Senior Eligible Securities Majority definition

Senior Eligible Securities Majority means, at any time that any Senior Notes are outstanding, the Senior Majority and, at any time that any Senior Exchange Securities are outstanding and no Senior Notes are outstanding, the holders of a majority of the Senior Exchange Securities (determined on an as converted basis);
Sample 1Sample 2
Senior Eligible Securities Majority shall have the meaning set forth in the Charter.
Sample 1Sample 2
Senior Eligible Securities Majority shall have the definition ascribed to such term in the Charter.
Sample 1

Examples of Senior Eligible Securities Majority in a sentence

  • The Company shall use the net proceeds from the sale of the Senior Notes and the Warrants hereunder solely for the development and operation of the Company in accordance with the Approved Budget or as otherwise approved by each of the Board and the Senior Eligible Securities Majority.

  • To the extent necessary to make the representation and warranty set forth in Section 2.18(c), the Company may deliver with such certificate a revised Approved Budget in form and substance satisfactory to the Senior Eligible Securities Majority, such revised Approved Budget to constitute the “Approved Budget” upon delivery thereof.

  • Notwithstanding the foregoing, the requirements of this Section 3.2(a) and the notice requirement of Section 3.1, as it applies to notice to the Company, may be waived by the Senior Eligible Securities Majority.

  • The rights of the Investor Securityholders under this Section 4 may be waived in any instance, on behalf of all of the Investor Securityholders, prospectively or retroactively, by the Senior Eligible Securities Majority.

  • On or prior to the First Closing, the Company shall deliver to the Purchasers a budget for the period beginning on or prior to the First Closing and ending on or after the 12-month anniversary thereof, on a monthly basis in form and substance satisfactory to the Senior Eligible Securities Majority.

  • On or prior to the First Closing, the Company shall deliver to the Purchasers a budget for the period beginning on or prior to the First Closing and ending on or after the 18-month anniversary thereof, on a monthly basis in form and substance satisfactory to the Senior Eligible Securities Majority (as the same may be amended pursuant to Section 5.01(a), the “Approved Budget”).

  • Notwithstanding the foregoing, the requirements of this Section 3.2(b) and the notice requirement of Section 3.1, as it applies to notice to the Investor Securityholders may be waived by the Senior Eligible Securities Majority.

  • The Company shall not invest or reinvest the funds deposited to the Special Account, or any accrued interest thereon, unless directed to do so in writing by the Senior Eligible Securities Majority.


More Definitions of Senior Eligible Securities Majority

Senior Eligible Securities Majority means (i) if any Tier III Eligible Securities are outstanding, the Tier III Eligible Securities Majority or (ii) if no Tier III Eligible Securities are outstanding and any Tier II Eligible Securities are outstanding, the Tier II Eligible Securities Majority.
Sample 1

Related to Senior Eligible Securities Majority

  • Eligible Securities means those securities which are identified as permissible securities for a particular Transaction Category.

  • special majority means the majority of votes described in §11.2 which is required to pass a special resolution.

  • Registrable Securities then outstanding means the number of shares determined by adding the number of shares of outstanding Common Stock that are Registrable Securities and the number of shares of Common Stock issuable (directly or indirectly) pursuant to then exercisable and/or convertible securities that are Registrable Securities.

  • Investor Majority means [the holders of at least [ ] per cent of Series A Shares from time to time] [Note: amend as appropriate];

  • Exchangeable Securities means any securities of any trust, limited partnership or corporation other than the Trust that are convertible or exchangeable directly for Units without the payment of additional consideration therefor;

  • Majority in liquidation amount of the Capital Securities means Holder(s) of outstanding Capital Securities, voting together as a class, but separately from the holders of Common Securities, of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all Capital Securities then outstanding.

  • Majority in liquidation amount of the Securities means Holder(s) of outstanding Securities voting together as a single class or, as the context may require, Holders of outstanding Capital Securities or Holders of outstanding Common Securities voting separately as a class, who are the record owners of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all outstanding Securities of the relevant class.

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.8

  • Series A Parity Securities means any class or series of Partnership Interests that, with respect to distributions on such Partnership Interests or distributions upon liquidation of the Partnership, ranks pari passu with the Series A Preferred Units.

  • Super Majority has the meaning set forth in paragraph 5(b) of Annex I.

  • New Securities Trustee means a bank or trust company reasonably satisfactory to the Initial Purchasers, as trustee with respect to the New Securities under the New Securities Indenture.

  • Majority Holders means the Holders of a majority of the aggregate principal amount of Securities registered under a Registration Statement.

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • Majority in Liquidation Amount of the Preferred Securities means a vote by the Holder(s), voting separately as a class, of more than fifty percent (50%) of the aggregate Liquidation Amount of all then outstanding Preferred Securities issued by the Issuer.

  • Class A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • majority of the outstanding voting securities shall have the meaning set forth for such terms in the 1940 Act.

  • Parent Class A Common Stock means the Class A Common Stock, par value $0.01 per share, of Parent.

  • Ineligible Securities means securities which may not be underwritten or dealt in by member banks of the Federal Reserve System under Section 16 of the Banking Act of 1933 (12 U.S.C. Section 24, Seventh), as amended.

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Pari Passu Securities means any class or series of capital stock of the Company hereafter created specifically ranking, by its terms, on parity with the Designated Preferred Stock as to distribution of assets upon liquidation, dissolution or winding up of the Company, whether voluntary or involuntary.

  • Available Securities means the securities of the Funds that are available for Loans pursuant to Section 3.

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class A Common Shares means class A common shares of a nominal or par value of US$0.00001 each in the capital of the Company having the rights provided for in the Memorandum and Articles of Association, and any shares into which such class A common shares may be converted.

  • Series A-2 Preferred Stock means shares of the Company’s Series A-2 Preferred Stock, par value $0.0001 per share.

  • Series A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately from the Closing Date and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • voting equity securities means equity securities having voting power for the election of directors, whether at all times or only so long as no senior class of security has such voting power by reason of any contingency.