Super Majority Banks means at any time Banks having at least 85% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing at least 85% of the aggregate unpaid principal amount of the Loans.
Super Majority Banks shall have the meaning given such term in Section 10.10(b).
Super Majority Banks means (a) as long as the Commitments are in effect, Banks having an aggregate Commitment Percentage of 66-2/3% or more of the Aggregate Maximum Credit Amount, and (b) following termination or expiration of the Commitments, Banks holding 66-2/3% or more of the Outstanding Revolving Credit.
Examples of Super Majority Banks in a sentence
Upon any such resignation or removal, Super-Majority Banks shall have the right to appoint a successor Agent, with, so long as no Event of Default has occurred and is continuing, the consent of Borrower (which shall not be unreasonably withheld).
More Definitions of Super Majority Banks
Super Majority Banks means, at any time, Banks, including Chase, 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.
Super Majority Banks means (a) as long as the Commitments are in effect, Banks having an aggregate Applicable Percentage of 80% or more of the Aggregate Maximum Credit Amount, and (b) following termination or expiration of the Commitments, Banks holding 80% or more of the Outstanding Revolving Credit, subject in each case to Section 3.5(a); provided that, in each case, as long as there are less than three Banks, Super Majority Banks means all Banks.
Super Majority Banks holders of Notes" or any similar terms shall, unless the context clearly otherwise indicates, include the Agent in its individual capacity. The Agent may accept deposits from, lend money to, and generally engage in any kind of banking, trust or other business with the Borrower or any Affiliate of the Borrower as if it were not performing the duties specified herein, and may accept fees and other consideration from the Borrower for services in connection with this Agreement and otherwise without having to account for the same to the Banks.
Super Majority Banks means the Non-Defaulting Banks which would constitute the Required Banks if the reference to "50%" in the definition of Required Banks were to read "66 2/3%."
Super Majority Banks means Banks (which must include the Administrative Agent) having Loan Commitments aggregating at least eighty percent (80%) of the aggregate amount of all Loan Commitments.
Super Majority Banks shall have the meaning set forth in Section 13.02 hereof.
Super Majority Banks means Banks, the sum of whose outstanding Revolving Loan Commitments (or after the termination thereof, outstanding Revolving Loans) represent an amount greater than or equal to 80% of the Total Revolving Loan Commitment (or after the termination thereof, the sum of the total outstanding Revolving Loans at such time).