Required Beneficiaries definition

Required Beneficiaries means Noteholders holding in excess of 50% of the Group III Aggregate Invested Amount (excluding, for the purposes of making the foregoing calculation, any Notes held by DTAG or any Affiliate of DTAG (other than Dollar Thrifty Funding Corp.)).

Required Beneficiaries has the meaning given to it in the applicable Series Supplement.

Required Beneficiaries has the meaning assigned thereto in the Collateral Agency Agreement.

Examples of Required Beneficiaries in a sentence

• Except with the prior written consent of the -------------- Collateral Agent and the Required Beneficiaries or as contemplated by this Agreement or the Operative Agreements, the Company will not sell or otherwise dispose of any of the Collateral or any interest therein or agree or attempt or purport to do so.

• The Company shall not amend, modify or --------------------- supplement its By-laws and Certificate of Incorporation without the consent of the Required Beneficiaries.

• If such Required Beneficiaries shall fail to make such appointment prior to the date such resignation, removal or other incapacity is effective, then the Security Trustee or any registered Beneficiary may request a court of competent jurisdiction to appoint such successor to act until such time, if any, as a successor shall have been appointed as provided above.

• The Company shall have the right to remove the Collateral Agent upon ninety (90) days' notice to the Beneficiaries with or without cause, effective upon the appointment of a successor Collateral Agent under this Section 5.5, which is reasonably acceptable to the Required Beneficiaries.

• In case of the resignation or removal of the Security Trustee, or if the Security Trustee shall otherwise become incapable of acting or shall be taken under the control of any public officer or officers or of a receiver appointed by a court, then a successor or successors may be appointed by the Required Beneficiaries; provided that, so long as no Default shall have occurred and be continuing, such successor or successors shall be reasonably acceptable to the Obligor.

More Definitions of Required Beneficiaries

Required Beneficiaries means, at any time, Beneficiaries (other than any Lessee Grantor, if applicable) that are beneficiaries in respect of, or that represent or act on behalf of Financing Sources (other than any Lessee Grantor, if applicable) that hold (including by way of pledge or assignment), more than 50% of the outstanding principal amount of indebtedness of the Lessee Grantors and RCFC under the Financing Documents at such time (excluding any retained interest of any such Lessee Grantor or RCFC thereunder).

Required Beneficiaries means General Electric Capital Corporation or its successors or assigns.

Required Beneficiaries means, with respect to the Group V Series of Notes, Noteholders holding in excess of 50% of the aggregate Invested Amount of all outstanding Group V Series of Notes, excluding, for purposes such calculation, any such Notes (or beneficial interests therein) held by Budget or any Affiliate thereof.

Required Beneficiaries or “Required Group V Noteholders” means Noteholders holding in excess of 66 2/3% of the Group V Aggregate Invested Amount (excluding, for the purposes of making the foregoing calculation, any Notes held by DTAG or any Affiliate of DTAG, except for any Affiliate that is a bankruptcy remote, special purpose vehicle if such Affiliate has assigned all voting, consent and control rights associated with such Series 2010-1 Notes to Persons that are not Affiliates of DTAG).

Required Beneficiaries means, at any time, Beneficiaries that at such ---------------------- time hold at least 66-2/3% of the Combined Exposure.

Required Beneficiaries means Noteholders holding in excess of 50% of the Group VIII Aggregate Invested Amount (excluding, for the purposes of making the foregoing calculation, any Notes held by DTAG or any Affiliate of DTAG, except for any Affiliate that is a bankruptcy remote, special purpose vehicle if such Affiliate has assigned all voting, consent and control rights associated with such Series 2011-1 Notes to Persons that are not Affiliates of DTAG).

Required Beneficiaries means, at any time, Beneficiaries (other than Thrifty, if applicable) that are beneficiaries in respect of, or that represent or act on behalf of Financing Sources (other than Thrifty, if applicable) that hold (including by way of pledge or assignment), more than 50% of the outstanding principal amount of indebtedness of Thrifty or Thrifty Finance under the Financing Documents at such time (excluding any retained interest of Thrifty or Thrifty Finance thereunder).