Required Class B Purchasers definition

Required Class B Purchasers means, at any time, Committed Purchasers having Commitments aggregating more than 66-2/3% of the Total Commitment.
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Required Class B Purchasers means Class B Purchasers holding more than 55% of the Class B Commitments (or, if two Class A Purchasers hold more than 55% of the Class B Commitments, at least three Class B Purchasers holding more than 55% of the Class B Commitments).
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Required Class B Purchasers means, at any time, Committed Purchasers and Liquidity Purchasers having Commitments aggregating greater than 50% of the Class B Purchase Limit.
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Examples of Required Class B Purchasers in a sentence

  • The Agent and the Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any of the other Related Documents in accordance with a request of the Required Class B Owners and the Required Class B Purchasers and such request and any action taken or failure to act pursuant thereto shall be binding upon all present and future Class B Purchasers.

  • If the Agent shall resign as Agent under this Agreement, then the Required Class B Purchasers and the Required Class B Owners shall appoint from among the Committed Class B Purchasers a successor agent for the Class B Purchasers.

  • Guidelines are not mandatory, but rather are recommendations for accomplishing a goal or on how to act in each situation.

  • In the event that the Agent receives such a notice, the Agent promptly shall give notice thereof to the Class B Owners and the Required Class B Purchasers.

  • None of the Agent or any of their respective directors, officers, agents or employees shall be liable for any action taken or omitted (i) with the consent or at the direction of the Required Purchasers, the Required Class A Purchasers or the Required Class B Purchasers, as the case may be, or (ii) in the absence of such Person’s gross negligence or willful misconduct.

  • The Agent shall take such action with respect to such event as shall be reasonably directed by the Required Class B Owners and the Required Class B Purchasers; PROVIDED that unless and until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the Class B Purchasers.

  • The Agent shall take such action concerning a Potential Termination Event as may be directed by the Required Purchasers (or, if otherwise required for such action, all of the Purchasers, or, if a Class B Enforcement Trigger exists, the Required Class B Purchasers), but until the Agent receives such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, as the Agent deems advisable and in the best interests of the Purchasers and Agent.

  • Except as otherwise expressly provided herein, no amendment or waiver hereof shall be effective unless signed by the Seller, the Servicers, the Agent, the Required Class A Purchasers and the Required Class B Purchasers.

  • The Agent shall take such action with respect to such event as shall be reasonably directed by the Required Class B Owners and the Required Class B Purchasers; provided that unless and until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such event as it shall deem advisable in the best interests of the Class B Purchasers.

  • No waiver of any provision hereof or consent to any departure by either party therefrom shall be effective without the written consent of the party that is sought to be bound, the Agent, the Required Class A Purchasers and the Required Class B Purchasers.


More Definitions of Required Class B Purchasers

Required Class B Purchasers means, the Class B Purchasers having outstanding Class B Notes and unused Class B Commitments representing at least a majority of the sum of the total outstanding Class B Notes and unused Class B Commitments until such time as the Class B Notes are repaid in full.
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Required Class B Purchasers means, on any day, Purchasers having, in the aggregate, Class B Voting Percentages of at least 66-2/3%.
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Required Class B Purchasers and "REQUIRED CLASS B OWNERS" shall have the respective meanings specified in Section 1.1 of the Class B Certificate Purchase Agreement.
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Required Class B Purchasers means, at any time, Committed Class B Purchasers having Commitments aggregating greater than 66-2/3% of the aggregate Commitments of all Committed Class B Purchasers.
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Required Class B Purchasers and "Required Class B Owners" shall have the respective meanings specified in Section 1.1 of the Class B Certificate Purchase Agreement.
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Related to Required Class B Purchasers

  • Required Class Lenders means, with respect to any Class on any date of determination, Lenders having more than 50% of the sum of (i) the outstanding Loans under such Class and (ii) the aggregate unused Commitments under such Facility.

  • Required Noteholders means Holders of Outstanding Notes evidencing more than 66 2/3% of the principal balance of the most senior Class of Notes Outstanding.

  • Required Consenting Noteholders means, as of the relevant date, the Consenting Noteholders then holding greater than fifty and one-tenth percent (50.1%) of the aggregate outstanding principal amount of Senior Notes Claims that are held by all Consenting Noteholders subject to the Restructuring Supporting Agreement as of such date.

  • Initial Class D Note Balance means $142,370,000.

  • Initial Noteholders shall have the meaning assigned to such term in the recitals.

  • Requesting Noteholders shall have the meaning ascribed thereto in Section 12.01 of the Indenture.

  • Class A Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class A Noteholders’ Interest Distribution Amount and the Class A Noteholders’ Principal Distribution Amount for that distribution date.

  • Class B Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class B Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Principal Distribution Amount for that distribution date.

  • Class D Noteholders means the holders of any Class D Notes from time to time.

  • Consenting Noteholders has the meaning set forth in the preamble to this Agreement.

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.

  • Certificateholders' Principal Distributable Amount means, with respect to any Distribution Date, an amount equal to zero until the outstanding principal amount of each Class of Notes has been reduced to zero, and thereafter, an amount equal to the Principal Distribution Amount (as reduced by the Noteholders’ Principal Distributable Amount, if any for such Distribution Date) for such Distribution Date.

  • Class E Note Balance means, at any time, the Initial Class E Note Balance reduced by all payments of principal made prior to such time on the Class E Notes.

  • Investor Certificates means the Class A Certificates, the Class B Certificates and the Collateral Interest.

  • Initial Class A-1 Note Balance means $265,000,000.

  • Certificateholders shall reflect the rights of Certificate Owners as they may indirectly exercise such rights through the Depository and participating members thereof, except as otherwise specified herein; provided, however, that the Trustee shall be required to recognize as a "Holder" or "Certificateholder" only the Person in whose name a Certificate is registered in the Certificate Register.

  • Class A Certificateholder The registered holder of a Class A Certificate.

  • Required Purchasers means the Purchasers holding a majority of the Registrable Securities.

  • Class E Noteholder means the Person in whose name a Class E Note is registered on the Note Register.

  • Class A-PO Certificateholder The registered holder of a Class A-PO Certificate.

  • Class E Notes has the meaning assigned to such term in the Indenture.

  • Initial Class C Note Balance means $152,941,000.

  • Class B Certificateholder means the Person in whose name a Class B Certificate is registered in the Certificate Register.

  • Class A-1 Noteholders Interest Carryover Shortfall” means, with respect to any Payment Date, the excess of the Class A-1 Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class A-1 Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Holders of Class A-1 Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Holders of Class A-1 Notes on the preceding Payment Date, to the extent permitted by law, at the Class A-1 Interest Rate for the related Interest Period.

  • Initial Class B Note Balance means $129,750,000.

  • Class A-2 Certificateholder The registered holder of a Class A-2 Certificate.