Required Financial Institutions definition

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

Required Financial Institutions means, at any time, collectively, the Financial Institutions with Commitments in excess of 66-2/3% of the aggregate Commitments.

Required Financial Institutions means, at any time, Financial Institutions with Commitments in excess of 50% of the Purchase Limit.

Examples of Required Financial Institutions in a sentence

• If for any reason no successor Agent is appointed by the Required Financial Institutions during such five-day period, then effective upon the termination of such five day period, the Purchasers shall perform all of the duties of the Agent hereunder and under the other Transaction Documents and Seller and the Servicer (as applicable) shall make all payments in respect of the Aggregate Unpaids directly to the applicable Purchasers and for all purposes shall deal directly with the Purchasers.

• If the Agent shall resign, then the Required Financial Institutions during such five-day period shall appoint from among the Purchasers a successor agent.

• The Agent shall in all cases be fully protected in acting, or in refraining from acting, in accordance with a request of Conduit or the Required Financial Institutions 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 Agent shall in all cases be fully protected in acting, or in refraining from acting, in accordance with a request of Company or the Required Financial Institutions 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.

• If the Agent shall resign, then the Required Financial Institutions during such five-day period shall appoint from among the Purchasers and the Managing Agents a successor agent.

More Definitions of Required Financial Institutions

Required Financial Institutions means, at any time, Financial Institutions with Commitments in excess of 50% of the Purchase Limit or, in the case of a Purchase Group, of the Group Purchase Limit; provided, that, so long as there are no more than two (2) Financial Institutions, Required Financial Institutions shall mean each of the Financial Institutions.

Required Financial Institutions means, at any time, Financial Institutions with Liquidity Commitments in excess of 50% of the aggregate Liquidity Commitments at such time.

Required Financial Institutions means, at any time, Financial Institutions with Commitments equaling 100% of the Purchase Limit.

Required Financial Institutions means, at any time, (a) if any Conduit holds any Purchaser Interests, the Managing Agent for each such Conduit and Financial Institutions with Back-Up Commitments equal to or greater than 50% of the Purchase Limit, and (b) if no Conduit holds any Purchaser Interests, Financial Institutions with Back-up Commitments equal to or greater than 50% of the Purchase Limit.

Required Financial Institutions means, at any time, Financial Institutions with Commitments in excess of 50% of the

Required Financial Institutions means, at any time, the Financial Institutions with Back-Up Commitments in excess of 66-2/3% of the aggregate of all Back-Up Commitments.

Required Financial Institutions means, at any time, Financial Institutions with Commitments in excess of 66-2/3% of the Maximum Loan.