Requisite Participants definition

Requisite Participants means at any time, Participants having LC Facility Exposure and unused Commitments representing more than 50% of the sum of all LC Facility Exposure outstanding and unused Commitments at such time; provided that the Commitments and LC Facility Exposure of any Defaulting Participant shall be excluded for purposes of making a determination of Requisite Participants.
Sample 1Sample 2Sample 3
Requisite Participants means the Participants that hold a majority of the outstanding Common Units that were initially subject to vesting under this Appendix.
Sample 1Sample 2Sample 3
Requisite Participants means as of any date (i) if there are two (2) or fewer Participants holding Commitments, "Requisite Participants" shall mean all of such Participants, or (ii) if there are more than two (2) Participants holding Commitments, "Requisite Participants" shall mean the Participants holding at least sixty-five percent (65%) of the outstanding principal amount of the Unpaid Drawing on such date; and if no such principal is outstanding, the Participants whose aggregate Commitments constitute at least sixty-five percent (65%) of the Total Available Commitments.
Sample 1

Examples of Requisite Participants in a sentence

  • Upon receipt of any such notice of resignation, the Requisite Participants shall have the right, in consultation with the Applicants, to appoint a successor, which shall be a bank (other than a Defaulting Participant), or an Affiliate of any such bank (such successor, the “Successor Agent”).

  • Except as otherwise provided herein or as to any term or provision hereof which provides for the consent or approval of the Agent and/or the Issuing Bank, no term or provision of this Agreement or any other Credit Document may be changed, waived, discharged or terminated, nor may any consent required or permitted by this Agreement or any other Credit Document be given, unless such change, waiver, discharge, termination or consent receives the written approval of the Requisite Participants.

  • The Agent shall take such action with respect to such Event of Default as shall be reasonably directed by the Requisite Participants or all of the Participants, as may be applicable.

  • The Requisite Participants, for good cause, may remove Agent at any time by giving thirty (30) days' prior written notice to the Agent, the Issuing Bank, the Account Party and the other Participants.

  • If no successor Agent shall have been so appointed by the Requisite Participants and accepted such appointment within thirty (30) days after the retiring Agent's giving notice of resignation or the Requisite Participants' giving notice of removal, as the case may be, then the retiring Agent may appoint, on behalf of the Account Party and the Participants, a successor Agent.

  • Any waiver, extension or release at any time granted by the Agent hereunder (with the approval of the Requisite Participants or all of the Participants, as may be applicable), shall be deemed to be made in pursuance and not in modification hereof, and any such waiver in any instance, or under any particular circumstance shall not be considered a waiver of such condition in any other instance or any other circumstance.

  • Upon any such resignation or removal, the Requisite Participants shall have the right to appoint a successor Agent.

  • The Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Credit Document unless it shall first receive such advice or concurrence as it deems appropriate from the Requisite Participants or all of the Participants, as may be applicable, or it shall first be indemnified to its satisfaction by the Participants against any and all liability and expense which may be incurred by it by reason of the taking or failing to take any such action.

  • Agent may, and with the direction of the Requisite Participants shall, declare the Obligations evidenced by this Agreement and the other Credit Documents immediately due and payable (provided that in the case of the occurrence of an event set forth in Sections 11.1 (e) and 11.1(f) such acceleration shall be automatic).


More Definitions of Requisite Participants

Requisite Participants means the Participants holding at least sixty-five percent (65%) of the outstanding principal amount of the Unpaid Drawing on such date; and if no such principal is outstanding, the Participants whose aggregate Commitments constitute at least sixty-five percent (65%) of the Total Available Commitments.
Sample 1

Related to Requisite Participants

  • Majority Participants means the Holder(s) of more than 50% of the Outstanding VMTP Shares.

  • CDS Participants means a broker, dealer, bank or other financial institution or other person for whom CDS effects book-entry transfers and pledges of Deposit Notes under the Book-Entry System.

  • Program Participants means, for any CRP, the Centers (other than the Lead Center for such CRP) and any Partner receiving funding for activities under such CRP that are funded by the CGIAR Fund.

  • L/C Participants the collective reference to all the Revolving Lenders other than the Issuing Lender.

  • Participants is defined in Section 12.2.1.

  • Project Participants means the entities and professionals assembled by the Applicant or Co-Applicants to own, develop and manage the project, including, but not limited to the Applicant or Co-Applicant, Project Sponsor, the Equity Investor, contractor, property manager and Consultant.

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

  • Section 16 Participants means Participants who are subject to the provisions of Section 16 of the Exchange Act.

  • Eligible Participants means persons who, at a particular time, are employees, officers, consultants, or directors of the Company or its subsidiaries;

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Book Entry Participants means institutions that participate directly or indirectly in the Depository’s book entry registration system for the Warrants;

  • Eligible Directors means, with respect to a Regulated Fund and a Potential Co-Investment Transaction, the members of the Regulated Fund’s Board eligible to vote on that Potential Co-Investment Transaction under Section 57(o) of the Act (treating any registered investment company or series thereof as a BDC for this purpose).

  • Notice to Participants means a communication sent by or on behalf of BSEF to all Participants as described in Rule 310.

  • Designated Participant means a key Employee of the Company or any other Participating Company who is designated by the Committee in writing to participate in the Program.

  • Direct Participants means each person shown in the records of the Clearing Systems as a holder of the Securities;

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Rights Offering Participants means those Persons who duly subscribe for Rights Offering Shares in accordance with the Rights Offering Procedures.

  • Eligible Employees means each employee of the Company or an Affiliate.

  • Qualified Participant means a Participant who has attained age 55 and who has completed at least 10 years of participation in the Plan.

  • Participant has the meaning specified in Section 10.06(d).

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • Administrator/Benchmark Event means, in relation to any Benchmark, the occurrence of a Benchmark Modification or Cessation Event, a Non-Approval Event, a Rejection Event or a Suspension/Withdrawal Event all as determined by the Issuer.

  • Lower Tier Participant refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • Administrative Committee means the committee in charge of Plan administration, as described in Article VII.