon any such written agreement by the Majority of the Lenders, it shall cooperate fully to the extent requested by the Administrative Agent or the Majority of the Lenders.

  • Until such time as such an amendment shall have been executed and delivered by the Borrower and the Agent (with the approval of the Lenders or the Majority of the Lenders, as applicable), all financial covenants, standards and terms in this Agreement shall continue to be calculated or construed as if such Accounting Changes had not occurred.

  • No such waiver shall be effective unless given by the Administrative Agent in writing with the consent of the Majority of the Lenders.

  • Upon any such resignation or termination, the Majority of the Lenders and the Borrowers shall have the right to appoint a successor Agent who shall be one of the Lenders.

  • Except as otherwise agreed to in writing by the Administrator and the Simple Majority of the Lenders or as provided in Section 9.03, each Lock-Box Account shall at all times be subject to a Lock-Box Agreement.

  • The U.S. Borrower will make and maintain without revocation an effective election under the Code to be treated as a corporation for United States federal income tax purposes; provided, however, the U.S. Borrower may fail to make such election or may revoke such election with the prior written consent of the Majority of the Lenders if such failure or revocation could not reasonably be expected to have a Material Adverse Effect.


More Definitions of Majority of the Lenders

Majority of the Lenders means the Lenders that at any time hold an overall percentage at least equal to 51% (fifty-one percent) of the Lenders’ Share of the Credit, provided that this has the favorable vote of Nafin and Bancomext, for as long as those institutions maintain the status of sole Lenders of the Credit.
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Majority of the Lenders means, at any time, two (2) or more Lenders which in the aggregate have issued Commitments hereunder representing two-thirds (66.67%) or more of the total amount of credit available under the Credit Facilities;
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Majority of the Lenders means a majority in interest of the Holders of the Notes.
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Majority of the Lenders means Lenders whose aggregate Lender's Loan Amount is more than 50% of the Loan Amount.
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Majority of the Lenders means a majority in interest of the Senior Notes and the Class B Notes.
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Related to Majority of the Lenders

  • 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.

  • 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.

  • Required Lenders means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than 50% of the sum of the total Revolving Credit Exposures and unused Commitments at such time.

  • Lenders shall include each Agent in its individual capacity.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.