Required Senior Lenders definition

Required Senior Lenders means “Required Lenders” as such term is defined in the Senior Credit Agreement.

Required Senior Lenders means, as of any date of determination, the Senior Lenders that, collectively, on such date hold in excess of fifty percent (50%) of the sum of (i) the Principal Amount Outstanding and (ii) the unused Commitments (excluding in each such case any Senior Lender that is a Defaulting Lender, a Loan Party, the Sponsor, a Material Project Party or an Affiliate or Subsidiary thereof, and each Commitment and any Principal Amount Outstanding of any such Senior Lender).

Required Senior Lenders has the meaning ascribed thereto in the Intercreditor Agreement.

Examples of Required Senior Lenders in a sentence

• The Senior Facility Agent may be removed at any time (i) by the Required Senior Lenders for such Person’s gross negligence or willful misconduct or (ii) by the Borrower, with the consent of the Required Senior Lenders, for such Person’s gross negligence or willful misconduct.

• In the event The Bank of Nova Scotia is no longer the Senior Facility Agent, any successor Senior Facility Agent may be removed at any time with cause by the Required Senior Lenders.

• DEUTSCH, RUBEN DIAZ, Sr., DANIEL DROMM, MATHIEU EUGENE, VANESSA L.

• Such court may thereupon, after such notice, if any, as it may deem proper, appoint a successor Senior Facility Agent, who shall serve as Senior Facility Agent hereunder and under each other Financing Document to which it is a party until such time, if any, as the Required Senior Lenders appoint a successor Senior Facility Agent, as provided above.

More Definitions of Required Senior Lenders

Required Senior Lenders means, at any time, Senior Lenders having Senior Loans, LC Exposure, unused Revolving Credit Commitments and, prior to the funding of the Term Loans, unused Term Loan Commitments representing more than 50% of the sum of the total Senior Loans and LC Exposure then outstanding plus unused Revolving Credit Commitments and unused Term Loan Commitments at such time.

Required Senior Lenders means Required Holders and Required Lenders.

Required Senior Lenders means, at any time, both (a) the Requisite Lenders and (b) the Required Holders; provided that if the Collateral Agent shall have received (i) inconsistent written requests or directions from the Required Lenders and the Required Holders or (ii) a written request or direction from only one such group and the Collateral Agent shall have notified the Bank Agent and the Noteholders to such effect but shall not have received a written request or direction from the Required Senior Lenders within 30 days of such notice, “Required Senior Lenders” shall mean the Supermajority Lenders.

Required Senior Lenders means at any date of determination, Senior Lenders holding more than 50% of the sum of the Senior Lender Exposure.

Required Senior Lenders means (a) on or prior to the Senior Loan Discharge Date, the Required Lenders as defined in the Senior Loan Agreement and (b) following the Senior Loan Discharge Date, the “Required Lenders” or words of similar import as defined in any New Financing Equivalent.

Required Senior Lenders means, as of the date of determination thereof, “Lenders” under the First Lien Credit Agreement whose outstanding “Loans” and interests in “Letters of Credit” and “Unused Revolving Credit Commitments” under the First Lien Credit Agreement and Lenders whose outstanding Loans constitute more than 50% of the sum of the total outstanding “Loans”, interests in “Letters of Credit”, and “Unused Revolving Credit Commitments” of the Lenders under the First Lien Credit Agreement and Loans.

Required Senior Lenders means, at any time as to any act relating to any Senior Credit Facility then in effect, such number of the holders of Senior Claims for loans and other extensions of credit or indebtedness outstanding or committed under such Senior Credit Facility as may, under the terms of the agreement governing such Senior Credit Facility, have the power to bind all such holders in respect of such act.