Required Secured Parties

Example Definitions of "Required Secured Parties"
Required Secured Parties. Means Secured Parties holding at least fifty-one percent (51%) of the aggregate amount of the Obligations outstanding under the Debentures at the time of determination. 2
Required Secured Parties. Means Secured Parties holding at least fifty-one percent (51%) of the aggregate amount of the Obligations outstanding under the Debentures at the time of determination. 2 "UCC" means the Uniform Commercial Code as in effect from time to time in the Commonwealth of Massachusetts.
Required Secured Parties. At any date, any combination of Secured Parties collectively holding more than sixty-six and two-thirds percent (66-2/3%) of the aggregate unpaid principal amount of the Secured Obligations at such time.
Required Secured Parties. Shall mean the Secured Parties holding at least 51% of the sum of (x) the aggregate principal amount of the Outstanding Obligations and (y) unless the Commitments of the Lenders have been terminated pursuant to the terms of the Credit Agreement, the undrawn Commitments at such time (the "RSPs"); provided that solely in the event that a payment default has occurred with respect to either of, but not both, the Bank Credit Obligations or the ... Senior Note Obligations, as applicable, and such payment default continues for thirty (30) consecutive days after notice of such payment default is delivered to the Collateral Agent (such 30 day period commencing after the receipt of the relevant notice of payment default, the "Standstill Period") and an Enforcement Notice by the RSPs has not otherwise been delivered to the Collateral Agent (or if so delivered, has been subsequently rescinded by the RSPs), "Required Secured Parties" shall also mean the Required Lenders or, as the case may be, the Required Holders with respect to whom such payment default has occurred and is continuing (during any payment default, such Required Holders or Required Lenders, as the case may be, being hereinafter -6- referred to as the "Standstill RSPs"). For the avoidance of doubt, the proviso contained in the foregoing sentence does not restrict the RSPs from delivering an Enforcement Notice to the Collateral Agent at any time during which a payment default exists (including, without limitation, during any Standstill Period). View More Arrow
Required Secured Parties. Shall mean holders of a majority in an aggregate principal amount of the Notes then outstanding voting as a single class, subject in all cases to Section 9.02 of the Indenture.
All Definitions