Majority Purchasers definition

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 Purchasers means Purchasers which, at any given time, hold greater than fifty percent (50%) of the outstanding Shares.

Majority Purchasers means a minimum of two Purchasers whose Commitments aggregate more than 50% of the aggregate Commitments.

Examples of Majority Purchasers in a sentence

• The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to clause (b) below) any action it is required to take or omit to take (i) under any Transaction Document or (ii) pursuant to written instructions from the Majority Purchasers (or, where expressly required or permitted by the terms of this Agreement, any number of the Purchasers).

• If the Administrative Agent delivers any such notice, the Majority Purchasers shall have the right, in consultation with the Company, to appoint a successor, which shall be (i) a Purchaser holding at least thirty percent (30%) of the outstanding Commitments or any Affiliate thereof or (ii) any other financial institution consented to by the Company (provided that the consent of the Company shall not be required to the extent an Event of Default has occurred and is continuing).

More Definitions of Majority Purchasers

Majority Purchasers means Purchasers which, at any given time, hold greater than fifty percent (50%) of the voting power of the outstanding Shares that have not been resold pursuant to an effective registration statement under the Securities Act or Rule 144 under the Securities Act.

Majority Purchasers has the meaning set forth in Section 8.12.

Majority Purchasers means Purchasers which, at any given time, hold greater than fifty percent (50%) of the voting power of the outstanding Shares.

Majority Purchasers means one or more Purchasers representing more than 50% of the aggregate Commitments of all Purchasers (or, if the Commitments have been terminated, Purchasers representing 100% of the aggregate outstanding Capital held by all the Purchasers); provided, however, that in no event shall the Majority Purchasers include fewer than two (2) Purchasers at any time when there are two (2) or more Purchasers.

Majority Purchasers means Purchasers having a share of the Aggregate Participation equal to or greater than 50%.

Majority Purchasers means Purchasers holding, at any time, a majority of the outstanding Shares purchased hereunder on such date.

Majority Purchasers means the Majority Revenue Participant and, if any of the Notes are outstanding, the Majority Note Purchaser.