Majority Tranche B Lenders means, at any time, Tranche B Lenders whose Tranche B Commitments (or, after the Tranche B Commitments have terminated, the sum of such Tranche B Lenders’ Applicable Percentages of the Tranche B Obligations at such time) represent an amount greater than 50% of the aggregate Tranche B Commitment (or after termination thereof, the Tranche B Obligations at such time).
Majority Tranche B Lenders means at any time, Tranche B Lenders whose Tranche B Loans outstanding represent at least fifty-one percent (51%) of (a) the aggregate Tranche B Loans outstanding or (b) to the extent there are no Tranche B Loans outstanding, the aggregate of the Tranche B Commitments.
Majority Tranche B Lenders means Tranche B Lenders having at least 51% of the Tranche B Commitments;
Examples of Majority Tranche B Lenders in a sentence
Subject to the provisions of Section 17.14, all decisions taken by the Tranche B Lenders shall be taken as follows: a) if there are two Tranche B Lenders, by unanimous consent; b) if there are three or more Tranche B Lenders, by the Majority Tranche B Lenders.
More Definitions of Majority Tranche B Lenders
Majority Tranche B Lenders without the consent of all the Tranche B Lenders;
Majority Tranche B Lenders means the Lenders, at the time of determination, holding an aggregate of more than 66 2/3% of the Commitments in respect of Tranche B, or after the Drawdown Date, Tranche B then outstanding; provided that, if any Lender (or Affiliate of a Lender) is a Defaulting Lender, its Commitments shall not be included in the calculation of “Majority Tranche B Lenders”;
Majority Tranche B Lenders means at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the undrawn Tranche B Commitments at such date and (ii) outstanding principal amount of the Tranche B Loans (excluding Tranche B Loans held by Defaulting Lenders) at such date.
Majority Tranche B Lenders means Tranche B Banks and Tranche B Lender Groups holding greater than 50% of the Tranche B Obligations."
Majority Tranche B Lenders means the Majority Tranche Lenders -------------------------- with respect to Tranche B-($) and Majority Tranche Lenders with respect to Tranche B-(MC).
Majority Tranche B Lenders or "Requisite Lenders" or modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof, or (iv) waive any of the conditions precedent set forth in Section 6.01 hereof; (c) notwithstanding the foregoing, if default by COFC in the performance of any provision of this Agreement, or any other event or circumstance, 81 -77- would constitute an Event of Default under any of paragraphs (a), (b), (c), (d) or (l) of Section 9 hereof solely with respect to COFC or any of its Subsidiaries (other than COB or any of its Subsidiaries), then, except with respect to the matters relating to Tranche B-($) or Tranche B-(MC) identified in the lettered subclauses of clause (a) above (the modification, supplement or waiver of which shall require the consent of all of the Tranche B-($) Lenders or Tranche B-(MC) Lenders, as the case may be), such provision may be modified, supplemented or waived, and any such Event of Default may be waived, by an instrument in writing signed by the Borrowers and the Majority Tranche Lenders with respect to Tranche B-($) or Tranche B-(MC), as the case may be, or by the Borrowers and the Administrative Agent acting with the consent of the Majority Tranche Lenders with respect to Tranche B-($) or Tranche B-(MC), as the case may be; and (d) any modification or supplement of Section 10 hereof, or of any of the rights or duties of the Administrative Agent hereunder, shall require the consent of the Administrative Agent. For purposes of this Section 11.04 and Section 11.06(c) hereof, no modification, supplement or waiver relating to any of Sections 7, 8 and 9 of this Agreement shall be deemed to increase, or extend the term of, the Commitments under any Tranche. Anything in this Agreement to the contrary notwithstanding, if at a time when the conditions precedent set forth in Section 6 hereof to any Loan hereunder are, in the opinion of the Majority Lenders, satisfied, any Lender shall fail to fulfill its obligations to make such Loan (any such Lender, a "Defaulting Lender") then, for so long as such failure shall continue, the Defaulting Lender shall (unless the Borrowers and the Majority Lenders, determined as if the Defaulting Lender were not a "Lender" hereunder, shall otherwise consent in writing) be deemed for all purposes relating to amendments, modifications, waivers or consents under this Agreement (including, without limitation, under this...
Majority Tranche B Lenders at any time, Tranche B Lenders the then aggregate Lender's Percentages of which are more than 50%.