Majority banks
A group of banks within a syndicate holding a specified percentage of the commitments (typically 66.67%) with the power to bind the syndicate as a whole in calling events of default and agreeing to certain amendments or waivers.
A group of banks within a syndicate holding a specified percentage of the commitments (typically 66.67%) with the power to bind the syndicate as a whole in calling events of default and agreeing to certain amendments or waivers.