Required Owners definition

Required Owners means, at any time, the Funding Agents representing Ownership Groups having in the aggregate at such time Ownership Group Percentages equal to at least 66-2/3%; provided, that, if at any time there exists one or more Defaulting Ownership Groups, “Required Owners” shall mean Funding Agents representing Non-Defaulting Ownership Groups having in the aggregate Non-Defaulting Ownership Group Percentages equal to 66-2/3%, where:

Required Owners means, at any time, those Owners owning interests in Certificates aggregating 66-2/3% of the Certificate Principal Balance at such time.

Required Owners means, at any time, those Owners owning Percentage Interests, the aggregate outstanding Purchase Price of which exceeds 50% of the aggregate outstanding Purchase Price of all Percentage Interests outstanding hereunder.

Examples of Required Owners in a sentence

• The Administrative Agent shall be entitled to notify the Obligors of Transferred Receivables to make payments directly to the Administrative Agent (for the benefit of the Owners) of amounts due thereunder at any time and from time to time following the occurrence of (i) a Termination Event or (ii) a Complete Servicing Transfer and, at the request of the Required Owners, the Administrative Agent shall so notify the Obligors.

• Upon any such resignation, the Required Owners shall have the right to appoint a successor Administrative Agent approved by the Transferor (which approval will not be unreasonably withheld or delayed).

• If the Required Owners have not approved a replacement Administrative Agent on or before the then current Scheduled Expiry Date, the Administrative Agent shall continue to serve in such capacity until it resigns in accordance with Section 10.7(a) or is replaced in accordance with this Section 10.7(c).

• Neither the Transferor nor the Servicer will make, or permit any Person to make, any amendment, modification or change to, or provide any waiver under the Related Documents, or waive the occurrence of any breach of any representation, warranty or covenant under the Related Documents, without, in each case, the prior written consent of the Required Owners (except as otherwise permitted under Section 9.2).

• This year, our funding is returning to the normal funding sources which require county matches.

More Definitions of Required Owners

Required Owners means, at any time, Owners having Percentage Interests aggregating greater than 50%.

Required Owners means, at any time, those Owners owning interests in the Note aggregating 66-2/3% of the Note Principal Balance at such time.

Required Owners means at a particular time, all Owners.

Required Owners means, at any time, the Funding Agents representing Ownership Groups having in the aggregate at such time Ownership Group Percentages equal to at least 66-2/3%; provided, that, if at any time there exists one or more Defaulting Ownership Groups, “Required Owners” shall mean Funding Agents representing Non-Defaulting Ownership Groups having in the aggregate Non-Defaulting Ownership Group Percentages equal to 66-2/3%, where: “Non-Defaulting Ownership Group” shall mean, at any time, each Ownership Group other than a Defaulting Ownership Group; and “Non-Defaulting Ownership Group Percentage” shall mean, at any time, with respect to any Non-Defaulting Ownership Group, the percentage equivalent of a fraction, the numerator of which is the Ownership Group Purchase Limit of such Non-Defaulting Ownership Group and the denominator of which is the aggregate of the Ownership Group Purchase Limits of all Non-Defaulting Ownership Groups. Notwithstanding the foregoing, if at any time all Ownership Groups are Defaulting Ownership Groups, then “Required Owners” shall at such time be determined in accordance with the preceding sentence without giving effect to the proviso contained therein. “Requirements of Law” shall mean, as to any Person, any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or -44- 00000000 T-Mobile (EIP) Third A&R RPAA NJ 231109207v1 736153181 19632398

Required Owners means the Persons listed on Schedule 1.1(d).

Required Owners means, at any time, Owners having more than 662/3% of the aggregate Percentage Interests of all Owners.

Required Owners means at least two Unaffiliated Owners collectively holding more than fifty percent (50%) of the principal amount of the Obligations then Outstanding; provided, however, that for purposes of Section 7.3 hereof, “Required Owners” shall mean one hundred percent (100%) of the Owners of the Obligations then Outstanding. All Owners shall be deemed to be Affiliated unless the Trustee receives written notice pursuant to Section 10.4 hereof that certain Owners are Unaffiliated.