Define: Majority Lenders
What does "Majority Lenders" mean? The meaning differs based on the contract. We found 6 definitions across 5 companies in SEC filings.
Definition 1 (CARNIVAL CORP, seen in 1 filing)
Majority Lenders means at any time, Lenders under such Facility having Loans and unused Commitments representing more than 50% of the sum of all Loans outstanding under such Facility and unused Commitments under such Facility at such time.
Source: CARNIVAL CORP 10-Q
Definition 2 (BOSTON SCIENTIFIC CORP, seen in 1 filing)
Majority Lenders means Lenders whose Aggregate Exposure Percentage in the aggregate is more than 50%.
Source: BOSTON SCIENTIFIC CORP 10-Q
Definition 3 (AMERICAN TOWER CORP /MA/, seen in 1 filing)
Majority Lenders means Lenders holding more than 50% of the aggregate outstanding principal amount of the Loans, or if no Loans are outstanding, Lenders having more than 50% of the aggregate Commitments.
Source: AMERICAN TOWER CORP /MA/ 10-K
Definition 4 (EXELON CORP, seen in 1 filing)
Majority Lenders means at any time, Lenders having Commitments representing more than 50% of the aggregate Commitments at such time, or if the Commitments have been terminated, Lenders holding Loans representing more than 50% of the aggregate principal amount of the Loans outstanding at such time.
Source: EXELON CORP 10-K
Definition 5 (EXELON CORP, seen in 1 filing)
Majority Lenders means Lenders having Commitments representing more than 50% of the aggregate Commitments.
Source: EXELON CORP 10-K
Definition 6 (CRH PUBLIC LTD CO, seen in 1 filing)
Majority Lenders means Lenders whose Commitments aggregate more than 66 2/3 per cent. of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 66 2/3 per cent. of the Total Commitments immediately prior to the reduction).
Source: CRH PUBLIC LTD CO 10-K
Data extracted from 6 SEC EDGAR filings across 5 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.