Majority Tranche A Lenders definition

Majority Tranche A Lenders means, at any time, Tranche A Lenders whose Tranche A Commitments (or, after the Tranche A Commitments have terminated, the sum of such Tranche A Lenders’ Applicable Percentages of the Tranche A L/C Obligations at such time) represent an amount greater than 50% of the aggregate Tranche A Commitments (or after termination thereof, the Tranche A L/C Obligations at such time).

Majority Tranche A Lenders means Tranche A Lenders having at least 51% of the Tranche A Commitments;

Majority Tranche A Lenders or “Majority Tranche B Lenders” or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent of each Lender directly affected thereby; or

Examples of Majority Tranche A Lenders in a sentence

• If the Majority Tranche A Lenders and the Majority Tranche B Lenders have not collectively appointed a successor Finnvera Facility Agent within thirty (30) days of the delivery of any notice of termination or resignation as set forth above, the Finnvera Facility Agent (with the consent of the Borrower, which consent shall not be unreasonably withheld or delayed) may appoint a successor Finnvera Facility Agent.

• The Borrower will cooperate and deliver such document and provide such information as may be reasonably requested by the Majority Tranche A Lenders, the Majority Tranche B Lenders, the Administrative Agent or the Appraiser with respect to the determination of the Required FMV Ratio.

• Upon any such resignation, the Majority Tranche A Lenders shall have the right, upon five Business Days' notice to the Borrower, to appoint a successor Administrative Agent (who shall not be a non-resident of Canada within the meaning of the Income Tax Act), subject to the approval of the Borrower, such approval not to be unreasonably withheld.

• If the Majority Tranche B Lenders and the Majority Tranche A Lenders have not collectively appointed a successor Finnvera Facility B Agent within thirty (30) days of the delivery of any notice of termination or resignation as set forth above, the Finnvera Facility B Agent (with the consent of the Borrower, which consent shall not be unreasonably withheld or delayed) may appoint a successor Finnvera Facility B Agent.

• If the Majority Revolving Credit Lenders, the Majority Tranche A Lenders or the Majority Tranche C Lenders, as the case may be, notify the Agent prior to the proceeds of such borrowing being made available to the Borrower or prior to the issuance of such Letter of Credit (as the case may be) that there is a reasonable basis to doubt the accuracy of the calculations referred to in the preceding sentence, such borrowing or such issuance (as the case may be) shall not occur.

More Definitions of Majority Tranche A Lenders

Majority Tranche A Lenders means Tranche A Lenders holding at -------------------------- least 51% of the aggregate outstanding principal amount of the Tranche A Term Loans or, if the Tranche A Term Loans shall not have been made, at least 51% of the Tranche A Term Loan Commitments.

Majority Tranche A Lenders without the consent of all the Tranche A Lenders;

Majority Tranche A Lenders means Tranche A Banks and Tranche A Lender Groups holding greater than 50% of the Tranche A Obligations."

Majority Tranche A Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the undrawn Tranche A Commitments at such date and (ii) outstanding principal amount of the Tranche A Loans (excluding Tranche A Loans held by Defaulting Lenders) at such date.

Majority Tranche A Lenders at any time, Tranche A Lenders the then aggregate Lender’s Percentages of which are more than 50%.

Majority Tranche A Lenders. Majority Tranche B Lenders", "holder of Note" or any similar terms shall, unless the context clearly otherwise indicates, include the Administrative Agent in its individual capacity. The Administrative Agent may accept deposits from, lend money to, and generally engage in any kind of banking, trust or other business with the Borrower or any Affiliate of the Borrower as if it were not performing the duties specified herein, and may accept fees and other consideration from the Borrower for services in connection with this Agreement and otherwise without having to account for the same to the Lenders.

Majority Tranche A Lenders and "Required Lenders" and any similar terms shall, unless the context clearly otherwise indicates, include JPMorgan Chase Bank, Toronto Branch in its capacity as a Lender hereunder. The Administrative Agent may accept deposits from, lend money to, and generally engage in any kind of banking, trust, financial advisory or other business with the Borrower or any affiliate of the Borrower as if it were not performing the duties, if any, specified herein, and may accept fees and other consideration from the Borrower for services in connection with this Agreement and otherwise without having to account for the same to the Lenders. Furthermore, each Lender, the Borrower and the Parent (i) acknowledges that XXXxxxxx Xxxxx Xxxx, Xxxxxxx Branch, is administrative agent and collateral agent under each of this Agreement, the Tranche B-Term Loan A Credit Agreement and the Tranche B-Term Loan B Credit Agreement, and that conflicts may arise as a result of such multiple roles, and (ii) waives and releases JPMorgan Chase Bank, Toronto Branch, from all liability whatsoever resulting from any such conflict.