Supermajority Banks definition

Supermajority Banks means Banks having more than 75% of the sum of the Aggregate Commitments or, after the Revolving Credit Termination Date, more than 75% of the aggregate Revolving Loans outstanding (including funded participating interests in Swingline Loans).

Supermajority Banks of any Tranche shall mean those Non-Defaulting Banks which would constitute the Required Banks under, and as defined in, this Agreement if (x) all outstanding Obligations of the other Tranches under this Agreement were repaid in full and all Commitments with respect thereto were terminated and (y) the percentage "50%" contained therein were changed to "66-2/3%."

Supermajority Banks means those Non-Defaulting Banks which would constitute the Required Banks under, and as defined in, this Agreement if the percentage "50%" contained therein were changed to "66-2/3%."

Examples of Supermajority Banks in a sentence

• A Supermajority Banks may agree to the matters set forth in subsections (i) through (v) in the prior sentence if the effect of such agreement is to provide the same treatment to each Bank.

• Without limiting the foregoing, no Bank or the holder of any Note shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or refraining from acting hereunder or under any other Credit Document in accordance with the instructions of the Required Banks or, if required by Section 12.12, the Supermajority Banks or all of the Banks, as the case may be.

• Any amendment, modification, termination, or waiver of any provision of this Agreement, the Notes, the Guaranty or the Pledge Agreement, and any consent to any variance therefrom, not otherwise requiring the consent of the Majority Banks, the Supermajority Banks or all of the Banks shall not be effective unless the same shall be in writing and signed by the Required Banks.

• The Banks hereby acknowledge that no Agent shall be under any duty to take any discretionary action permitted to be taken by it pursuant to the provisions of this Agreement unless it shall be requested in writing to do so by the Majority Banks or the Supermajority Banks, as the case may be.

• Upon any occasion requiring or permitting an approval, consent, waiver, election or other action on the part of the Required Banks or the Super-majority Banks (as the case may be), action shall be taken by the Agent for and on behalf or for the benefit of all Banks upon the direction of the Required Banks or the Super-majority Banks (as the case may be), and any such action shall be binding on all Banks.

More Definitions of Supermajority Banks

Supermajority Banks means, at any time, Banks having at least 65% of the aggregate Commitments or, if the Commitments have been terminated, 65% of the aggregate Commitments in effect immediately prior to such termination.

Supermajority Banks holders of Notes" or any similar terms shall, unless the context clearly otherwise indicates, include the Administrative Agent and the Syndication Agent in their individual capacity. The Administrative Agent and the Syndication Agent and their affiliates may accept deposits from, lend money to, and generally engage in any kind of banking, investment banking, trust or other business with, or provide debt financing, equity capital or other services (including financial advisory services) to, any Credit Party or any Affiliate of any Credit Party (or any Person engaged in a similar business with any Credit Party or any Affiliate thereof) as if they were not performing the duties specified herein, and may accept fees and other consideration from any Credit Party or any Affiliate of any Credit Party for services in connection with this Agreement and otherwise without having to account for the same to the Banks.

Supermajority Banks of any Facility shall mean those Non-Defaulting Banks which would constitute the Required Banks under, and as defined in, this Agreement if (x) all outstanding Obligations of the other Facilities under this Agreement were repaid in full and all Commitments with respect thereto were terminated and (y) the percentage "50%" contained therein were changed to "66- 2/3%."

Supermajority Banks means, at any time, Bank Parties owed or holding at least a 66 2/3% interest of the aggregate principal amount (based in the case of any Revolving Letter of Credit denominated in an Alternative Currency other than Dollars, on the Dollar Equivalent at such time) of the sum of (i) the aggregate principal amount of the Loans outstanding at such time, (ii) the aggregate Revolving Letter of Credit Liabilities outstanding at such time and (iii) the aggregate Unused Revolving Credit Loan Commitments at such time.

Supermajority Banks means those Non-Defaulting Banks which would constitute the Required Banks under, and as defined in, this Agreement if (x) all outstanding Obligations in respect of the Revolving Loan Commitment were repaid in full and the Total Revolving Loan Commitment was terminated and (y) the percentage "50%" contained therein were changed to "66-2/3%."

Supermajority Banks means, at any time, (i) Banks whose respective Facility Percentages aggregate more than 66 2/3% and (ii) Revolving Banks having more than 66 2/3% of the Aggregate Combined Revolving Commitment (as in effect at such time) or, if the Aggregate Combined Revolving Commitment has been terminated in full, the aggregate principal amount of outstanding Revolving Loans and Letter of Credit Obligations.

Supermajority Banks means the Agent and those Banks whose share in the aggregate principal amount of the Loans outstanding constitutes (or, if no Loans are outstanding, those whose Percentages constitute) at least sixty-seven percent (67%). TCB -- see the Preamble.