Majority Liquidity Banks definition

Majority Liquidity Banks means (i) Liquidity Banks having an aggregate Percentage of the Aggregate Liquidity Commitment greater than fifty percent (50%) or (ii) if the Aggregate Liquidity Commitment shall have been terminated, Liquidity Banks holding more than 50% of the aggregate outstanding Liquidity Loans.
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Majority Liquidity Banks. (as such term is defined in the Liquidity Agreement)), and (b) if evidenced by a Contract other than a Practice Finance Loan, is required pursuant to the terms thereof to be paid in full within 72 months of the original commencement date thereof (or such longer period as may be consented to by the Collateral Agent and the "Majority Liquidity Banks" (as such term is defined in the Liquidity Agreement)); PROVIDED, HOWEVER, that an aggregate amount of 30% of such Contracts that are not Practice Finance Loans and are underlying Purchased Receivables may be allowed pursuant to the terms thereof to be paid in full within 84 months of the original commencement date thereof so long as each such Contract satisfies each other requirement for an Eligible Receivable as set forth herein;
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Majority Liquidity Banks. (as such term is defined in the Liquidity Agreement)); PROVIDED, HOWEVER, that an aggregate amount of 30% of such Contracts that are not Practice Finance Loans and are underlying Purchased Receivables may be allowed pursuant to the terms thereof to be paid in full within 84 months of the original commencement date thereof so long as each such Contract satisfies each other requirement for an Eligible Receivable as set forth herein;
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Examples of Majority Liquidity Banks in a sentence

  • If the Majority Liquidity Banks have not appointed a successor agent within forty-five (45) days of the Administrative Agent’s resignation notice, the resigning Administrative Agent shall appoint a successor.

  • In the event of such resignation, the Majority Liquidity Banks shall as promptly as practicable appoint a successor agent to replace the Administrative Agent; provided that such successor agent shall be a Liquidity Bank under this Agreement.

  • In the event of such resignation, the Majority Liquidity Banks shall as promptly as practicable appoint a successor agent to replace the Administrative Agent.

  • The Liquidity Agent may resign at any time by giving written notice thereof to the Liquidity Banks and the Liquidity Borrower and the Administrative Agent and may be removed at any time with or without cause by the Majority Liquidity Banks upon written notice thereof to the Liquidity Agent and the Liquidity Borrower.

  • If the Majority Liquidity Banks have not appointed a successor agent within forty-five (45) days of the Administrative Agent's resignation notice, the resigning Administrative Agent shall appoint a successor.

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  • No amendment or waiver of any provision of this Guaranty nor consent to any departure by the Guarantor therefrom shall in any event be effective unless such amendment or waiver shall be in writing and signed by the Guarantor, the Letter of Credit Agent (who shall act following the receipt of the consent of the Majority Letter of Credit Banks), the Administrative Agent (who shall act following the receipt of the consent of the Majority Liquidity Banks), the Collateral Agent and the Trustee.

  • If no successor agent has accepted appointment as Agent by the date which is thirty (30) days following a retiring Agent’s notice of resignation, the retiring Agent’s resignation shall nevertheless thereupon become effective and the Administrator shall perform all of the duties of the Agent hereunder until such time, if any, as the Majority Liquidity Banks appoint a successor agent as provided for above.

  • Upon the occurrence of a Liquidity Event of Default or at any time thereafter during the continuation of such Liquidity Event of Default, the Liquidity Agent may, with the consent of the Majority Liquidity Banks, and shall, upon the request of the Majority Liquidity Banks, declare the Liquidity Commitments to be terminated forthwith, whereupon the Liquidity Commitments shall immediately terminate.


More Definitions of Majority Liquidity Banks

Majority Liquidity Banks means, at any time, Liquidity Banks that are owed more than 66_% of the aggregate unpaid principal amount of the Advances then outstanding or, if no Advances are then outstanding, Liquidity Banks having more than 66_% of the aggregate Liquidity Commitments. For purposes of this definition, "Advance" shall not include any Downgraded Bank Advance (other than to the extent such Downgraded Bank Advance has been converted into a Funding Advance).
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Majority Liquidity Banks shall have the right to appoint a successor Liquidity Agent, provided that each of the Surety Provider and the Liquidity Borrower shall have the right to approve the successor Liquidity Agent, which approval shall not be unreasonably withheld or delayed. If no successor Liquidity Agent shall have been so appointed by the Majority Liquidity Banks and approved by the Liquidity Borrower, and shall have accepted such appointment, within 30 days after the retiring Liquidity Agent's giving of notice of resignation or the Majority Liquidity Banks' removal of the retiring Liquidity Agent, then the retiring Liquidity Agent may, on behalf of the Liquidity Banks, appoint a successor Liquidity Agent, which successor Liquidity Agent shall be either a commercial bank having a combined capital and surplus of at least $250,000,000 or an Affiliate of such an institution, which shall in either case have a short-term unsecured indebtedness rating of at least A-1 by S&P and P-1 by Moody's. Upon the acceptance of xxx xxxointment as Liquidity Agent hereunder by a successor Liquidity Agent, such successor Liquidity Agent shall thereupon succeed to and become vested with all the rights, powers, privileges, and duties of the retiring Liquidity Agent, and the retiring Liquidity Agent shall be discharged from its duties and obligations under this Agreement and the other Transaction Documents. After any retiring Liquidity Agent's resignation or removal hereunder as Liquidity Agent, the provisions of this Article VII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Liquidity Agent under this Agreement and the other Transaction Documents.
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Majority Liquidity Banks holders of Liquidity Loans Notes," or any similar terms shall, unless the context clearly otherwise indicates, include JPMorgan Chase in its individual capacity. JPMorgan Chase may accept deposits from, lend money to, and 42 generally engage in any kind of banking, trust or other business with any Program Party or any of their Affiliates as if it were not performing the duties specified herein, and may accept fees and other consideration from any Program Party or any of their Affiliates for services in connection with any Transaction Document and otherwise without having to account for the same to any other Program Party. The Liquidity Banks expressly waive any conflict of interest or any similar claims against JPMorgan Chase arising solely out of such multiple roles of JPMorgan Chase. XX Xxxxxx Xxxxx as a Liquidity Bank, the Administrative Agent and the Depositary shall have the same rights, powers, remedies and privileges as any Program Party and may exercise the same as though it were not acting in multiple capacities in connection with the Transaction Documents.
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Majority Liquidity Banks means, at any time, those Liquidity Banks holding Commitments aggregating in excess of fifty percent (50%) of the Commitments as of such date (or, if the Commitments shall have been terminated, one (1) or more Liquidity Banks whose aggregate pro rata shares of the Net Liquidity Advances exceed fifty percent (50%) of the Net Liquidity Advances).
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Related to Majority Liquidity Banks

  • Majority Banks means at any time Banks holding more than 50% of the Commitments, or if the Commitments have been terminated, Banks holding more than 50% of the then aggregate unpaid principal amount of the Advances.

  • Super Majority Banks means at any time Banks having at least 85% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing at least 85% of the aggregate unpaid principal amount of the Loans.

  • Supermajority Banks means Banks having more than 75% of the sum of the Aggregate Commitments or, after the Revolving Credit Termination Date, more than 75% of the aggregate Revolving Loans outstanding (including funded participating interests in Swingline Loans).

  • Majority Lenders means a Lender or Lenders whose Commitments aggregate more than sixty six and two thirds per cent (66 2/3%) of the aggregate of all the Commitments.

  • Required Banks means at any time Banks having at least 66 2/3% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing at least 66 2/3% of the aggregate unpaid principal amount of the Loans.

  • Liquidity Agent means any bank or other financial institution acting as agent for the various Liquidity Providers under each Liquidity Agreement.

  • Requisite Lenders means Lenders having (a) more than 50% of the Commitments of all Lenders, or (b) if the Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Loans.

  • Liquidity Bank means the Person or Persons who provide liquidity support to any Conduit Lender pursuant to a Liquidity Agreement in connection with the issuance by such Conduit Lender of Commercial Paper Notes.

  • Super Majority Lenders means a Lender or Lenders whose Revolving Facility Commitments aggregate more than eighty five per cent. (85%) of the Total Facility Commitments (or, if the Total Facility Commitments have been reduced to zero, aggregated more than eighty five per cent. (85%) of the Total Facility Commitments immediately prior to that reduction).

  • Supermajority Lenders means, at any time, Lenders having Credit Exposure and unused Commitments representing at least 66 2/3% of the sum of the total Credit Exposure and unused Commitments at such time.

  • Class B Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Class A Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Majority Purchaser Agents means a minimum of two Purchaser Agents which in their related Purchaser Group have Related Committed Purchasers whose Commitments aggregate more than 50% of the aggregate Commitment of all Related Committed Purchasers in all Purchaser Groups.

  • Replacement Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Required Lenders means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than 50% of the sum of the total Revolving Credit Exposures and unused Commitments at such time.

  • Majority Revolving Lenders at any time, (a) if only one Revolving Lender holds the Total Revolving Commitments at such time, such Revolving Lender, both before and after the termination of such Revolving Commitment; and (b) if more than one Revolving Lender holds the Total Revolving Commitment, at least two Revolving Lenders who hold more than 50% of the Total Revolving Commitments (including, without duplication, the L/C Commitments) or, at any time after the termination of the Revolving Commitments when such Revolving Commitments were held by more than one Revolving Lender, at least two Revolving Lenders who hold more than 50% of the Total Revolving Extensions of Credit then outstanding (including, without duplication, any L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time)); provided that the Revolving Commitments of, and the portion of the Revolving Loans and participations in L/C Exposure and Swingline Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Majority Term Lenders at any time, (a) if only one Term Lender holds the Term Loan, such Term Lender; and (b) if more than one Term Lender holds the Term Loan, at least two Term Lenders who hold more than 50% of the principal sum of all Term Loans outstanding; provided that the portion of the Term Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Term Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Note Majority means a majority by principal amount of the Noteholders.

  • Requisite Majority means, as at any particular time, Passenger Operators whose Vehicle departures from the Station, expressed as a percentage of Total Departures, as at the relevant date, together are at least equal to the percentage specified in paragraph 4 of Annex 8 (or such other percentage as the ORR may specify by notice to the Station Facility Owner and to each Passenger Operator as the new percentage which is to apply for these purposes following the entry into, variation, amendment or termination of an access contract permitting a passenger service operator to use the Station, a Change in Control of any Passenger Operator or any event which results in a material change to the proportion of the Total Departures made by trains operated by or on behalf of any Passenger Operator);

  • Requisite Term Loan Lenders shall in no event mean less than two Term Loan Lenders.

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.

  • Funding Agent or "agents" means an investment firm, trust bank, or other financial

  • Class A Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Requisite Noteholders Holders of Notes evidencing not less than a majority of the Outstanding Amount of the Controlling Class.

  • Credit Facility Agent means the then acting Agent as defined in and under the Credit Facility or any successor thereto.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.