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This Agreement is terminable, without penalty, on 60 days' written notice, by the Board of Directors of the Fund or by vote of holders of a majority of the Fund's shares, or upon 90 days' written notice, by the Adviser. This Agreement will also terminate automatically in the event of its assignment (as defined in said Act).", "id": "majority", "examples": ["The <strong>Majority</strong> Controlling Class Certificateholders may elect the Directing Certificateholder.", "Any other Independent appraisal firm selected by the Loan Parties may be added as an Approved Appraisal Firm, provided that the Loan Parties have notified S&amp;P of such designation in writing and the <strong>Majority</strong> Lenders have not objected within 10 Business Days.", "Each Tranche C Extension Request must be consented to by Revolving Facility Tranche C Lenders holding not less than \u2154 of the Commitments under the Revolving Facility Tranche C (herein the \u201cSpecial <strong>Majority</strong> Tranche C Lenders\u201d), failing which it will be deemed to have been refused.", "Any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Agent shall have posted such proposed amendment to all Lenders and the Borrower unless, prior to such time, Lenders comprising the <strong>Majority</strong> Lenders have delivered to the Agent written notice that such <strong>Majority</strong> Lenders object to such amendment.", "No Loan Party shall change its type of organization, jurisdiction of organization or other legal structure without the prior written consent of the <strong>Majority</strong> Lenders (which consent shall not be unreasonably withheld, delayed or conditioned), and, unless S&amp;P is no longer rating any Loans, will provide notice thereof to S&amp;P.", "Without the prior written consent of the <strong>Majority</strong> Lenders, credit bidding by any Lender (or any other Person) in connection with any foreclosure sale hereunder shall not be permitted.", "Unless and until the <strong>Majority</strong> Lenders have exercised their right to direct the liquidation of the Collateral pursuant to this Article VI, all proceeds received in respect of the Collateral will be applied in accordance with the Priority of Payments specified in Section 9.1(a).", "Each Loan Party hereby agrees that, upon the occurrence and during the continuance of an Event of Default, at the reasonable request of the Collateral Agent or the <strong>Majority</strong> Lenders, it shall execute all documents and agreements which are necessary or appropriate to have the Collateral assigned to the Collateral Agent or its designee.", "Each Tranche A Extension Request must be consented to by Revolving Facility Tranche A Lenders holding not less than \u2154 of the Commitments under the Revolving Facility Tranche A (herein the \u201cSpecial <strong>Majority</strong> Tranche A Lenders\u201d), failing which it will be deemed to have been refused.", "Without the consent of the <strong>Majority</strong> Lenders, no member of the VL Group shall assume, enter into or otherwise become bound by any agreement or undertaking that would reasonably be expected to prevent such Person from declaring or paying dividends or inter-company payments or distributions of any kind to the Borrower, except as contained herein."], "related": [["simple-majority", "Simple Majority", "Simple <strong>Majority</strong>"], ["majority-vote", "Majority Vote", "<strong>Majority</strong> Vote"], ["vote-of-a-majority", "vote of a majority", "vote of a <strong>majority</strong>"], ["requisite-majority", "Requisite Majority", "Requisite <strong>Majority</strong>"], ["super-majority", "Super Majority", "Super <strong>Majority</strong>"]], "related_snippets": [], "updated": "2026-04-02T05:49:26+00:00"}, "json": true, "cursor": ""}}