Requisite Noteholders definition

Requisite Noteholders. Holders of Notes evidencing not less than a majority of the Outstanding Amount of the Controlling Class.

Requisite Noteholders means the holders of a majority-in-interest of the aggregate principal amount of the Notes.

Requisite Noteholders means Purchaser Groups having Commitment Percentages aggregating more than 50%.

Examples of Requisite Noteholders in a sentence

• Notwithstanding the foregoing, any term of this Agreement or the Notes may be amended and the observance of any term of this Agreement or the Notes may be waived (either generally or in a particular instance and either retroactively or prospectively) with the written consent of the Company and the Requisite Noteholders.

• Except as otherwise provided herein, the terms and conditions of this Note will inure to the benefit of, and be binding upon, the respective successors and assigns of the parties; provided, however, that the Company may not assign its obligations under this Note without the written consent of the Requisite Noteholders.

• Without the prior written consent of the Requisite Noteholders, the Company will not incur additional indebtedness other than (i) a line of credit provided by Galt Power in a principal amount not to exceed $750,000 or (ii) additional indebtedness in aggregate principal amount not to exceed $50,000.

• At any time on or after the Maturity Date, at the election of the Requisite Noteholders, this Note will convert into that number of Conversion Shares equal to the quotient (rounded down to the nearest whole share) obtained by dividing (x) the outstanding principal balance and unpaid accrued interest of this Note on the date of such conversion by (y) the applicable Conversion Price.

• Each Purchaser (other than the Lead Investor acknowledges and agrees that by the operation of Section 7.9 hereof, the Requisite Noteholders will have the rights and power to diminish or eliminate all rights of such Purchaser under this Agreement and each Note issued to such Purchaser.

More Definitions of Requisite Noteholders

Requisite Noteholders means Purchaser Groups having Commitment Percentages aggregating more than 50% (or if all Commitments have terminated, Purchaser Groups whose aggregate Purchaser Group Invested Amounts exceed 50% of the Series 2010-6 Invested Amount); provided, however, that on any date on which there are fewer than three Purchaser Groups (solely for the purposes of this proviso, Purchaser Groups members of which are Affiliates of members of another Purchaser Group shall be deemed to be one Purchaser Group), “Requisite Noteholders” means all Purchaser Groups, collectively.

Requisite Noteholders means the Lead Investor administering the terms of the Special Purpose Vehicle and the Major Investors purchasing outside the Special Purpose Vehicle.

Requisite Noteholders means Purchaser Groups having Commitment Percentages aggregating more than 50% (or if all Commitments have terminated, Purchaser Groups whose aggregate Purchaser Group Invested Amounts exceed 50% of the Series 2010-6 Invested Amount).

Requisite Noteholders means the holders of Notes issued to the Purchaser pursuant to this Agreement and the Notes whenever issued to all other purchasers pursuant to similar agreements dated on or about the date of this Agreement with an aggregate principal amount equal to or greater than 50% of the aggregate principal amount of all then outstanding Notes issued to the Purchaser pursuant to this Agreement and the Notes whenever issued to all other purchasers pursuant to similar agreements dated on or about the date of this Agreement.

Requisite Noteholders means Series 2003-5 Noteholders holding more than 50% of the Series 2003-5 Invested Amount.

Requisite Noteholders means Series 2005-2 Noteholders holding more than 50% of the Series 2005-2 Invested Amount.

Requisite Noteholders means the Requisite Second Lien Noteholders and Requisite Cross-Over Noteholders.