Majority of Lenders definition

Majority of Lenders means the holder or holders of Notes at the relevant time (excluding Borrower) of more than 50% in outstanding principal amount of the aggregate Secured Indebtedness evidenced by the Notes.

Majority of Lenders means Lenders holding more than 50% of the Aggregate Commitment.

Majority of Lenders means Lenders participating for at least 66,67% in the Loan".

Examples of Majority of Lenders in a sentence

• The Facility Agent is obliged to inform all the Lenders about the issue under discussion using SWIFT system, to get together all the Lenders using the SWIFT system and to determine the position of the Majority of Lenders.

• Bank Staff are said to be an extremely valuable and flexible staffing resource.

• Unless otherwise is expressly provided in any Financial Document, any Decisions taken in line with the procedure provided in Article 23.1 (Decisions of the Majority of Lenders) shall be binding for all the Parties to Financing.

• Servicer shall not, however, enter into any modification or forbearance of the Loans with any borrower without the express written permission of the Lenders (or a Majority of Lenders in a Multi-Lender Loan).

• If there is a Change of Control without the prior written consent of the Agent (which consent shall require the approval of a Majority of Lenders).

More Definitions of Majority of Lenders

Majority of Lenders means at such times as there are any Loans outstanding, the Lenders whose aggregate Pro Rata Shares of the outstanding Loans are greater than or equal to Sixty-Six and 2/3 Percent (662/3%) of the aggregate amount of the outstanding Loans, and at all other times, the Lenders whose aggregate Credit Commitments are greater than or equal to Sixty-Six and 2/3 Percent (662/3%) of the aggregate Credit Commitments of all the Lenders.

Majority of Lenders means those Lenders, from time to time, holding or having more than 50.01% of the Proportionate Share Percentage of the Loan;

Majority of Lenders refers to a single or multiple Lenders with the total of at least 66.7% of participation percentage as of the collective decision reference time point. The "collective decision reference time point" refers to the time when the Agent receives the notice set out in Article 23, Paragraph 1 Item 1 when it is determined by the Lenders that a situation requiring an instruction by majority of Lenders, and if the Agent itself determines that an collective decision would be required, then it refers to the time when the Agent issues a notice set out in Article 23, Paragraph 2.

Majority of Lenders means Lenders owning and holding more than fifty percent of the aggregate Lenders Pro Rata Shares.

Majority of Lenders refer to single or multiple Lenders whose total Participation Ratio (however, after Lending Obligations of All Lenders cease to exist but in a period during which the repayment of all debts under this Agreement concerning the Loan is not completed, such ratio shall be replaced with the ratio of the total amount of principal portions of the Individual Loan Amounts Payable to respective Lenders to the Total Loan Balance at the Reference Time of Making a Collective Decision) is at least 66.7% at the Reference Time of Making a Collective Decision; provided that in cases where a collective decision is made as to whether a notice should be given so that the benefit of time is forfeited in accordance with the provisions of Paragraph 2 of Article 21, Majority of Lenders refer to single or multiple Lenders for which the ratio of the total principal portions of Individual Loan Amounts Payable to respective Lenders to the Total Loan Balance at the Reference Time of Making a Collective Decision is at least 66.7%. Note that the “Reference Time of Making a Collective Decision” refers to a time when the Agent receives a notice set forth in Item 1 under Paragraph 1 of Article 26 in cases where Lenders judge that an event occurs that requires instructions from Majority of Lenders, and a time when the Agent issues a notice under Paragraph 2 of Article 26 in cases where the Agent itself judges that a collective decision needs to be made by Majority of Lenders;

Majority of Lenders means Lenders participating for at least 51% (fifty-one per cent) in the Loan;

Majority of Lenders means, as of any date of determination, the Lenders holding an aggregate of 51% or more of all amounts outstanding under the Loan.