Majority Buyers definition

Majority Buyers means at any time a Buyer or Buyers then holding in excess of 50%of the then aggregate unpaid principal amount of the Notes.

Majority Buyers shall have the meaning specified in the Administration Agreement.

Majority Buyers. At any time, if there are two or fewer Buyers, Buyers whose Buyer's Percentages aggregate 100%; if there are more than two Buyers, Buyers whose Buyer's Percentages aggregate at least 60%.

Examples of Majority Buyers in a sentence

• No provision of this Agreement may be amended other than by an instrument in writing signed by the Company and the Majority Buyers, and any amendment to this Agreement made in conformity with the provisions of this Section 10(e) shall be binding on all Buyers and holders of Securities, as applicable.

• If no successor agent has accepted appointment as Collateral Agent by the date which is 30 days following a retiring Collateral Agent’s notice of resignation, the retiring Collateral Agent’s resignation shall nevertheless thereupon become effective and the Buyers shall perform all of the duties of the Collateral Agent hereunder until such time, if any, as the Majority Buyers appoint a successor agent as provided for above.

• If the Collateral Agent resigns under this Agreement, the Majority Buyers shall appoint from among the Buyers a successor agent for the Buyers, which successor agent shall be approved by the Company, such approval not to be unreasonably withheld.

• The Collateral 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 consent of the Majority Buyers and such request and any action taken or failure to act pursuant thereto shall be binding upon all of the Buyers.

• The Collateral Agent may, and at the request of the Majority Buyers shall, resign as Collateral Agent upon 30 days’ notice to the Buyers.

More Definitions of Majority Buyers

Majority Buyers means, at any time, the Buyers whose Maximum Net Investments aggregate more than 50% of the Aggregate Maximum Net Investment; provided, however, that so long as the Maximum Net Investment of one Buyer is greater than 50% of the Aggregate Net Investment and there is more than one Buyer, then "Majority Buyers" shall mean a minimum of two Buyers.

Majority Buyers means a minimum of two Buyers.

Majority Buyers means, at any time, the Buyers whose

Majority Buyers means the action, consent or vote of Buyers holding [__%] or more of the outstanding principal amount of the Notes, or the action, consent or vote of the Collateral Agent at the direction of such Buyers..

Majority Buyers has the meaning set forth in Section 3.4.

Majority Buyers means at any time the Buyer and the Other Buyers who (based on the number of shares of Series B Preferred Stock committed to be purchased, or, on and after a Closing Date, actually purchased by the Buyer and the Other Buyers) committed to purchase or purchased shares of Series B Preferred Stock which constitute a majority of the shares of Series B Preferred Stock so committed to be purchased, or purchased, as the case may be; provided, however, that the shares of Series B Preferred Stock committed to be purchased by the Buyer or any Other Buyer who defaults on its commitment shall be excluded from such determination.

Majority Buyers has the meaning ascribed thereto in Section 5 hereof.