Required Funding Agents definition

Required Funding Agents means, at any time, Funding Agents that are Affiliates of Alternate Investors that hold Commitments aggregating at least 67% of the Maximum Net Investment as of such date (or, if the Commitments shall have been terminated, one or more Funding Agents that are Affiliates of Alternate Investors whose aggregate pro rata shares of the Net Investment exceeds 67% of the aggregate share of the Net Investment held by all Alternate Investors).
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Required Funding Agents means (a) if there are two or fewer Funding Agents, each Funding Agent, except in the case of the declaration of the Facility Termination Date, in which case the “Required Funding Agents” shall be either Funding Agent, and (b) if there are three or more Funding Agents, (i) prior to the payment in full of the Class A Loans, the Funding Agents representing Lender Groups holding 50% of the Class A Commitments or, for purposes of Article VII, Funding Agents that represented 50% of the Class A Commitments immediately prior to such termination and (ii) at or after the Class B Addition Date, Funding Agents representing Lender Groups holding 50% of the Class B Commitments or, for purposes of Article VII, Funding Agents that represented 50% of the Class B Commitments immediately prior to such termination; provided that, in each case if the Scheduled Commitment Facility Termination Date has occurred with respect to a Committed Lender, for purposes of this definition and Clause 11.1 (Amendments, Etc.) such Committed Lender shall be deemed to have a Class A Commitment or Class B Commitment, as applicable, equal to the sum of the outstanding Principal Balance of its Class A Loans or Class B Loans, respectively.
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Required Funding Agents means at any time (a) Funding Agents for Lender Groups including Lenders then holding at least 66 2/3% of the Total Outstanding Advances or (b) if no Advances are outstanding, Committed Lenders whose Commitments total at least 66 2/3% of the aggregate of all Commitments at such time.
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Examples of Required Funding Agents in a sentence

  • The Project’s deliverables are outlined in Exhibit A, and may have a positive economic impact on the state of Indiana.

  • At any time after the occurrence of an Amortization Event, the Agent (with the consent of the Required Funding Agents) may, or may direct Seller or the Master Servicer to, notify the Obligors of Receivables, at Seller’s expense, of the ownership or security interests of the Purchasers under this Agreement and may also direct that payments of all amounts due or that become due under any or all Receivables be made directly to the Agent or its designee.

  • The Administrative Agent shall take such action concerning a Facility Event or any other matter hereunder as may be directed by the Required Funding Agents (subject to the other provisions of this Clause 8), but until the Administrative Agent receives such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, as the Administrative Agent deems advisable and in the best interests of the Lenders.

  • With the written consent of the Administrative Agent and the Required Funding Agents, the Master Servicer (or at the direction of the Master Servicer, the related Sub-Servicer) may in its discretion waive any charge or any other fee that may be collected in the ordinary course of servicing a Pledged Student Loan.

  • Upon receipt by the Servicer and the Seller of such written notice, subject to the terms of this Section 4.02, all authority and power of the Servicer respecting its mortgage servicing rights and duties under this Agreement, shall pass to and be vested in the successor servicer appointed by the Required Funding Agents (a "Successor Servicer").

  • The Servicer, upon receipt of such notice of termination, may negotiate the transfer, sale and assignment of its interest under this Agreement to any Successor Servicer so appointed by the Required Funding Agents.

  • The Indenture Trustee shall not extend, terminate, waive, amend or otherwise modify the terms of any Pledged Student Loan, except pursuant to Section 7.03(a), or, without the prior written consent of the Administrative Agent and the Required Funding Agents, extend, terminate, waive, amend or otherwise modify the terms of any other Transaction Document.

  • Unless any action to be taken by the Administrative Agent under a Transaction Document (a) specifically requires the advice or concurrence of all the Funding Agents or Committed Lenders or (b) specifically provides that it be taken by the Administrative Agent alone or without any advice or concurrence of any Funding Agent, then the Administrative Agent may (and shall, to the extent required hereunder) take action based upon the advice or concurrence of the Required Funding Agents.

  • Straus presented Approval of Revised Criteria for the Dorothy Beardmore Service to Education Award.

  • Except as provided below, such resignation shall not become effective until a successor Administrative Agent is appointed by the Required Funding Agents (with the consent of the Servicer, such consent not to be unreasonably withheld or delayed) and has accepted such appointment.


More Definitions of Required Funding Agents

Required Funding Agents means (i) at any time prior to the Facility Termination Date, Funding Agents whose related Committed Purchasers have Commitments at such time which, in the aggregate, exceed sixty-six and two thirds percent (662/3%) of the sum of the Commitments of all Committed Purchasers hereunder at such time; provided, however, that for purposes of this definition, the aggregate Capital of the Purchasers in a Purchaser Group at such time shall be deemed to be the Commitments of the Committed Purchasers in such Purchaser Group at such time and will not include those Commitments attributable to a Non-Renewing Committed Purchaser in such Purchaser Group or (ii) from and after the Facility Termination Date, Funding Agents whose related Purchasers hold Capital at such time which, in the aggregate, exceeds sixty-six and two thirds percent (662/3%) of the Aggregate Capital hereunder at such time.
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Required Funding Agents means the Funding Agents for the Purchaser Groups having aggregate Purchaser Group Limits in excess of fifty percent (50%) of the Maximum Purchase Limit.
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Related to Required Funding Agents

  • Managing Agents as defined in the preamble hereto.

  • Funding Agent or "agents" means an investment firm, trust bank, or other financial

  • L/C Issuer means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder.

  • Acquired Fund means any investment company in which the Fund invests or has invested during the previous fiscal year. The “Total Annual Fund Operating Expenses” and “Net Annual Fund Operating Expenses” will not match the Fund’s gross and net expense ratios reported in the Financial Highlights from the Fund’s financial statements, which reflect the operating expenses of the Fund and do not include Acquired Fund Fees and Expenses.

  • Majority Purchaser Agents means a minimum of two Purchaser Agents which in their related Purchaser Group have Related Committed Purchasers whose Commitments aggregate more than 50% of the aggregate Commitment of all Related Committed Purchasers in all Purchaser Groups.

  • Majority in Interest of Note Holders means as of a particular date of determination, the holders of a majority in aggregate unpaid Original Amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by Owner or any of its Affiliates (unless all Equipment Notes then outstanding shall be held by Owner or any Affiliate of Owner); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder, any Note Holder of an Equipment Note or Equipment Notes may allocate, in such Note Holder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action, vote, consent, waiver or instruction.

  • Super-Majority Banks means, at any time, Banks holding Loans representing at least 66-2/3% of the aggregate principal amount of the Loans outstanding, or if no Loans are outstanding, Banks having Commitments representing at least 66-2/3% of the Total Commitment.

  • Co-Syndication Agents as defined in the preamble hereto.

  • Co-Documentation Agents as defined in the preamble hereto.

  • Syndication Agents as defined in the preamble hereto.

  • Lead Securitization Note Holder Representative means the “Directing Certificateholder” or equivalent Person under the Lead Securitization Servicing Agreement.

  • Required Secured Parties has the meaning given to it in the Intercreditor Agreement.

  • Non-Lead Securitization Note Holder Representative means the “Directing Certificateholder” or equivalent Person under the Non-Lead Securitization Servicing Agreement.

  • Remarketing Agent(s) has the meaning set forth in the Supplemental Indenture.

  • Syndication Agent as defined in the preamble hereto.

  • NIM Issuer The entity established as the issuer of the NIM Securities.

  • Authenticating Agents As defined in Section 9.10.

  • Co-Documentation Agent as defined in the preamble hereto.

  • banking group means the New Zealand business of the registered bank and its subsidiaries as required to be reported in group financial statements for the group’s New Zealand business under section 461B(2) of the Financial Markets Conduct Act 2013.

  • Co-Syndication Agent as defined in the preamble hereto.

  • Lender Group Representatives has the meaning specified therefor in Section 17.9 of the Agreement.

  • Super Majority Lenders means at any time a Lender or group of Lenders whose Commitments aggregate more than 80% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 80% of the Total Commitments immediately prior to that reduction).

  • Independent Investment Bank means one of the Reference Treasury Dealers that the Issuer appoints to act as the Independent Investment Bank from time to time.

  • Lead Securitization Subordinate Class Representative means the “Controlling Class Representative” as defined in the Lead Securitization Servicing Agreement or such other analogous term used in the Lead Securitization Servicing Agreement.

  • Majority in Interest of Noteholders means, as of a particular date of determination and subject to Section 2.16 of the Indenture, the holders of at least a majority in aggregate unpaid principal amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by the Company or any Affiliate thereof, it being understood that a Pass Through Trustee shall be considered an Affiliate of the Company as long as more than 50% in the aggregate face amount of Pass Through Certificates issued by the corresponding Pass Through Trust are held by the Company or an Affiliate of the Company or a Pass Through Trustee is otherwise under the control of the Company or such Affiliate of the Company (unless all Equipment Notes then outstanding are held by the Company or any Affiliate thereof, including the Pass Through Trustees which are considered Affiliates of the Company pursuant hereto)); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder, any Noteholder of an Equipment Note or Equipment Notes may allocate, in such Noteholder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action, vote, consent, waiver or instruction.

  • Controlling Note Holder Representative shall have the meaning assigned to such term in Section 6(a).