Majority Purchasers definition

Majority Purchasers means one or more Purchasers representing more than 50% of the aggregate Commitments of all Purchasers (or, if the Commitments have been terminated, Purchasers representing 100% of the aggregate outstanding Capital held by all the Purchasers); provided, however, that in no event shall the Majority Purchasers include fewer than two (2) Purchasers at any time when there are two (2) or more Purchasers.

Majority Purchasers means Purchasers which, at any given time, hold greater than fifty percent (50%) of the voting power of the outstanding Shares.

Majority Purchasers means a minimum of two Purchasers whose Commitments aggregate more than 50% of the aggregate Commitments.

Examples of Majority Purchasers in a sentence

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

• The Administrative 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 at the direction of the Purchasers or the Majority Purchasers, as the case may be, and such request or direction and any action taken or failure to act pursuant thereto shall be binding upon all Purchaser Parties.

• If no successor Administrative Agent shall have been so appointed by the Majority Purchasers, within thirty (30) days after the departing Administrative Agent’s giving of notice of resignation, the departing Administrative Agent may, on behalf of the Secured Parties, appoint a successor Administrative Agent as successor Administrative Agent.

• The Administrative Agent shall in all cases be fully justified in failing or refusing to take action under any Transaction Document unless it shall first receive such advice or concurrence of the Purchasers or the Majority Purchasers, as the case may be, and assurance of its indemnification by the Purchasers, as it deems appropriate.

• Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent posted such proposed amendment to all affected Purchasers and the Seller so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Purchasers comprising the Majority Purchasers.

More Definitions of Majority Purchasers

Majority Purchasers has the meaning set forth in Section 8.11.

Majority Purchasers means Purchasers which, at any given time, hold greater than fifty percent (50%) of the voting power of the outstanding Shares, that have not been resold pursuant to an effective registration statement under the Securities Act or Rule 144 under the Securities Act.

Majority Purchasers means Purchasers having a share of the Aggregate Participation equal to or greater than 50%.

Majority Purchasers means the Majority Revenue Participant and, if any of the Notes are outstanding, the Majority Note Purchaser.

Majority Purchasers means Purchasers holding, at any time, a majority of the outstanding Shares purchased hereunder on such date.

Majority Purchasers means, at any time, the holders of more than fifty percent (50%) of the outstanding Purchased Securities.

Majority Purchasers means Purchasers holding a majority of the then aggregate outstanding principal amount of the Notes.