Examples of Majority Beneficiaries in a sentence

Upon its termination or resignation, the Trustee of the Second Trust will promptly settle the existing rights and obligations of the Trustee of the Second Trust as against the Trustor of the Second Trust and the Beneficiaries of the Second Trust and deliver to the Successor Trustee or to a person designated by the Majority Beneficiaries and ABL Lenders, all records, files, and information held in accordance with the Second Trust Agreement.
Includes activities related to Conservation (Mining), consistent with the protection of17 archeological, cultural, ecological, and natural resources.18 A Supplement Analysis (DOE/EIS-0222-SA-01, Supplement Analysis.
If the Trustee of the Second Trust is dismissed or resigns pursuant to the Second Trust Agreement (except for (c) of C above), the Majority Beneficiaries and ABL Lenders will, jointly appoint a Successor Trustee which meets the Trustee Eligibility Criteria and is willing to accept the appointment as trustee under the Second Trust Agreement.
The Majority Beneficiaries cannot give a direction or instruction to the Security Trustee overriding or preventing the implementation of any instruction given by a Reduced Majority in accordance with the above terms.
Enforcement (a) A Beneficiary must not, without the prior written consent of the Security Trustee acting on the instructions of the Majority Beneficiaries, take enforcement action.

More Definitions of Majority Beneficiaries

Majority Beneficiaries means two (2) or more QSF Beneficiaries who collectively hold at least 51% of the QSF Representative Shares.

Majority Beneficiaries means, at any time, Beneficiaries holding a ---------------------- majority in interest of the Restricted Shares (including Restricted Shares issuable upon exercise of Warrants) at such time.

Majority Beneficiaries means, at any time, Beneficiaries (other than Republic and any of its Affiliates (excluding NFLP, Alamo Leasing, CarTemps Leasing, any other Lessor Grantor and any Affiliate of Republic that is a special purpose entity that has entered into a financing arrangement secured by one or more Series of Notes), if applicable) that hold or represent or act on

Majority Beneficiaries means, at any time, Beneficiaries (other than National, if applicable) that hold or represent or act on behalf of Financing Sources (other than National, if applicable) that hold (including by way of pledge or assignment) more than 66-2/3% of the outstanding principal amount of indebtedness of National or NFLP under the Financing Documents at such time (excluding any such indebtedness held by National or NFLP).

Majority Beneficiaries means, at any time, Beneficiaries (other than Republic and any of its Affiliates (excluding NFLP), if applicable) that hold or represent or act on behalf of Financing Sources (other than Republic and any of its Affiliates (excluding NFLP), if applicable) that hold (including by way of pledge or assignment) more than 66-2/3% (in the case of Series 1996-1 Notes) or 50% (in the case of Series 1997 Variable Funding Notes and any other Series of notes other than the Series 1996-1 Notes) of the outstanding principal amount of indebtedness of any of the Lessee Grantors or NFLP under the Financing Documents related to a Financing Source and Beneficiary Supplement at such time (excluding any such indebtedness held by any of the Lessee Grantors or NFLP).

Majority Beneficiaries means Majority Lenders as defined in the Senior Credit Agreement.

Majority Beneficiaries means a Beneficiary or Beneficiaries to whom in aggregate more than sixty-six and two thirds per cent. of the amounts outstanding under the Senior Facilities is (or, immediately prior to its repayment, was then) owed, calculated on the date on which the Facility Agent under the Senior Facilities Agreement seeks instructions from the Beneficiaries.