Majority Senior Lenders definition

Majority Senior Lenders means the Majority Lenders as defined in the Senior Facility Agreement.

Majority Senior Lenders as of any date of determination, the Senior Lenders holding more than 50% of the aggregate outstanding principal amount of the Senior Loan.

Majority Senior Lenders has the meaning given to the term “Instructing Group” (or equivalent) in the Senior Facilities Agreement. If, at any time, there is more than one Senior Facilities Agreement, any reference in this Agreement to the “Majority Senior Lenders” shall be construed so as to refer to the “Instructing Group” (or equivalent) under each such Senior Facilities Agreement (in each case, construed in accordance with the foregoing provisions of this definition, to the extent applicable).

Examples of Majority Senior Lenders in a sentence

• Notwithstanding anything to the contrary in Section 8.6 (Consultants) of the Common Terms Agreement, the Borrower shall appoint as any replacement Consultant prior to the Credit Agreement Discharge Date the Person designated by the Majority Senior Lenders (after consultation with the Borrower if no Event of Default exists).

• The occurrence of a Change of Control, unless the Majority Senior Lenders have given their prior written consent (not to be unreasonably withheld) to such Change of Control.

• The Borrower may, if it gives the Senior Agent not less than five Business Days' (or such shorter period as the Majority Senior Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of £1,000,000) of the Available Facility.

• The Obligors may pay, repay, redeem or acquire the Hedging Liabilities at any time if that action is a Permitted Payment or payment pursuant to Clause 8.1 (Acceleration and claim) or if the prior consent of the Majority Senior Lenders is obtained.

• In addition, the Majority Senior Lenders may at any time remove the Agent with cause by an instrument in writing delivered to the Borrower, each other Lender and the Agent, such removal to be effective upon the acceptance of the agency by the successor Agent.

More Definitions of Majority Senior Lenders

Majority Senior Lenders means at any time, the Senior Lenders holding in excess of 50.00% of the sum of (a) the aggregate undisbursed Senior Loan Commitments plus (b) the then aggregate outstanding principal amount of the Senior Loans (excluding in each such case any Senior Lender that is a Loan Party, an Equity Owner, or an Affiliate or Controlled Subsidiary thereof or an Affiliated Lender, and each Senior Loan Commitment and any outstanding principal amount of any Senior Loan of any such Senior Lender).

Majority Senior Lenders means those Lenders whose Senior Commitments then aggregate at least 662/3 per cent. of the Total Senior Commitments (or, if the Total Senior Commitments have been reduced to zero, aggregated more than 662/3 per cent. of the Total Senior Commitments immediately prior to such time).

Majority Senior Lenders has the meaning given to the term Majority Lenders in the Senior Facilities Agreement after the application of provisions in the Senior Facilities Agreement equivalent to:

Majority Senior Lenders means a majority in number of Affected Creditors representing at least two thirds in value of the Affected Creditors.

Majority Senior Lenders means at any time, the Senior Lenders holding in excess of 50.00% of the sum of (a) the aggregate undisbursed Senior Loan Commitments, plus (b) the aggregate Revolving LC Exposure, plus (c) the then aggregate outstanding principal amount of the Senior Loans (excluding in each such case any Senior Lender that is a Defaulting Lender, a Loan Party, an Equity Owner, or an Affiliate or Controlled Subsidiary thereof or an Affiliated Lender, and each Senior Loan Commitment, Revolving LC Exposure and any outstanding principal amount of any Senior Loan of any such Senior Lender).

Majority Senior Lenders has the meaning set forth in the Intercreditor Agreement.

Majority Senior Lenders means at any time, the Senior Lenders holding in excess of 50.00% of the sum of (a) the aggregate undisbursed Construction/Term Loan Commitments plus (b) the then aggregate outstanding principal amount of the Construction/Term Loans (excluding in each such case any Senior Lender that is a Defaulting Lender, a Loan Party, an Equity Owner, or an Affiliate or Controlled Subsidiary thereof or an Affiliated Lender (but not excluding, in each of the foregoing cases, Total Holdings in its capacity as a Senior Lender), and each Construction/Term Loan Commitment and any outstanding principal amount of any Construction/Term Loan of any such Senior Lender).