Majority Lenders

Defined Term

Definition Information


"Majority Lenders" means, at any time, Lenders whose Revolving Credit Commitments, taken together, are greater than 66 2/3% of the aggregate amount of the Revolving Credit Commitments of all Lenders. If at any time the Revolving Credit Commitments of the Lenders have been cancelled, Majority Lenders shall mean Lenders whose Accommodations Outstanding, taken together, are greater than 66 2/3% of the aggregate amount of the Accommodations Outstanding of all Lenders. For purposes of this definition, subject to Section 2.13(1)(i), any Defaulting Lender shall be disregarded in determining Majority Lenders at any time.

Definition Category:Majority Lenders

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