Majority Purchaser definition

Majority Purchaser has the meaning assigned to such term in the Note Purchase Agreement.

Majority Purchaser means holders of 50% of the then outstanding principal amount of the Notes, so long as such 50% includes Sxxxxxxxx Family Trust I as lead investor.

Majority Purchaser means, at any time, one or more Purchasers holding in the aggregate a Purchaser’s Share greater than 662/3% or as otherwise agreed to by each of the Purchasers.

Examples of Majority Purchaser in a sentence

• Such resignation shall not become effective until a successor Administrator is appointed by the Majority Purchaser Agents and has accepted such appointment.

• None of the Purchaser Agents, the Administrator or any of their respective directors, officers, agents or employees shall be liable for any action taken or omitted (i) with the consent or at the direction of the Majority Purchaser Agents (or in the case of any Purchaser Agent, the Purchasers within its Purchaser Group that have a majority of the aggregate Commitment of such Purchaser Group) or (ii) in the absence of such Person’s gross negligence or willful misconduct.

• Except as otherwise permitted in Section 4.2 of this Agreement, the Seller will not extend, amend or otherwise modify the terms of any Pool Receivable, or amend, modify or waive any term or condition of any Contract related thereto, without the prior written consent of the Administrator and the Majority Purchaser Agents.

• Without the prior written consent of the Administrator and the Majority Purchaser Agents, the Seller will not amend, modify, waive, revoke or terminate any Transaction Document to which it is a party or any provision of the Seller’s organizational documents which requires the consent of the “Independent Member” (as defined in the Seller’s operating agreement).

• Upon the occurrence of a Termination Event, the Administrator may (with the consent of the Majority Purchaser Agents) or shall (at the direction of the Majority Purchaser Agents) designate as Servicer any Person (including itself) to succeed FleetCor or any successor Servicer, on the condition in each case that any such Person so designated shall agree to perform the duties and obligations of the Servicer pursuant to the terms hereof.

More Definitions of Majority Purchaser

Majority Purchaser has the meaning set forth in the first paragraph of this Agreement.

Majority Purchaser shall have the meaning ascribed to such term in Section 5.1.

Majority Purchaser means, at any time, one or more Purchasers holding in the aggregate a Purchaser’s Share greater than 662/3% or as otherwise agreed to by each of the Purchasers. “Material Adverse Effect” means a material adverse change to or effect on:

Majority Purchaser for any Closing, means the Purchaser or Purchasers purchasing more than 50% of the aggregate principal amount of Initial Notes to be issued, subject to the satisfaction or waiver of the applicable conditions specified in Article V hereof, by the Company at such Closing.

Majority Purchaser means a person who would acquire or move to a majority interest in the Company under clause 16.5;

Majority Purchaser means a person who has indicated a willingness to purchase the Minority Shareholder's Shares and other Shares in the Company which together equal up to 51% of the Shares in the Company and who has provided the Minority Shareholder with a bona fide offer to purchase those Shares but does not include any corporation which is a Related Corporation of the Minority Shareholder;

Majority Purchaser shall have the meaning set forth in Section 7.3.