Majority Term Lenders definition

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 Term Lenders at any time with respect to any Term Facility, Term Lenders that are non-Defaulting Lenders having Term Loans and unused and outstanding Term Commitments with respect to such Term Facility representing more than 50% of the sum of all Term Loans outstanding and unused and outstanding Term Commitments with respect to such Term Facility at such time.

Majority Term Lenders means, at any time, Term Lenders whose Term Loans represent an amount greater than 50% of the Term Obligations on such date.

Examples of Majority Term Lenders in a sentence

• Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 10.1 and in the definitions of Majority Revolving Lenders, Majority Term Lenders and Required Lenders.

• The Administrative Agent may condition its providing of such consent pursuant to this Section 4.25(c) on the Consent of the Majority Term Lenders.

• From the Majority Term Lenders to the Administrative Agent, as provided in Section 13.1(b).

• Following the occurrence of any Event of Default (and whether or not the Administrative Agent exercises the Administrative Agent’s rights on account thereof), all Term Loans shall bear interest, at the option of the Administrative Agent or at the instruction of the Majority Term Lenders, at a rate which is the aggregate of the rate applicable to Term Loans plus two percent (2%) per annum.

• Students are not allowed to tamper with any of the equipment on the bus, especially the emergency door.

More Definitions of Majority Term Lenders

Majority Term Lenders means (a) other than as provided in clauses (b) and (c) below, Term Lenders holding greater than 50% of the sum of (i) the aggregate unfunded Term Commitments at such time plus (ii) the aggregate unpaid principal amount of the Term Notes, (b) at any time when there are only two Term Lenders, both Term Lenders, and (c) at any time when there is only one Term Lender, such Term Lender; provided that, in any event, if there are two or more Term Lenders, the Term Commitment of, and the portion of the Term Advances held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Term Lenders unless all Term Lenders are Defaulting Lenders.

Majority Term Lenders means (i) at any time prior to the --------------------- Closing Date, Lenders holding at least a majority of the Term Loan Commitments, and (ii) at any time after the Closing Date, Lenders holding at least a majority of the stun of (a) the aggregate principal amount of outstanding Term Loans plus ---- (b) the aggregate amount of unused Term Loan Commitments then in effect.

Majority Term Lenders means, at any time, Lenders having Term Loans, New Term Loans and Refinancing Term Loans and unused Term Commitments, unused New Term Commitments and unused Refinancing Term Commitments representing greater than 50% of the sum of all Term Loans outstanding, all New Term Loans outstanding (if any), all Refinancing Term Loans outstanding (if any) and all unused Term Commitments, unused New Term Commitments (if any) and unused Refinancing Term Commitments (if any) at such time.

Majority Term Lenders means, at any time, Lenders having Term Loans and unused Term Commitments representing greater than 50% of the sum of all Term Loans outstanding and all unused Term Commitments (if any) at such time.

Majority Term Lenders means at any time Term Lenders whose Pro Rata Shares aggregate more than 50%.

Majority Term Lenders means Term Lenders having more than fifty percent (50%) of the total Term Loan Exposures at the time of determination.

Majority Term Lenders means Term Lenders having more than fifty percent (50%) of the Total Term Loan Exposures at the time of determination (without regard to any sale by a Term Lender of a participation in any Loan under Section 12.04(c)); provided that, if at any time there are two or fewer Term Lenders, then all Term Lenders shall constitute the Majority Term Lenders.