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.

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

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

Examples of Majority Purchasers in a sentence

The Seller and the Administrative Agent (at the direction of the Majority Purchasers) shall instruct the Neutral Auditor to deliver its written determination of the correct calculation of the Buydown Gold Ounce and Buydown Premium to them no later than ten (10) Business Days after the dispute has been referred to it (or within any other period of time as mutually agreed between the Seller and the Administrative Agent).
Upon any such notice of substitution, the Majority Purchasers shall have the right, upon five (5) Business Days' notice to the Seller, to elect a replacement Administrative Agent pursuant to Section 2(b) of this Schedule F, subject to the approval of the Seller, such approval not to be unreasonably withheld.
Subject to the other provisions of this Schedule F, where the terms of this Agreement refer to any action to be taken by the Purchasers or to any such action that requires the consent or other determination of the Purchasers, the action taken by and the consent or other determination given or made by the Majority Purchasers shall, except to the extent that this Agreement expressly provides to the contrary, constitute the action or consent or other determination of the Purchasers.
Any waiver of, or consent to depart from, the requirements of any provision of this Agreement shall be effective only if it is in writing and signed by the Party giving it (except than the Administrative Agent, as directed by the Majority Purchasers, may provide a waiver by and on behalf of the Purchasers), and only in the specific instance and for the specific purpose for which it has been given.
The Administrative Agent (on direction from the Majority Purchasers) shall notify the Seller within five (5) Business Days of delivery of the Buydown Option Notice that the Purchasers agree with the calculation of the Buydown Gold Ounces and the Buydown Premium or they dispute such calculation, which notification shall in each case be deemed to bind the Purchasers.

More Definitions of Majority Purchasers

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

Majority Purchasers has the meaning set forth in Section 8.12.

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

Majority Purchasers means holders of 50% of the then outstanding principal amount of the Notes, so long as such 50% includes Puritan Partners LLC as lead investor.

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

Majority Purchasers means, at any time, the Purchasers holding at least 66-2/3% of the aggregate unpaid principal of the Notes and the aggregate unpaid stated amount of the Certificates.

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