Majority Tranche B Lenders definition

Majority Tranche B Lenders means, at any time, Tranche B Lenders whose Tranche B Commitments (or, after the Tranche B Commitments have terminated, the sum of such Tranche B Lenders’ Applicable Percentages of the Tranche B Obligations at such time) represent an amount greater than 50% of the aggregate Tranche B Commitment (or after termination thereof, the Tranche B Obligations at such time).

Majority Tranche B Lenders means at any time, Tranche B Lenders whose Tranche B Loans outstanding represent at least fifty-one percent (51%) of (a) the aggregate Tranche B Loans outstanding or (b) to the extent there are no Tranche B Loans outstanding, the aggregate of the Tranche B Commitments.

Majority Tranche B Lenders means the Tranche B Lenders holding more than fifty percent (50%) of the outstanding principal amount of the Tranche B Notes.

Examples of Majority Tranche B Lenders in a sentence

• If no successor Administrative Agent or Collateral Agent shall have been so appointed by Majority Tranche B Lenders within thirty (30) days after any such resignation of removal, the retiring Administrative Agent or Collateral Agent may, appoint a successor Administrative Agent or Collateral Agent which shall be a commercial bank organized under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $100,000,000.

• Administrative Agent and Collateral Agent may resign at any time by giving at least fifteen (15) days written notice thereof to Indenture Trustee, each Tranche B Lender, Lessor and Lessee, and each of Administrative Agent and Collateral Agent may be removed at any time with or without cause by Indenture Trustee acting on behalf of Majority Tranche A Noteholders together with Majority Tranche B Lenders.

• Without the prior written consent of the Majority Tranche B Lenders, neither Lessee nor any Person acting on behalf of Lessee has taken or will take any action which might cause any of the Operative Documents to violate Regulation T, U or X or any other regulation of the Board of Governors of the Federal Reserve System or to violate Section 7 of the Exchange Act or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect.

• Without the prior written consent of the Majority Tranche B Lenders, neither Lessee nor any Subsidiary will allow any material change to be made in the character of its business.

• Thereafter, the obligation of the Tranche B Lenders to make or maintain Eurocurrency Rate Loans in the affected currency or currencies shall be suspended until the Administrative Agent (upon the instruction of the Majority Tranche B Lenders) revokes such notice.

More Definitions of Majority Tranche B Lenders

Majority Tranche B Lenders without the consent of all the Tranche B Lenders;

Majority Tranche B Lenders means Tranche B Banks and Tranche B Lender Groups holding greater than 50% of the Tranche B Obligations."

Majority Tranche B Lenders means at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the undrawn Tranche B Commitments at such date and (ii) outstanding principal amount of the Tranche B Loans (excluding Tranche B Loans held by Defaulting Lenders) at such date.

Majority Tranche B Lenders at any time, Tranche B Lenders the then aggregate Lender's Percentages of which are more than 50%.

Majority Tranche B Lenders means the Majority Tranche Lenders -------------------------- with respect to Tranche B-($) and Majority Tranche Lenders with respect to Tranche B-(MC).

Majority Tranche B Lenders or "Requisite Lenders" or modify in any other manner the number or percentage of the Lenders required to make any determinations or waive Credit Agreement ---------------- any rights hereunder or to modify any provision hereof, or (iv) waive any of the conditions precedent set forth in Section 6.01 hereof; (c) notwithstanding the foregoing, if default by COFC in the performance of any provision of this Agreement, or any other event or circumstance, would constitute an Event of Default under any of paragraphs (a), (b), (c), (d) or (l) of Section 9 hereof solely with respect to COFC or any of its Subsidiaries (other than COB or any of its Subsidiaries), then, except with respect to the matters relating to Tranche B-($) or Tranche B-(MC) identified in the lettered subclauses of clause (a) above (the modification, supplement or waiver of which shall require the consent of all of the Tranche B-($) Lenders or Tranche B-(MC) Lenders, as the case may be), such provision may be modified, supplemented or waived, and any such Event of Default may be waived, by an instrument in writing signed by the Borrowers and the Majority Tranche Lenders with respect to Tranche B-($) or Tranche B- (MC), as the case may be, or by the Borrowers and the Administrative Agent acting with the consent of the Majority Tranche Lenders with respect to Tranche B-($) or Tranche B-(MC), as the case may be; and (d) any modification or supplement of Section 10 hereof, or of any of the rights or duties of the Administrative Agent hereunder, shall require the consent of the Administrative Agent. For purposes of this Section 11.04 and Section 11.06(c) hereof, no modification, supplement or waiver relating to any of Sections 7, 8 and 9 of this Agreement shall be deemed to increase, or extend the term of, the Commitments under any Tranche. Anything in this Agreement to the contrary notwithstanding, if at a time when the conditions precedent set forth in Section 6 hereof to any Loan hereunder are, in the opinion of the Majority Lenders, satisfied, any Lender shall fail to fulfill its obligations to make such Loan (any such Lender, a "Defaulting Lender") then, for so long as such failure shall continue, the ----------------- Defaulting Lender shall (unless the Borrowers and the Majority Lenders, determined as if the Defaulting Lender were not a "Lender" hereunder, shall otherwise consent in writing) be deemed for all purposes relating to amendments, modifications, waivers or consents under this Agreeme...

Majority Tranche B Lenders means (i) prior to the occurrence of an Event of Default and the termination of Unfunded Commitments, Lenders the sum of whose Unfunded Commitments consisting of Incremental Facility Commitments structured as an institutional tranche plus Tranche B Loans and Incremental Facility Loans structured as Tranche B Loans or another institutional tranche outstanding equals or exceeds 50.1% of the sum of such items for all Lenders, or (ii) at any time that there exists an Event of Default hereunder, and Unfunded Commitments have been terminated, Lenders the total of whose Tranche B Loans and Incremental Facility Loans structured as Tranche B Loans or another institutional tranche outstanding equals or exceeds 50.1% of the total principal amount of the Tranche B Loans and Incremental Facility Loans structured as Tranche B Loans or another institutional tranche then outstanding hereunder.