Majority Purchaser definition

Majority Purchaser has the meaning assigned to such term in the Note Purchase Agreement.

Majority Purchaser means holders of 50% of the then outstanding principal amount of the Notes, so long as such 50% includes Sxxxxxxxx Family Trust I as lead investor.

Majority Purchaser means, at any time, one or more Purchasers holding in the aggregate a Purchaser’s Share greater than 662/3% or as otherwise agreed to by each of the Purchasers.

Examples of Majority Purchaser in a sentence

• Each Purchaser Agent and the Administrator shall in all cases be fully justified in failing or refusing to take any action under any Transaction Document unless it shall first receive such advice or concurrence of the Majority Purchaser Agents (or in the case of any Purchaser Agent, the Purchasers within its Purchaser Group that have a majority of the aggregate Commitment of such Purchaser Group), and assurance of its indemnification, as it deems appropriate.

• Such Purchaser Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement in accordance with a request of such Majority Purchaser Agents, and such request and any action taken or failure to act pursuant thereto shall be binding upon all of such Purchaser Agent’s Purchasers.

• None of the Purchaser Agents, the Administrator or any of their respective directors, officers, agents or employees shall be liable for any action taken or omitted (i) with the consent or at the direction of the Majority Purchaser Agents (or in the case of any Purchaser Agent, the Purchasers within its Purchaser Group that have a majority of the aggregate Commitments of such Purchaser Group) or (ii) in the absence of such Person’s gross negligence or willful misconduct.

• Such resignation shall not become effective until (x) a successor Administrator is appointed by the Majority Purchaser Agents and has accepted such appointment and (y) so long as no Termination Event or Unmatured Termination Event has occurred and is continuing, the Seller and the Servicer shall have consented to such successor Administrator (such consent not to be unreasonably withheld or delayed).

• None of the Purchaser Agents, the Administrator or any of their respective directors, officers, agents or employees shall be liable for any action taken or omitted (i) with the consent or at the direction of the Majority Purchaser Agents (or in the case of any Purchaser Agent, the Purchasers within its Purchaser Group that have a majority of the aggregate Commitment of such Purchaser Group) or (ii) in the absence of such Person’s gross negligence or willful misconduct.

More Definitions of Majority Purchaser

Majority Purchaser shall have the meaning ascribed to such term in Section 5.1.

Majority Purchaser has the meaning set forth in the first paragraph of this Agreement.

Majority Purchaser shall have the meaning set forth in Section 7.3.

Majority Purchaser means any one or more of the Carlyle ------------------ Entities (as defined in Section 8.17 below) and any of their respective affiliates.

Majority Purchaser means a person who would acquire or move to a majority interest in the Company under clause 16.5;

Majority Purchaser has the meaning set forth in the Recitals.

Majority Purchaser for any Closing, means the Purchaser or Purchasers purchasing more than 50% of the aggregate principal amount of Initial Notes to be issued, subject to the satisfaction or waiver of the applicable conditions specified in Article V hereof, by the Company at such Closing.