Special Majority Lenders definition

Special Majority Lenders means, at any time, Lenders having Revolving Facility Exposure and Available Unused Commitments, that, taken together, represent more than 66⅔% of the sum of (a) the Total Revolving Facility Exposure and (b) the aggregate Available Unused Commitments of all Lenders at such time. The Revolving Facility Exposure and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining the Special Majority Lenders at any time.
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Special Majority Lenders means, at any time, Lenders having outstanding Loans and unused Commitments representing greater than 662/3% of the sum of the total outstanding Loans and unused Commitments at such time; provided that the commitments of, or outstanding Loan held by, any Lender that is FLL, a Servicer, or an Affiliate of FLL or any Servicer, shall be excluded for purposes of making a determination of Special Majority Lenders.
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Special Majority Lenders means, at any time, Lenders having Revolving Facility Exposure and Available Unused Commitments, that, taken together, represent more than 66 2/3% of the sum of (a) the Total Revolving Facility Exposure and (b) the aggregate Available Unused Commitments of all Lenders at such time. The Revolving Facility Exposure and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining the Special Majority Lenders at any time.
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Examples of Special Majority Lenders in a sentence

  • Without limiting the foregoing, whether or not an Event of Default has occurred, in the event of a Servicer Replacement Event that has not been cured, the Administrative Agent may, at the request of the Special Majority Lenders, terminate the Servicing Agreement and replace the Servicers with a Person selected by the Special Majority Lenders.

  • The Facility Agent may effect, on behalf of all the Lenders, an amendment, modification or waiver to which the Special Majority Lenders have agreed.

  • The Borrower agrees not to pursue any claim or potential claim for compensation under the Political Risk Policy or withdraw any claim for compensation unless it has obtained the prior written consent of the Facility Agent (acting on the instructions of the Special Majority Lenders).

  • The Administrative Agent, Holdings (prior to a Qualified IPO) and the Borrowers shall modify the Loan Documents to include the commitments to make such Other Revolving Loans in the definition of Required Lenders, Special Majority Lenders and Super Majority Lenders, on substantially the same basis as the Loans are included on the Closing Date.

  • The Updated Reserves Report is not in form and substance satisfactory to the Facility Agent (acting on the instructions of the Special Majority Lenders).

  • The Borrower agrees not to pursue any claim or potential claim for compensation with insurer or insurers under the Transport Risk Insurance Policy unless it has obtained the prior written consent of the Facility Agent (acting on the instructions of the Special Majority Lenders).

  • Notwithstanding anything to the contrary in the Bankruptcy Code or any Loan Document, the Borrower and each Guarantor agrees that in consideration of the forgoing agreement of the Agents, Lenders and Issuers, neither Borrower nor any Guarantor shall seek confirmation of any Borrower's Plan unless the same has been accepted by Lenders constituting Special Majority Lenders.

  • Until the draft Annual Operating Budget has been approved by the Special Majority Lenders, KKM or CRI, as the case may be, shall only be entitled to request payments out of the Project Accounts up to a level of expenditure which is the lesser of that contained in the draft and that set out in the then existing Operating Budget.

  • Any changes to the Project Budget will be effective only if agreed between KKM and the Facility Agent acting on the instructions of the Special Majority Lenders provided that any item of capital contained in the Project Budget may be exceeded by up to five per cent.

  • Any changes to an Annual Operating Budget (as approved pursuant to the terms of this Agreement), will be effective only if agreed between KKM or CRI, as the case may be, and the Facility Agent acting on the instructions of the Special Majority Lenders provided that any item of operating expenditure contained in such Annual Operating Budget may be exceeded by up to ten per cent.


More Definitions of Special Majority Lenders

Special Majority Lenders means the Majority Lenders.
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Special Majority Lenders means, at any time, Lenders holding more than 66⅔% of the sum of the total outstanding principal amount of all Drawings at such time; provided that any Lender that is the Guarantor, a Servicer, or an Affiliate of the Guarantor or any Servicer holding the principal amount of any Drawings, shall be excluded for purposes of making a determination of Special Majority Lenders.
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Special Majority Lenders means one or more Lenders having or holding Tranche A Term Loan Exposure, Tranche B Term Loan Exposure, New Term Loan Exposure and/or Revolving Exposure representing at least 75% of the sum of (i) the aggregate Tranche A Term Loan Exposure of all Lenders, (ii) the aggregate Tranche B Term Loan Exposure of all Lenders, (iii) the aggregate Revolving Exposure of all Lenders and (iv) the aggregate New Term Loan Exposure of all Lenders.
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Special Majority Lenders means, at any time:
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Special Majority Lenders means, collectively, Tranche A Lenders having more than fifty percent (50%) in number and two thirds in amount of Special Voting Claims actually voting on the Borrower's Plan. For purposes of computing the number of Tranche A Lenders for this definition, a Tranche A Lender and all of its Affiliates (including, any related Approved Fund) shall be deemed to be one Tranche A Lender.
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Related to Special Majority Lenders

  • 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).

  • Majority Lenders means a Lender or Lenders whose Commitments aggregate more than 662/3% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 662/3% of the Total Commitments immediately prior to the reduction).

  • 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.

  • Supermajority Lenders means, at any time, Lenders having or holding more than 66 2/3% of the aggregate Revolving Loan Exposure of all Lenders; provided, that (i) the Revolving Loan Exposure of any Defaulting Lender shall be disregarded in the determination of the Supermajority Lenders, and (ii) at any time there are two or more Lenders (who are not Affiliates of one another), “Supermajority Lenders” must include at least two Lenders (who are not Affiliates of one another or Defaulting Lenders).

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

  • Required Lenders means, at any time, Lenders having Revolving Exposures, Term Loans and unused Commitments representing more than 50% of the sum of the total Revolving Exposures, outstanding Term Loans and unused Commitments at such time.

  • Supermajority Banks means Banks having more than 75% of the sum of the Aggregate Commitments or, after the Revolving Credit Termination Date, more than 75% of the aggregate Revolving Loans outstanding (including funded participating interests in Swingline Loans).

  • Majority Banks means at any time Banks holding more than 50% of the Commitments, or if the Commitments have been terminated, Banks holding more than 50% of the then aggregate unpaid principal amount of the Advances.

  • Requisite Lenders means Lenders having (a) more than 50% of the Commitments of all Lenders, or (b) if the Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Loans.

  • Majority Term Lenders at any time, (a) if only one Term Lender holds the Term Loan, such Term Lender; and (b) if more than one Term Lender holds the Term Loan, at least two Term Lenders who hold more than 50% of the principal sum of all Term Loans outstanding; provided that the portion of the Term Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Term Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Majority Revolving Lenders at any time, (a) if only one Revolving Lender holds the Total Revolving Commitments at such time, such Revolving Lender, both before and after the termination of such Revolving Commitment; and (b) if more than one Revolving Lender holds the Total Revolving Commitment, at least two Revolving Lenders who hold more than 50% of the Total Revolving Commitments (including, without duplication, the L/C Commitments) or, at any time after the termination of the Revolving Commitments when such Revolving Commitments were held by more than one Revolving Lender, at least two Revolving Lenders who hold more than 50% of the Total Revolving Extensions of Credit then outstanding (including, without duplication, any L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time)); provided that the Revolving Commitments of, and the portion of the Revolving Loans and participations in L/C Exposure and Swingline Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.

  • Majority Facility Lenders with respect to any Facility, the holders of more than 50% of the aggregate unpaid principal amount of the Term Loans or the Total Revolving Extensions of Credit, as the case may be, outstanding under such Facility (or, in the case of the Revolving Facility, prior to any termination of the Revolving Commitments, the holders of more than 50% of the Total Revolving Commitments).

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Requisite Majority means, as at any particular time, Passenger Operators whose Vehicle departures from the Station, expressed as a percentage of Total Departures, as at the relevant date, together are at least equal to the percentage specified in paragraph 4 of Annex 8 (or such other percentage as the ORR may specify by notice to the Station Facility Owner and to each Passenger Operator as the new percentage which is to apply for these purposes following the entry into, variation, amendment or termination of an access contract permitting a passenger service operator to use the Station, a Change in Control of any Passenger Operator or any event which results in a material change to the proportion of the Total Departures made by trains operated by or on behalf of any Passenger Operator);

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

  • Requisite Revolving Lenders means Lenders having (a) more than 50% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Revolving Loan.

  • Requisite Term Loan Lenders shall in no event mean less than two Term Loan Lenders.

  • Note Majority means a majority by principal amount of the Noteholders.

  • Supermajority Vote means the affirmative vote of at least two-thirds of all of the members of the Operating Committee or any Subcommittee, as applicable, authorized to cast a vote with respect to a matter presented for a vote (whether or not such a member is present at any meeting at which a vote is taken) by the Operating Committee or any Subcommittee, as applicable (excluding, for the avoidance of doubt, any member of the Operating Committee or any Subcommittee, as applicable, that is recused or subject to a vote to recuse from such matter pursuant to Section 4.3(d)); provided that if two-thirds of all of such members authorized to cast a vote is not a whole number then that number shall be rounded up to the nearest whole number.

  • Requisite Holders means at any time holders of Warrant Shares and Warrants representing at least a majority of the Warrant Shares outstanding or issuable upon the exercise of all the outstanding Warrants.

  • Super Majority Vote means, the affirmative vote of the holders of Outstanding Interests of all Series representing at least two thirds of the total votes that may be cast by all such Outstanding Interests, voting together as a single class.

  • Supermajority means, with respect to any Class of Notes, the holders of at least 66-2/3% of the Aggregate Outstanding Amount of the Notes of such Class.

  • Majority Revolving Credit Lenders means Lenders having more than 50% of the sum of all Revolving Credit Loans outstanding, LC Exposure and unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the aggregate outstanding amount of all Revolving Credit Loans and LC Exposure, held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Credit Lenders.

  • Minority Lenders has the meaning provided in SECTION 9.02(c).

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