Majority Buyers definition

Majority Buyers means at any time a Buyer or Buyers then holding in excess of 50%of the then aggregate unpaid principal amount of the Notes.

Majority Buyers shall have the meaning specified in the Administration Agreement.

Majority Buyers. At any time, if there are two or fewer Buyers, Buyers whose Buyer's Percentages aggregate 100%; if there are more than two Buyers, Buyers whose Buyer's Percentages aggregate at least 60%.

Examples of Majority Buyers in a sentence

• The Collateral Agent may, and at the request of the Majority Buyers shall, resign as Collateral Agent upon 30 days’ notice to the Buyers.

• The Collateral Agent shall take such action with respect to such Default or Event of Default as may be requested by the Majority Buyers in accordance with this Agreement; provided, however, that unless and until the Collateral Agent has received any such request, the Collateral Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such default or Event of Default as it shall deem advisable or in the best interest of the Buyers.

• No provision of this Agreement may be amended other than by an instrument in writing signed by the Company and the Majority Buyers, and any amendment to this Agreement made in conformity with the provisions of this Section 10(e) shall be binding on all Buyers and holders of Securities, as applicable.

• The Collateral Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Transaction Document in accordance with a request or consent of the Majority Buyers and such request and any action taken or failure to act pursuant thereto shall be binding upon all of the Buyers.

• If the Collateral Agent resigns under this Agreement, the Majority Buyers shall appoint from among the Buyers a successor agent for the Buyers, which successor agent shall be approved by the Company, such approval not to be unreasonably withheld.

More Definitions of Majority Buyers

Majority Buyers means the action, consent or vote of Buyers holding [__%] or more of the outstanding principal amount of the Notes, or the action, consent or vote of the Collateral Agent at the direction of such Buyers..

Majority Buyers means, at any time, Buyers having 50% or more of open Transactions hereunder.

Majority Buyers means at any time the Buyer and the Other Buyers who (based on the number of shares of Series B Preferred Stock committed to be purchased, or, on and after a Closing Date, actually purchased by the Buyer and the Other Buyers) committed to purchase or purchased shares of Series B Preferred Stock which constitute a majority of the shares of Series B Preferred Stock so committed to be purchased, or purchased, as the case may be; provided, however, that the shares of Series B Preferred Stock committed to be purchased by the Buyer or any Other Buyer who defaults on its commitment shall be excluded from such determination.

Majority Buyers means, at any time, the Buyers whose

Majority Buyers means, at any time, the Buyers whose Maximum Net Investments aggregate more than 50% of the Aggregate Maximum Net Investment; provided, however, that so long as the Maximum Net Investment of one Buyer is greater than 50% of the Aggregate Net Investment and there is more than one Buyer, then "Majority Buyers" shall mean a minimum of two Buyers.

Majority Buyers means a minimum of two Buyers.

Majority Buyers means, for any day, the Buyers with aggregate Commitments evidencing sixty-six and two-thirds percent (66-2/3%) or more of (a) the aggregate Commitments if on that day the Buyers are committed to enter into Transactions under the Repurchase Agreement or (b) the aggregate outstanding Purchase Price if on or after that day the Buyers’ Commitments have expired or have been terminated and have not been reinstated.