Majority Super Senior Creditors definition

Majority Super Senior Creditors means, at any time, those Super Senior Creditors whose Super Senior Credit Participations at that time aggregate more than 50 per cent. of the total Super Senior Credit Participations at that time.
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Majority Super Senior Creditors means creditors holding more than 50% of the super senior credit participations under the Senior Secured Credit Facilities and certain designated super senior hedging, as determined in accordance with the Intercreditor Agreement.
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Majority Super Senior Creditors means those Super Senior Creditors whose Super Senior Credit Participations at that time aggregate more than 66 2/3 per cent. of the total Super Senior Credit Participations at that time.”
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Examples of Majority Super Senior Creditors in a sentence

  • IncludeDFARS Case 2010–D018 in the subject line of the message.Æ FAX: 703–602–0350.Æ Mail: Defense Acquisition Regulations System, Attn: Mrs.

  • This Agreement may be amended or waived only with the consent of the Creditor Representatives, the Majority Super Senior Creditors and the Required Pari Passu Creditors and the Security Agent.

  • In summary, clause 15 provides that when either the Majority Super Senior Creditors or the Majority Pari Passu Creditors wishes to issue Enforcement Instructions, the relevant Creditor Representative (i.e., one of the agents referred to in the description of the GLAS Defendants above) is required to send a copy of proposed instructions to the Security Agent at least 10 business days before issue (clause 15.2(b)).

  • The Collective Majority Super Senior Creditors may, if requested by more than 10 per cent.

  • In all but an enforcement context, the Instructing Group is constituted by the Majority Super Senior Creditors (meaning 66.7% of the SSRF creditors and the SSGF creditors) and the Majority Pari Passu Creditors (meaning 50% of the holders of the SSNs).

  • The Super Senior Bonds Agent shall, based on such results, determine the decision of the Collective Majority Super Senior Creditors and act as the Super Senior Representative if not replaced with another representative appointed by the Collective Majority Super Senior Creditors.(b) If, and for as long as, the New Super Senior Debt is larger than the Bonds, each of the Super Senior Creditors hereby irrevocably appoints the Super Senior Bonds Agent to act as Super Senior Representative.


More Definitions of Majority Super Senior Creditors

Majority Super Senior Creditors means, at any time, the Super Senior Creditors whose super senior credit participations at that time aggregate more than fifty per cent. (50.00%) of the total aggregate amount of the super senior credit participations at that time.
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Majority Super Senior Creditors means, at any time, the first in time to issue instructions to the Security Trustee of:
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Majority Super Senior Creditors means those Super Senior Creditors whose Super Senior Credit Participations at that time aggregate more than 66 2/3 per cent. of the total Super Senior Credit Participations at that time.” (b) The definition of “Super Senior Hedging Amount” of the Cabot Intercreditor Agreement is hereby amended to readas follows:
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Majority Super Senior Creditors means, at any time, those RCF Lenders and Hedge Counterparties whose Super Senior Credit Participations at that time aggregate more than 662/ % of the total Super Senior Credit Participations at that time.
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Majority Super Senior Creditors means, at any time:
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Related to Majority Super Senior Creditors

  • Second Lien Noteholders means the holders of Second Lien Notes.

  • Second Lien Notes Trustee “Second Lien Noteholder”, “High Yield Agent”, “HY Borrower”, “High Yield Creditor”, “High Yield Lender”, “Unsecured Agent”, “Unsecured Borrower”, “Unsecured Creditor”, “Unsecured Lender”, “Security Agent”, “Security Grantor”, “Senior Agent”, “Senior Arranger”, “Senior Borrower”, “Senior Creditor”, “Senior Guarantor”, “Senior Lender”, “Senior Secured Notes Guarantor”, “Senior Secured Notes Issuer”, “Senior Secured Notes Trustee”, “Senior Secured Noteholder”, “Subordinated Creditor”, “Permitted Affiliate Parent” or the “Company” shall be construed to be a reference to it in its capacity as such and not in any other capacity;

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);