Majority Secured Parties definition

Majority Secured Parties means any Secured Party or group of Secured Parties holding greater than sixty percent (60%) of the outstanding and unpaid principal of the Notes.

Majority Secured Parties means at any time, Lenders and Holders whose Loans and Holder Advances outstanding represent at least sixty-six and two thirds percent (66 2/3%) of (a) the aggregate Advances outstanding or (b) to the extent there are no Advances outstanding, the sum of the aggregate Holder Commitments plus the aggregate Lender Commitments.

Majority Secured Parties means at any time, Primary Financing Parties whose Financings outstanding represent at least fifty-one percent (51%) of (a) the aggregate Financings outstanding or (b) to the extent there are no Financings outstanding, the aggregate of the Primary Financing Party Commitments.

Examples of Majority Secured Parties in a sentence

• Notwithstanding the completion of any closing under this Agreement pursuant to Section 5.3 or 5.4, each condition precedent in connection with any such closing may be subsequently enforced by the Agent (unless such has been expressly waived in writing by the Agent (pursuant to instructions from the Majority Secured Parties)).

• Instructions given by the Instructing Group comprising the Relevant Majority Secured Parties or, as the case may be, the Relevant Majority Group shall be given in the manner described in this Clause 10.3.

• Notwithstanding the foregoing, if Lessor Advances have been made to the Agent to pay Transaction Expenses (including pursuant to Section 4.2 at a time when no Requisition has been submitted for such items), then (without funding such amounts to the Construction Agent) the Agent may pay such Transaction Expenses as the Agent shall reasonably determine or, if the Agent so desires, as directed by the Majority Secured Parties.

• Modern takes on the concept can be seen in Tunisia where, following Independence in 1956, a more modern society was imposed and the idea of Waqfa was introduced to connect the modern society with its rural roots, in order to reduce tribalism and division.

• Upon the occurrence and during the continuance of any other Event of Default, the Majority Secured Parties may determine to accelerate the obligation to repay the Lessor Advances, together with accrued but unpaid Lessor Yield thereon and all other amounts owing to the Secured Parties under the Operative Agreements.

More Definitions of Majority Secured Parties

Majority Secured Parties at any time means the Secured Parties holding at least a majority of the aggregate principal amount of the Notes then outstanding, which must include the consent of the Collateral Agent.

Majority Secured Parties means at any time the Lessor Parties (other than any Defaulting Lessor Party) whose Lessor Advances outstanding represent at least fifty-one percent (51%) of (a) the aggregate Lessor Advances outstanding or (b) to the extent there are no Lessor Advances outstanding, the aggregate Lessor Parties Commitment.

Majority Secured Parties has the meaning set forth in the Security Agreement.

Majority Secured Parties means, at any time, those Secured Parties whose Credit Participations at that time aggregate more than 66 2/3% per cent. of the total Credit Participations at that time.

Majority Secured Parties at any time means the Secured Parties holding at least sixty percent (60%) of the aggregate principal amount of the Securities purchased pursuant to the Purchase Agreement and then outstanding.

Majority Secured Parties means the holders of greater than 50% of the aggregate principal amount of, and unpaid accrued interest on, the Secured Obligations.

Majority Secured Parties shall have the meaning given to such term in Section 1.1 of the Intercreditor Agreement.