Required Buyers means Buyers having Purchase Prices in the aggregate that are at least equal to a majority of the aggregate Purchase Price for all Buyers.
Required Buyers means, as of any date of determination, Buyers holding a majority of the Shares sold pursuant to this Agreement.
Required Buyers means, (i) at such time as there are two or fewer Buyers, all Buyers, (ii) at such time as there are three Buyers, at least two Buyers and (iii) at all other times, the Buyers the Pro Rata Shares in excess of 50%.
Examples of Required Buyers in a sentence
The parties specifically agree that, for so long as an Event of Default is continuing under any Governing Agreement, netting in respect of two or more Obligations and/or Activities with any Margin may occur upon the election of the Administrative Agent (at the direction of the Required Buyers or otherwise in accordance with the Administration Agreement).
No provision of this Agreement may be amended other than by an instrument in writing signed by the Company and the Required Buyers.
More Definitions of Required Buyers
Required Buyers means Buyers holding and/or subscribing hereunder for a majority of the Shares and Warrant Shares, as group, represented by the Units sold or to be sold pursuant to this Agreement.
Required Buyers means, for any day, Buyers (a) whose Commitments comprise at least sixty-six and two-thirds percent (66-2/3%) of the Maximum Aggregate Commitment under this Agreement, or (b) who own at least sixty-six and two-thirds percent (66-2/3%) of the Purchased Loans owned by the Buyers on that day if on or before that day the Commitments have expired or have been terminated and have not been reinstated; provided that at any time when there are three or fewer Buyers party to this Agreement, “Required Buyers” shall mean two Buyers (or if there is only one Buyer, that Buyer).
Required Buyers shall include at least two Buyers. The Commitments and Purchased Loans of any Nonfunding Buyer shall be disregarded in determining Required Buyers at any time.
Required Buyers means each of the following: (i) Buyers having Purchase Prices in the aggregate that are at least equal to a majority of the aggregate Purchase Prices for all Buyers and (ii) Iroquois.
Required Buyers means, for any day, Buyers (a) whose Commitments comprise at least 66 ⅔% of the Maximum Aggregate Commitment under this Agreement, or (b) who own at least 66 ⅔% of the Purchased Loans owned by the Buyers on that day if on or before that day the Commitments have expired or have been terminated and have not been reinstated; provided that at any time there is more than one Buyer (excluding Nonfunding Buyers), “Required Buyers” shall include at least two Buyers. The Commitments and Purchased Loans of any Nonfunding Buyer shall be disregarded in determining Required Buyers at any time.
Required Buyers means the Buyers holding a majority of the Registrable Securities.
Required Buyers means, at any time (a) Buyers (other than Defaulting Buyers) owning an aggregate of greater than sixty-six and two-thirds percent (66 2/3%) of the Obligations outstanding at such time (excluding the portion of the Obligations owed to a Defaulting Buyer), or (b) at any time there are no Obligations outstanding, “Required Buyers” shall mean the Buyers (other than Defaulting Buyers) holding an aggregate Pro Rata Share of greater than sixty-six and two-thirds percent (66 2/3%) of Committed Amounts (excluding the Committed Amounts of any Defaulting Buyers); provided that notwithstanding anything contained herein to the contrary during a Citi Amortization Period, the Buyers’ Committed Amounts for purposes of calculating the Required Buyers shall be such Buyers’ Committed Amounts as of the commencement of such Citi Amortization Period.