Requisite Global Majority definition

Requisite Global Majority. As of any date of determination, the determination of whether a Requisite Global Majority exists with respect to a particular course of action shall be determined in accordance with Section 503 of this Indenture.

Requisite Global Majority. As defined in the Indenture.

Requisite Global Majority. As of any date of determination, the determination of whether a Requisite Global Majority exists with respect to a particular course of action shall be determined in accordance with Section 503 of the Indenture.

Examples of Requisite Global Majority in a sentence

• This Agreement represents the entire agreement between the parties with respect to the subject matter hereof and may not be amended or modified except by an instrument in writing signed by the parties hereto and approved by the Requisite Global Majority.

• The Indenture Trustee, acting at the direction of the Requisite Global Majority, shall also have the right in its sole discretion to waive any Manager Default and the remedies available as a consequence thereof.

• Manager hereby ratifies and confirms and agrees to ratify and confirm whatever any such attorney shall do or propose to do in the exercise or purported exercise of all or any of the powers, authorities and discretion referred to in this Section 10.3, it being understood that the Indenture Trustee shall not be obligated to take any actions unless it receives the written direction of the Requisite Global Majority.

• If an Event of Default should occur and be continuing, the Indenture Trustee shall, at the written direction of the Requisite Global Majority (which shall have the right, but not the obligation, to direct the Indenture Trustee to accelerate the Notes), declare all of the Notes to be immediately due and payable.

• Upon the occurrence of a Manager Default, the Issuer (acting at the direction of the Requisite Global Majority) may direct that a Shifting Control Notice be delivered pursuant to the Intercreditor Agreement.

More Definitions of Requisite Global Majority

Requisite Global Majority. The Noteholders (other than Spirit Realty or any affiliates thereof) that own in the aggregate more than 66 2/3% of the Aggregate Series Principal Balance (excluding, for the purposes of this determination, any Notes held by Spirit Realty or any of its affiliates).

Requisite Global Majority is defined in Appendix A to the Securitization Indenture.

Requisite Global Majority. The Noteholders representing more than 66 2/3% of the Aggregate Series Principal Balance.

Requisite Global Majority. As defined in the related Series Supplement.

Requisite Global Majority. With respect to any action proposed to be taken pursuant to the terms of this Indenture, if (a) Controlling Parties representing more than 50% of the Aggregate Series Principal Balance shall approve or direct such proposed action and (b) unless Controlling Parties representing more than 66 2/3% of the Aggregate Series Principal Balance approve or direct such proposed action, the Insurers (as to which no Insurer Default is continuing) shall approve or direct such proposed action.

Requisite Global Majority shall have the meaning set forth in Section 101 of the Indenture.

Requisite Global Majority. A Requisite Global Majority shall exist with respect to any action proposed to be taken pursuant to the terms of this Indenture or any Supplement if (a) the Control Party or Control Parties representing more than fifty percent (50%) of the aggregate principal balance (or, with respect to any Series of VFNs, prior to a Conversion Event, the Existing Commitment, thereof) of all Series then Outstanding shall approve or direct such proposed action (in making such a determination, each Control Party shall be deemed to have voted the entire aggregate principal balance (or, with respect to any Series of VFNs, prior to a Conversion Event, the Existing Commitment, thereof) of the related Series in favor of, or in opposition to, such proposed action, as the case may be) and (b) unless Control Parties representing more than sixty-six and two-thirds percent (66 2/3%) of the aggregate principal balance of all Series then Outstanding (or, with respect to any Series of VFNs, prior to a Conversion Event, the Existing Commitment, thereof) of all Series then Outstanding shall have approved or directed such proposed action, Ambac, for so long as Ambac shall be designated the Control Party for any Series then Outstanding, shall have also approved or directed such proposed action.