Required Funding Agents definition

Required Funding Agents means, at any time, Funding Agents that are Affiliates of Alternate Investors that hold Commitments aggregating at least 67% of the Maximum Net Investment as of such date (or, if the Commitments shall have been terminated, one or more Funding Agents that are Affiliates of Alternate Investors whose aggregate pro rata shares of the Net Investment exceeds 67% of the aggregate share of the Net Investment held by all Alternate Investors).
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Required Funding Agents means (i) at any time prior to the Facility Termination Date, Funding Agents whose related Committed Purchasers have Commitments at such time which, in the aggregate, exceed sixty-six and two thirds percent (662/3%) of the sum of the Commitments of all Committed Purchasers hereunder at such time; provided, however, that for purposes of this definition, the aggregate Capital of the Purchasers in a Purchaser Group at such time shall be deemed to be the Commitments of the Committed Purchasers in such Purchaser Group at such time and will not include those Commitments attributable to a Non-Renewing Committed Purchaser in such Purchaser Group or (ii) from and after the Facility Termination Date, Funding Agents whose related Purchasers hold Capital at such time which, in the aggregate, exceeds sixty-six and two thirds percent (662/3%) of the Aggregate Capital hereunder at such time.
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Required Funding Agents means (a) if there are two or fewer Funding Agents, each Funding Agent, except in the case of the declaration of the Facility Termination Date, in which case the “Required Funding Agents” shall be either Funding Agent, and (b) if there are three or more Funding Agents, (i) prior to the payment in full of the Class A Loans, the Funding Agents representing Lender Groups holding 50% of the Class A Commitments or, for purposes of Article VII, Funding Agents that represented 50% of the Class A Commitments immediately prior to such termination and (ii) at or after the Class B Addition Date, Funding Agents representing Lender Groups holding 50% of the Class B Commitments or, for purposes of Article VII, Funding Agents that represented 50% of the Class B Commitments immediately prior to such termination; provided that, in each case if the Scheduled Commitment Facility Termination Date has occurred with respect to a Committed Lender, for purposes of this definition and Clause 11.1 (Amendments, Etc.) such Committed Lender shall be deemed to have a Class A Commitment or Class B Commitment, as applicable, equal to the sum of the outstanding Principal Balance of its Class A Loans or Class B Loans, respectively.
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Examples of Required Funding Agents in a sentence

  • 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 Funding Agents, the Committed Lenders or the Required Funding Agents, as the case may be, and assurance of its indemnification by the Committed Lenders, as it deems appropriate.

  • The Agent is authorized at any time after the occurrence and during the continuation of an Amortization Event (with the consent of the Required Funding Agents), to date and to deliver to the Collection Banks the Collection Notices.

  • The Borrower will not amend, modify, change or repeal any of its Organic Documents without the prior written consent of the Required Funding Agents, which consent shall not be unreasonably withheld.

  • If the Agent shall resign, then the Required Funding Agents, acting on behalf of the Financial Institutionsin their respective Conduit Groups, during such thirty-day period shallcollectively appoint from among the Purchasers a successor agent.

  • 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 Required Funding Agents, Funding Agents or Committed Lenders, 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 Conduit Lenders, Committed Lenders and the Funding Agents.

  • At any time after the occurrence of an Amortization Event, the Agent (with the consent of the Required Funding Agents) may, or may direct Seller or the Master Servicer to, notify the Obligors of Receivables, at Seller’s expense, of the ownership or security interests of the Purchasers under this Agreement and may also direct that payments of all amounts due or that become due under any or all Receivables be made directly to the Agent or its designee.

  • Upon installation of dwelling foundation walls, an as-constructed Foundation Elevation and Location Certification Form must be submitted to the Township for approval prior to backfilling foundation walls.

  • The Tribunal also concluded that a modification to the Contract (the “Bankability Addendum”) was not indicative of corruption as it did not provide Rutas any terms more favorable than those in the original agreement.

  • Except as provided below, such resignation shall not become effective until a successor Administrative Agent is appointed by the Required Funding Agents (with the consent of the Servicer, such consent not to be unreasonably withheld or delayed) and has accepted such appointment.

  • The Administrative Agent may (and, if so directed by the Required Funding Agents, shall) assume exclusive control of the Borrower Accounts.


More Definitions of Required Funding Agents

Required Funding Agents means the Funding Agents for the Purchaser Groups having aggregate Purchaser Group Limits in excess of fifty percent (50%) of the Maximum Purchase Limit.
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Required Funding Agents means at any time (a) Funding Agents for Lender Groups including Lenders then holding at least 66 2/3% of the Total Outstanding Advances or (b) if no Advances are outstanding, Committed Lenders whose Commitments total at least 66 2/3% of the aggregate of all Commitments at such time.
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Related to Required Funding Agents

  • Managing Agents is defined in the preamble.

  • Funding Agent or "agents" means an investment firm, trust bank, or other financial

  • L/C Issuer means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder.

  • Acquired Fund means any investment company in which the Fund invests or has invested during the previous fiscal year. The “Total Annual Fund Operating Expenses” and “Net Annual Fund Operating Expenses” will not match the Fund’s gross and net expense ratios reported in the Financial Highlights from the Fund’s financial statements, which reflect the operating expenses of the Fund and do not include Acquired Fund Fees and Expenses.

  • Majority Purchaser Agents means a minimum of two Purchaser Agents which in their related Purchaser Group have Related Committed Purchasers whose Commitments aggregate more than 50% of the aggregate Commitment of all Related Committed Purchasers in all Purchaser Groups.

  • Majority in Interest of Note Holders Make-Whole Amount" or "Note Holder," or the percentage of Note Holders required to take or approve any action hereunder, (ii) reduce the amount, or change the time of payment or method of calculation of any amount, of Original Amount, Make-Whole Amount, if any, or interest with respect to any Equipment Note, or alter or modify the provisions of Article III hereof with respect to the order of priorities in which distribution thereunder shall be made as among the Note Holders, the Owner Trustee and Lessee, (iii) reduce, modify or amend any indemnities in favor of the Owner Trustee, the Mortgagee or the Note Holders (except that the Owner Trustee (in its individual capacity) or the Mortgagee, as the case may be, may consent to any waiver or reduction of an indemnity payable to it) or the other Indenture Indemnitees, (iv) consent to any change in the Trust Indenture or the Lease which would permit redemption of Equipment Notes earlier than permitted under Section 2.10 or 2.11 hereof or the purchase or exchange of the Equipment Notes other than as permitted by Section 2.13 hereof, (v) except as contemplated by the Lease or the Participation Agreement, reduce the amount or extend the time of payment of Basic Rent, Stipulated Loss Value, or Termination Value for the Aircraft in each case as set forth in the Lease, or modify, amend or supplement the Lease or consent to any assignment of the Lease, in either case releasing Lessee from its obligations in respect of the payment of Basic Rent, Stipulated Loss Value or Termination Value for the Aircraft or altering the absolute and unconditional character of the obligations of Lessee to pay Rent as set forth in Sections 3 and 16 of the Lease or (vi) permit the creation of any Lien on the Trust Indenture Estate or any part thereof other than Permitted Liens or deprive any Note Holder of the benefit of the Lien of this Trust Indenture on the Trust Indenture Estate, except as provided in connection with the exercise of remedies under Article IV hereof.

  • Super Majority Banks means at any time Banks having at least 85% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing at least 85% of the aggregate unpaid principal amount of the Loans.

  • Co-Syndication Agents as defined in the preamble hereto.

  • Co-Documentation Agents as defined in the preamble hereto.

  • Syndication Agents as defined in the preamble hereto.

  • Lead Securitization Note Holder Representative means the “Directing Certificateholder” or equivalent Person under the Lead Securitization Servicing Agreement.

  • Required Secured Parties has the meaning given to it in the Intercreditor Agreement.

  • Non-Lead Securitization Note Holder Representative means the “Directing Certificateholder” or equivalent Person under the Non-Lead Securitization Servicing Agreement.

  • Remarketing Agent(s) has the meaning set forth in the Supplemental Indenture.

  • Structuring Agent means PNC Capital Markets LLC, a Pennsylvania limited liability company.

  • Required Noteholders has, with respect to any Series of Notes, the meaning stated in the related Series Supplement.

  • Syndication Agent as defined in the preamble hereto.

  • NIM Issuer The entity established as the issuer of the NIM Securities.

  • Authenticating Agents As defined in Section 9.10.

  • Co-Documentation Agent as defined in the preamble hereto.

  • banking group means the New Zealand business of the registered bank and its subsidiaries as required to be reported in group financial statements for the group’s New Zealand business under section 461B(2) of the Financial Markets Conduct Act 2013.

  • Co-Syndication Agent means each of Bank of America, N.A., Branch Banking and Trust Company and Xxxxx Fargo Bank, N.A. in its capacity as syndication agent for the credit facility evidenced by this Agreement.

  • Lender Group Representatives has the meaning specified therefor in Section 17.9 of the Agreement.

  • Initial Note Holders shall have the meaning assigned to such term in the preamble to this Agreement.

  • 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).

  • Independent Investment Bank means one of the Reference Treasury Dealers that the Issuer appoints to act as the Independent Investment Bank from time to time.