Majority Senior Lenders means the Majority Lenders as defined in the Senior Facility Agreement.
Majority Senior Lenders as of any date of determination, the Senior Lenders holding more than 50% of the aggregate outstanding principal amount of the Senior Loan.
Majority Senior Lenders has the meaning given to the term “Instructing Group” (or equivalent) in the Senior Facilities Agreement. If, at any time, there is more than one Senior Facilities Agreement, any reference in this Agreement to the “Majority Senior Lenders” shall be construed so as to refer to the “Instructing Group” (or equivalent) under each such Senior Facilities Agreement (in each case, construed in accordance with the foregoing provisions of this definition, to the extent applicable).
Examples of Majority Senior Lenders in a sentence
The Security Agent may assume that any instructions received by it from the Majority Senior Creditors, Majority Senior Lenders, any Creditors or any group of Creditors are duly given in accordance with the terms of the Debt Documents and unless it has received notice of the revocation, that those instructions have not been revoked.
More Definitions of Majority Senior Lenders
Majority Senior Lenders shall have the meaning ascribed to it in the Intercreditor Agreement;
Majority Senior Lenders means those Lenders whose Senior Commitments then aggregate at least 662/3 per cent. of the Total Senior Commitments (or, if the Total Senior Commitments have been reduced to zero, aggregated more than 662/3 per cent. of the Total Senior Commitments immediately prior to such time).
Majority Senior Lenders means an Instructing Group as defined in the Senior Facility Agreement;
Majority Senior Lenders means a majority in number of Affected Creditors representing at least two thirds in value of the Affected Creditors.
Majority Senior Lenders means, at any time, those Senior Facility Creditors whose Commitments at that time are in aggregate at least 66 2/3 per cent. of the total Commitments under the Senior Facilities Agreement.
Majority Senior Lenders means at any time, the Senior Lenders holding in excess of 50.00% of the sum of the aggregate undisbursed Senior Loan Commitments plus the then aggregate outstanding principal amount of the Senior Loans (excluding in each such case any Senior Lender that is a Loan Party, an Equity Owner, or an Affiliate or Controlled Subsidiary thereof or an Affiliated Lender, and each Senior Loan Commitment and any outstanding principal amount of any Senior Loan of any such Senior Lender).
Majority Senior Lenders means at any time, the Senior Lenders holding in excess of 50.00% of the sum of (a) the aggregate undisbursed Construction/Term Loan Commitments plus (b) the then aggregate outstanding principal amount of the Construction/Term Loans (excluding in each such case any Senior Lender that is a Defaulting Lender, a Loan Party, an Equity Owner, or an Affiliate or Controlled Subsidiary thereof or an Affiliated Lender (but not excluding, in each of the foregoing cases, Total Holdings in its capacity as a Senior Lender), and each Construction/Term Loan Commitment and any outstanding principal amount of any Construction/Term Loan of any such Senior Lender).