Requisite Global Majority definition

Requisite Global Majority. As of any date of determination, the determination of whether a Requisite Global Majority exists with respect to a particular course of action shall be determined in accordance with Section 503 of this Indenture.

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Requisite Global Majority. As defined in the Indenture.

Requisite Global Majority. The Noteholders (other than Spirit Realty or any affiliates thereof) that own in the aggregate more than 66 2/3% of the Aggregate Series Principal Balance (excluding, for the purposes of this determination, any Notes held by Spirit Realty or any of its affiliates).

Examples of Requisite Global Majority in a sentence

• Notwithstanding the foregoing, the Requisite Global Majority will not be required to provide, and the Indenture Trustee will not be required to obtain, a Tax Opinion in the case of a direction by the Requisite Global Majority to the Indenture Trustee, following an Event of Default, to realize upon the Collateral included in the Collateral Pool by liquidating such Collateral or otherwise.

• The Indenture Trustee at the written direction of the Requisite Global Majority may from time to time postpone any Sale by public announcement made at the time and place of such Sale.

• The Issuer shall not establish any additional Trust Accounts without prior written notice to the Indenture Trustee and without the prior written consent of the Requisite Global Majority.

• For the purpose of this Section 5.02, the term “default” means any event which is, or after notice, or direction of the Requisite Global Majority or lapse of time would become, an Event of Default with respect to the Notes.

• City shall pay to Contractor the Equipment Payments in the amount set forth in the Supplemental Basic Information.

More Definitions of Requisite Global Majority

Requisite Global Majority is defined in Appendix A to the Securitization Indenture.

Requisite Global Majority. As defined in the related Series Supplement.

Requisite Global Majority. The Noteholders representing more than 66 2/3% of the Aggregate Series Principal Balance.

Requisite Global Majority. With respect to any action proposed to be taken pursuant to the terms of this Indenture, if (a) Controlling Parties representing more than 50% of the Aggregate Series Principal Balance shall approve or direct such proposed action and (b) unless Controlling Parties representing more than 66 2/3% of the Aggregate Series Principal Balance approve or direct such proposed action, the Insurers (as to which no Insurer Default is continuing) shall approve or direct such proposed action.

Requisite Global Majority shall have the meaning set forth in Section 101 of the Indenture.

Requisite Global Majority. A Requisite Global Majority shall exist with respect to any action proposed to be taken pursuant to the terms of this Indenture or any Supplement if (a) the Control Party or Control Parties representing more than fifty percent (50%) of the aggregate principal balance (or, with respect to any Series of VFNs, prior to a Conversion Event, the Existing Commitment, thereof) of all Series then Outstanding shall approve or direct such proposed action (in making such a determination, each Control Party shall be deemed to have voted the entire aggregate principal balance (or, with respect to any Series of VFNs, prior to a Conversion Event, the Existing Commitment, thereof) of the related Series in favor of, or in opposition to, such proposed action, as the case may be) and (b) unless Control Parties representing more than sixty-six and two-thirds percent (66 2/3%) of the aggregate principal balance of all Series then Outstanding (or, with respect to any Series of VFNs, prior to a Conversion Event, the Existing Commitment, thereof) of all Series then Outstanding shall have approved or directed such proposed action, Ambac, for so long as Ambac shall be designated the Control Party for any Series then Outstanding, shall have also approved or directed such proposed action.

Requisite Global Majority. Asset Base", "Existing Commitment", "Initial Commitment", "Advance Rate", "Aggregate Net Book Value" in this Indenture or any of the terms used in or necessary to interpret such terms;