Required Committed Purchasers definition

Required Committed Purchasers means, at any time, Committed Purchasers with Commitments in excess of 66-2/3% of the Purchase Limit.

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Required Committed Purchasers means Committed Purchasers representing more than 66 2/3% of the then outstanding Aggregate Commitment or, if the Aggregate Commitments have been reduced to zero, Committed Purchasers that represented more than 66 2/3% of the Aggregate Commitment immediately prior to such termination; provided that, subject to the terms of the relevant Program Support Agreement, so long as any Conduit Purchaser in any Purchaser Group holds any Investments hereunder, the Committed Purchasers in such Purchaser Group shall give any vote or direction hereunder only with the consent or at the direction of the related Purchaser Agent on behalf of such Conduit Purchaser.

Required Committed Purchasers is defined in the Transfer Agreement.

Examples of Required Committed Purchasers in a sentence

• If the Collateral Agent or a Managing Agent shall resign, then the Required Committed Purchasers, in the case of the Collateral Agent, or the Committed Purchasers of the related Purchaser Group, in the case of a Managing Agent during such five-day period shall appoint from among the Committed Purchasers, in the case of the Collateral Agent, or the Committed Purchasers of the related Purchaser Group, in the case of a Managing Agent, a successor agent.

• The Collateral Agent and the Managing Agents shall in all cases be fully protected in acting, or in refraining from acting, in accordance with a request of the related Conduit Purchasers or the Required Committed Purchasers or all of the Purchasers, as applicable, and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Purchasers.

• The parties hereto shall not waive a breach of any of the foregoing perfection representations, warranties or covenants without the prior written consent of the Collateral Agent (acting at the direction of the Required Committed Purchasers upon confirmation that such waiver will not result in a withdrawal or downgrade of the rating of the Commercial Paper of any Conduit Purchaser).

• Any additional Discount that has accrued after a Termination Event before the execution of a waiver thereof, solely as a result of the occurrence of such Termination Event, may be waived by the Agent at the direction of the Purchaser entitled thereto or, in the case of Discount owing to the Committed Purchasers, of the Required Committed Purchasers.

• The Administrative Agent may be removed at any time by a resolution of the Required Committed Purchasers, removing the Administrative Agent and appointing from among the Funding Agents a successor administrative agent, which successor administrative agent shall be approved by the Transferor and the Collection Agent (which approval shall not be unreasonably withheld), delivered to the Administrative Agent and the Collection Agent.

More Definitions of Required Committed Purchasers

Required Committed Purchasers means Committed Purchasers having Pro Rata Shares in the aggregate equal to more than 66 2/3% or, if the Commitments have been terminated, having more than 66 2/3% of the Net Investment; provided that the Commitment of any defaulting Committed Purchaser that has not paid all amounts due and owing by it in respect of Purchases it was obliged to make shall not be included in the Commitments for purposes of this definition.

Required Committed Purchasers means Committed Purchasers representing more than 66 2/3% of the then outstanding Aggregate Commitment or, if the Aggregate Commitments have been reduced to zero, Committed Purchasers that represented more

Required Committed Purchasers means, at any time, Committed Purchasers with Commitments in excess of seventy percent (70%) of the Purchase Limit.

Required Committed Purchasers or any other defined term used in such definitions, to the extent used in such definitions, (F) amend or modify this Section 10.02, (G) change the Net Investment held by any CP Conduit Purchaser or Committed Purchaser or create, with respect to any Committed Purchaser, any obligation for such Committed Purchaser to make any purchase allocable to another Related Group, (H) amend or waive any Termination Event described in Sections 7.01(e), 7.01(f), 7.01(j), 7.01(k), 7.01(l) and 7.01(n), (I) release or terminate any interest created hereunder in any Receivables or Related Security with respect thereto, or (J) amend or waive any provision of Section 2.12(a).

Required Committed Purchasers. At any time, Committed Purchasers with Liquidity Commitments in excess of 50% of the aggregate amount of all Liquidity Commitments.

Required Committed Purchasers is defined in the Transfer Agreement; provided, however, that “Required Committed Purchasers” shall be at least a majority of the Committed Purchasers (based on their respective Commitments).

Required Committed Purchasers means one or more Committed Purchasers which have Percentages in the aggregate greater than 50.0%.