Majority Super Senior Creditors definition

Majority Super Senior Creditors means, at any time, those Super Senior Creditors whose Super Senior Credit Participations at that time aggregate more than 50 per cent. of the total Super Senior Credit Participations at that time.
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Majority Super Senior Creditors means those Super Senior Creditors whose Super Senior Credit Participations at that time aggregate more than 66 2/3 per cent. of the total Super Senior Credit Participations at that time.”
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Majority Super Senior Creditors means, at any time, the first in time to issue instructions to the Security Trustee of:
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Examples of Majority Super Senior Creditors in a sentence

  • Prior to the Final Discharge Date, the Intra-Group Lenders may not take, accept or receive the benefit of any Security, guarantee, indemnity or other assurance against loss in respect of the Intra-Group Liabilities unless the prior consent of the Majority Super Senior Creditors and the Required Pari Passu Creditors is obtained.

  • This Agreement may be amended or waived only with the consent of the Creditor Representatives, the Majority Super Senior Creditors and the Required Pari Passu Creditors and the Security Agent.

  • IncludeDFARS Case 2010–D018 in the subject line of the message.Æ FAX: 703–602–0350.Æ Mail: Defense Acquisition Regulations System, Attn: Mrs.

  • Alternatively the Common Security Agent may (after having consulted with the Parent) resign by giving 30 days’ notice to the Primary Creditors and the Parent, in which case the Majority Super Senior Creditors and the Required Pari Passu Creditors may appoint a successor Common Security Agent.

  • In all but an enforcement context, the Instructing Group is constituted by the Majority Super Senior Creditors (meaning 66.7% of the SSRF creditors and the SSGF creditors) and the Majority Pari Passu Creditors (meaning 50% of the holders of the SSNs).

  • The Majority Super Senior Creditors and the Required Pari Passu Creditors may (after having consulted with the Parent), by notice to the Common Security Agent, require it to resign in accordance with paragraph (b) above.

  • The Majority Super Senior Creditors and the Required Pari Passu Creditors may, by notice to the Intercreditor Agent, require it to resign in accordance with paragraph (b) above.

  • If the Majority Super Senior Creditors and the Required Pari Passu Creditors have not appointed a successor Common Security Agent in accordance with paragraph (b) above within 20 days after notice of resignation was given, the retiring Common Security Agent (after consultation with the Creditor Representatives and the Hedge Counterparties) may appoint a successor Common Security Agent.

  • Required consents This Agreement may be amended or waived only with the consent of the Creditor Representatives, the Majority Super Senior Creditors and the Required Pari Passu Creditors and the Security Agent.

  • The Super Senior Bonds Agent shall, based on such results, determine the decision of the Collective Majority Super Senior Creditors and act as the Super Senior Representative if not replaced with another representative appointed by the Collective Majority Super Senior Creditors.(b) If, and for as long as, the New Super Senior Debt is larger than the Bonds, each of the Super Senior Creditors hereby irrevocably appoints the Super Senior Bonds Agent to act as Super Senior Representative.


More Definitions of Majority Super Senior Creditors

Majority Super Senior Creditors means, at any time, the Super Senior Creditors whose super senior credit participations at that time aggregate more than fifty per cent (50.00%) of the total aggregate amount of the super senior credit participations at that time.
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Majority Super Senior Creditors means those Super Senior Creditors whose Super Senior Credit Participations at that time aggregate more than 66 2/3 per cent. of the total Super Senior Credit Participations at that time.” (b) The definition of “Super Senior Hedging Amount” of the Cabot Intercreditor Agreement is hereby amended to readas follows:
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Majority Super Senior Creditors means, at any time:
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Majority Super Senior Creditors means, at any time, those RCF Lenders and Hedge Counterparties whose Super Senior Credit Participations at that time aggregate more than 662/ % of the total Super Senior Credit Participations at that time.
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Related to Majority Super Senior Creditors

  • Majority Noteholders means the Holders of the Notes representing a majority of the principal balance of the most senior Class of Notes then outstanding.

  • 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).

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Senior Representative means, with respect to any series of Indebtedness, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities.

  • Exit Facility Agent means the agent under the Exit Facility.

  • Requisite Holders means at any time holders of Warrant Shares and Warrants representing at least a majority of the Warrant Shares outstanding or issuable upon the exercise of all the outstanding Warrants.