Requisite Percentage shall have the meaning set forth in Section 23(c)(i) hereof.
Requisite Percentage means, at least a majority of the aggregate outstanding principal amount of the Notes issued pursuant to the Note Purchase Agreement.
Requisite Percentage means, at least a majority of the aggregate outstanding principal amount of the Notes issued pursuant to the Note Purchase Agreement
Examples of Requisite Percentage in a sentence
From and after the date of this Agreement, except as permitted by Section 4.7 hereof, the Company shall not, without the prior written consent of the Requisite Percentage, enter into any agreement with any holder or prospective holder of any securities of the Company that would allow such holder or prospective holder registration rights on a parity with or senior to those granted to the Holders hereunder, other than the right to a Special Registration Statement.
More Definitions of Requisite Percentage
Requisite Percentage means at least twenty-five percent (25%) of the aggregate voting power of the then issued and outstanding Shares, which Shares are certified pursuant to Section 2.5(c)(ii)(G) to be included in the Demanding Person’s Net Long Shares.
Requisite Percentage has the meaning set forth in Section 7.4(b).
Requisite Percentage means (i) on any Payment Date prior to the March 2009 Payment Date, 83.75% of the Collateral Balance as of the end of the related Collection Period, (ii) on any Payment Date from and including the March 2009 Payment Date to and including the August 2009 Payment Date, 84.75% of the Collateral Balance as of the end of the related Collection Period, (iii) on any Payment Date from and including the September 2009 Payment Date to and including the February 2010 Payment Date, 85.75% of the Collateral Balance as of the end of the related Collection Period and (iv) on any Payment Date after the February 2010 Payment Date, 86.75% of the Collateral Balance as of the end of the related Collection Period; PROVIDED, THAT, in the case of clauses (ii), (iii) and (iv) above, if, as of the Determination Date related to any such Payment Date, (A) the Noteholders' Principal Distributable Amount (calculated without reference to this proviso) is not equal to the Principal Distributable Amount, (B) after making the distributions pursuant to Section 5.7(a) on such Payment Date, the Specified Spread Account Requisite Amount is not then satisfied, (C) as of the first Payment Date referenced in the applicable clause (ii), (iii) or (iv) above, the Three Month Rolling Average Extension Ratio is greater than or equal to 2.75%, 2.25% and 2.75%, respectively, (D) as of the first Payment Date referenced in the applicable clause (ii), (iii) or (iv) above, the Cumulative Net Loss Rate as of the end of the Collection Period related to such first Payment Date is greater than or equal to 9.25%, 11.10% and 12.50%, respectively, (E) as of the first Payment Date referenced in the applicable clause (ii), (iii) or (iv) above, the Three-Month Rolling Average Delinquency Ratio as of the end of the Collection Period related to such first Payment Date is greater than or equal to 8.50%, 9.00% and 9.50%, respectively, or (F) any Trigger Event has occurred and is continuing, then the Requisite Percentage shall not be increased from the Requisite Percentage employed on the immediately preceding Payment Date.
Requisite Percentage shall have the meaning set forth in Section 23(c)(i) hereof. (lll) “Rights” shall have the meaning set forth in the recitals of this Agreement.
Requisite Percentage means 85%.
Requisite Percentage means Noteholders representing at least 66 2/3% of the Principal Amount of the Notes.
Requisite Percentage means Noteholders representing at least 66 2/3% of the Principal Amount of the Notes. “Reserve Account” shall mean the account established pursuant to Section 3.5 of this Indenture.