REQUIRED REPRESENTATIVES definition

REQUIRED REPRESENTATIVES means, (a) at any time that no Actionable Default has occurred or is continuing, the Administrative Agent acting in its own discretion or at the direction of the Required Lenders at such time, or (b) at any time that an Actionable Default has occurred and is continuing, the Representatives, on behalf of themselves and the Secured Holders represented thereby, that own or hold (either by themselves or through their respective Secured Holders) more than 50% of the aggregate amount of the outstanding Secured Obligations at such time; provided, however, that amounts held at such time by the Collateral Trustees on behalf of a Representative and such Representative's Secured Holders in an account of the Corporate Trustee established at the request of such Representative pursuant to Section 5.02 hereof shall be deemed to have been applied to repay the Secured Obligations of such Secured Holders whether or not such amount has been so applied.
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REQUIRED REPRESENTATIVES means (a) at any time that no Collateral Trust Agreement Default has occurred or is continuing and any Secured Obligations remain outstanding with respect to any Lender Party under the Credit Agreement or any Revolving Credit Loan Bank has a Revolving Credit Loan Commitment or any Revolving Letter of Credit or Drax Letter of Credit remains outstanding, the Agent acting in its own discretion or at the direction of the Required Banks at such time, (b) at any time that no Collateral Trust Agreement Default has occurred or is continuing, and no Secured Obligations remain outstanding with respect to any Lender Party under the Credit Agreement and no Revolving Credit Loan Bank has a Revolving Credit Loan Commitment and no Revolving Letter of Credit or Drax Letter of Credit remains outstanding, the Other Debt Representatives acting at the direction of the Required Other Debt Holders, (c) at any time that a Collateral Trust Agreement Default has occurred and is continuing and any Secured Obligations remain outstanding with respect to any Lender Party under any Credit Agreement or any Revolving Credit Loan Bank has a Revolving Credit Loan Commitment or any Revolving Letter of Credit or Drax Letter of Credit remains outstanding, the Agent, on behalf of itself and the Required Banks or (d) at any time that a Collateral Trust Agreement Default has occurred and is continuing and no Secured Obligations remain outstanding with respect to any Lender Party under the Credit Agreement and no Revolving Credit Loan Bank has a Revolving Credit Loan Commitment and no Revolving Letter of Credit or Drax Letter of Credit remains outstanding, the Other Debt Representatives, on behalf of the Required Other Debt Holders; provided, however, that amounts held at such time by the Collateral Trustees on behalf of a Representative and such Representative's Secured Holders in an account of the Corporate Trustee established at the request of such Representative pursuant to Section 5.02 hereof shall be deemed to have been applied to repay the Secured Obligations of such Secured Holders whether or not such amount has been so applied. Unless and until the Collateral Trustees shall have received a notice from the Agent to the effect that at no Secured Obligations remain outstanding with respect to any Lender Party under the Credit Agreement and no Revolving Credit Loan Bank has a Revolving Credit Loan Commitment and no Revolving Letter of Credit or Drax Letter of Credit remains outstanding, the ...
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REQUIRED REPRESENTATIVES means (a) at any time that no Actionable Default has occurred or is continuing, the Debt Coordinator, acting with the consent or at the direction of the Steering Committee Majority (as defined in the Master Agreement) or with the consent or at the direction of the Majority Banks (as defined in the Master Agreement) or (b) at any time that an Actionable Default has occurred and is continuing, the Representative or Representatives, on behalf the Secured Holders that own or hold more than 50% of the Total Principal Exposure of all the Secured Holders, taken as a whole, at such time; provided, however, that amounts held at such time by the Collateral Trustees on behalf of a Representative and such Representative's Secured Holders in an account of the Corporate Trustee established at the request of such Representative pursuant to Section 5.02 hereof shall be deemed to have been applied to repay the Secured Obligations of such Secured Holders whether or not such amount has been so applied.
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Examples of REQUIRED REPRESENTATIVES in a sentence

  • THE FIRM IMPLEMENTED PROCEDURES RELATING TO CONSOLIDATED REPORTS THAT REQUIRED REPRESENTATIVES TO, AMONG OTHER ITEMS, SUBMIT TEMPLATES TO THE COMPLIANCE DEPARTMENT PRIOR TO USE AND PROVIDED FOR THE REVIEW OF CONSOLIDATED REPORTS DURING ANNUAL BRANCH EXAMINATIONS.


More Definitions of REQUIRED REPRESENTATIVES

REQUIRED REPRESENTATIVES means (a) at any time that no Actionable Default has occurred or is continuing, the Administrative Agent acting in its own discretion or at the direction of the Required Lenders at such time pursuant to the Credit Agreement or (b) at any time that an Actionable Default with respect to the Secured Obligations and/or the Secured Note Obligations has occurred and is continuing, the Administrative Agent and/or the 7% Senior Notes Trustee, as applicable, on behalf of themselves, the Secured Parties and the Secured Noteholders that own or hold more than 50% of the sum of the aggregate amount of the outstanding Secured Obligations and Secured Note Obligations at such time.
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REQUIRED REPRESENTATIVES means, (a) at any time that no Actionable Default Notice has been received by the Collateral Trustee (or if an Actionable Default Notice has been received, it has been withdrawn), the Beneficiary Agent acting in its own discretion or at the direction of the Required Beneficiary at such time, or (b) at any time that an Actionable Default Notice has been received by the Collateral Trustee that has not been withdrawn, the Representatives, on behalf of themselves and the Secured Holders represented thereby, that own or hold (either by themselves or through their respective Secured Holders) more than 50% of the aggregate amount of the outstanding Secured Obligations at such time; provided, however, that amounts held at such time by the Collateral Trustee on behalf of a Representative and such Representative's Secured Holders in an account of the Collateral Trustee established at the request of such Representative pursuant to Section 5.02 shall be deemed to have been applied to repay the Secured Obligations of such Secured Holders whether or not such amount has been so applied.
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REQUIRED REPRESENTATIVES means (a) so long as any Senior Secured Obligation remains outstanding and unpaid, the Senior Agents acting together in their own discretion or at the direction of the Required Senior Lenders at such time or (b) thereafter, the Junior Lien Creditor, on behalf of itself and the Secured Holders represented thereby; PROVIDED, HOWEVER, that amounts held at such time by the Collateral Trustee on behalf of a Representative and such Representative's Secured Holders in an account of the Collateral Trustee established at the request of such Representative pursuant to Section 5.02 hereof shall be deemed to have been applied to repay the Secured Obligations of such Secured Holders whether or not such amount has been so applied.
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REQUIRED REPRESENTATIVES means, (a) at any time that no Actionable Default has occurred or is continuing, the 5-Year Agent and the 364-Day Agent, acting jointly, in their own discretion or at the direction of the Majority Banks (as defined in the 5-Year Credit Agreement) at such time and the Majority Banks (as defined under the 364-Day Credit Agreement) as such time, or (b) at any time that an Actionable Default has occurred and is continuing, the Representatives, on behalf of themselves and the Secured Holders represented thereby, that own or hold (either by themselves or through their respective Secured Holders) more than 50% of the aggregate amount of the outstanding Secured Obligations at such time; PROVIDED, however, that amounts held at such time by the Collateral Trustees on behalf of a Representative and such Representative's Secured Holders in an account of the Corporate Trustee established at the request of such Representative pursuant to Section 5.02 hereof shall be deemed to have been applied to repay the Secured Obligations of such Secured Holders whether or not such amount has been so applied.
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REQUIRED REPRESENTATIVES has the meaning given to such term in the Collateral Trust Agreement.
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Related to REQUIRED REPRESENTATIVES

  • Designated Representatives means the Subordination Agent Representatives, the Trustee Representatives and the Provider Representatives identified under Section 2.5.

  • Designated Representative has the meaning set forth in Section 6(j)(v) of this Agreement.

  • Appointed Representative has the meaning set forth in Section 10.1.

  • Authorised Representatives the persons respectively designated as such by the Authority and the Supplier, the first such persons being set out in Schedule 4. Bribery Act: the Xxxxxxx Xxx 0000 and any subordinate legislation made under that Act from time to time together with any guidance or codes of practice issued by the relevant government department concerning the legislation. Change: any change to this agreement including to any of the Services. Change Control Note: the written record of a Change agreed or to be agreed by the parties pursuant to the Change Control Procedure.

  • Nominated Representative means, in respect of each party, the person whose details are set out in the Special Conditions (if any).

  • Qualified representative means a person who holds a position with a business organization, who is authorized to act on behalf of the business organization, and who is one of the following:

  • Independent representative means a person who:

  • Authorized Representatives means those persons shown on the list of officers provided by the Borrower pursuant to Section 3.2(a)(iv) hereof or on any update of any such list provided by the Borrower to the Administrative Agent, or any further or different officers of the Borrower so named by any Authorized Representative of the Borrower in a written notice to the Administrative Agent.

  • Company Representatives shall have the meaning set forth in Section 6.5(a).

  • Principal’s Representative means the person nominated by the Principal or other person from time to time appointed in writing by the Principal to act as the Principal’s Representative for the purposes of the Contract.

  • Parent Representatives has the meaning set forth in Section 5.2(a).

  • Project Representative means the individual(s), including but not limited to the Resident Engineer, to whom the Authority Representative has delegated Project responsibilities. If a Project Representative is appointed, the Project Representative represents the Authority Representative on the Project within the limits of that delegation with respect to any part of the Work.

  • Management Representative means an individual designated to hear grievances on behalf of the University.

  • Departmental Representative means the person designated in the Contract, or by written notice to the Contractor, to act as the Departmental Representative for the purposes of the Contract, and includes a person, designated and authorized in writing by the Departmental Representative to the Contractor;

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

  • Authorised Representative means any natural or legal person established within the Union who has received a written mandate from a manufacturer to act on his behalf in relation to specified tasks;

  • Company Representative means the person or persons appointed and approved in writing from time to time by the Company to act on its behalf for overall co- ordination.

  • Engineer’s Representative means the official in the civil/ electrical engineering department who is authorized to be in-charge of the work to which these presents relate. It shall include any other official nominated to attend to the supervision of day to day execution of the work to which this CONTRACT relates.

  • Resident Representative means (if any) the individual (or, if permitted in accordance with the Companies Acts, the company) appointed to perform the duties of resident representative set out in the Companies Acts and includes any assistant or deputy Resident Representative appointed by the Board to perform any of the duties of the Resident Representative;

  • Representative means, with respect to any Person, any and all directors, officers, employees, consultants, financial advisors, counsel, accountants and other agents of such Person.

  • Registered Representative is defined as a duly registered representative of Broker-Dealer, in good standing, with the authority to sell Contracts as required by the Financial Industry Regulatory Authority, Inc. (hereinafter “FINRA”) and who is appointed as a non exclusive agent of the Company and properly licensed and appointed in accordance with applicable laws and regulations and the Company’s Licensing, Appointment and Registration policy, as amended from time to time.