Majority Senior Lenders definition

Majority Senior Lenders means the Majority Lenders as defined in the Senior Facility Agreement.

Majority Senior Lenders as of any date of determination, the Lenders holding more than 50% of the aggregate outstanding principal amount of the Loan.

Majority Senior Lenders has the meaning given to the term “Instructing Group” (or equivalent) in the Senior Facilities Agreement. If, at any time, there is more than one Senior Facilities Agreement, any reference in this Agreement to the “Majority Senior Lenders” shall be construed so as to refer to the “Instructing Group” (or equivalent) under each such Senior Facilities Agreement (in each case, construed in accordance with the foregoing provisions of this definition, to the extent applicable).

Examples of Majority Senior Lenders in a sentence

• Notwithstanding anything to the contrary in Section 8.6 (Consultants) of the Common Terms Agreement, the Borrower shall appoint as any replacement Consultant prior to the Credit Agreement Discharge Date the Person designated by the Majority Senior Lenders (after consultation with the Borrower if no Event of Default exists).

• The TCF Administrative Agent shall have received evidence satisfactory to the Majority Senior Lenders that the Borrower has received from FERC a notice, order or other written communication authorizing it to place the Project in service, and the Project shall have been placed in service.

• The P1 Administrative Agent may be removed at any time by the Majority Senior Lenders if the P1 Administrative Agent becomes a Defaulting Lender.

• The TCF Administrative Agent shall have received a final Disbursement Endorsement satisfactory to the Majority Senior Lenders and such additional endorsements as the Majority Senior Lenders shall reasonably request as to Substantial Completion of any P1 Train Facilities and which are reasonably obtainable from title insurers in regards to commercial property located in the State of Texas.

• 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 P1 Administrative Agent has posted such proposed amendment to all affected Senior Lenders and the Borrower so long as the P1 Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Majority Senior Lenders.

More Definitions of Majority Senior Lenders

Majority Senior Lenders has the meaning given to the term Majority Lenders in the Senior Facilities Agreement after the application of provisions in the Senior Facilities Agreement equivalent to:

Majority Senior Lenders means, at any time and subject to clause 30.5 (Excluded Commitments) of the Senior Facilities Agreement, those Senior Lenders whose Senior Commitments at that time aggregate more than 662/3 per cent. of the total Senior Commitments at that time.

Majority Senior Lenders means, at any time, Senior Lenders holding more than 50% of the then aggregate unpaid principal amount of the Senior Loan at such time.

Majority Senior Lenders means an Instructing Group as defined in the Senior Facility Agreement;

Majority Senior Lenders means a majority in number of Affected Creditors representing at least two thirds in value of the Affected Creditors.

Majority Senior Lenders means at any time, the Senior Lenders holding in excess of 50.00% of the sum of (a) the aggregate undisbursed Construction/Term Loan Commitments plus (b) the then aggregate outstanding principal amount of the Construction/Term Loans (excluding in each such case any Senior Lender that is a Defaulting Lender, a Loan Party, an Equity Owner, or an Affiliate or Controlled Subsidiary thereof or an Affiliated Lender (but not excluding, in each of the foregoing cases, Total Holdings in its capacity as a Senior Lender), and each Construction/Term Loan Commitment and any outstanding principal amount of any Construction/Term Loan of any such Senior Lender).

Majority Senior Lenders means at any time, the Senior Lenders holding in excess of 50.00% of the sum of the aggregate undisbursed Senior Loan Commitments plus the then aggregate outstanding principal amount of the Senior Loans (excluding in each such case any Senior Lender that is a Loan Party, an Equity Owner, or an Affiliate or Controlled Subsidiary thereof or an Affiliated Lender, and each Senior Loan Commitment and any outstanding principal amount of any Senior Loan of any such Senior Lender).