Majority Purchasers definition

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 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

• No modification, alteration, waiver or change in any of the terms of this Agreement shall be valid or binding upon the parties hereto unless made in writing and duly executed by the Company and the Majority Purchasers.

• 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 Purchasers (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 resignation shall not become effective until a successor agent is appointed by the Majority Purchasers and has accepted such appointment.

• The Administrator shall take such action concerning a Termination Event or Unmatured Termination Event as may be directed by the Majority Purchasers unless such action otherwise requires the consent of all Purchasers), but until the Administrator receives such directions, the Administrator may (but shall not be obligated to) take such action, or refrain from taking such action, as the Administrator deems advisable and in the best interests of the Purchasers and Purchaser Agents.

• The Administrative Agent shall in all cases be fully justified in failing or refusing to take action under any Transaction Document unless it shall first receive such advice or concurrence of the Purchasers or the Majority Purchasers, as the case may be, and assurance of its indemnification by the Purchasers, as it deems appropriate.

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 8.8.

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 voting power of the outstanding Shares.

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

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