Common use of Majority Term Loan A Lenders Clause in Contracts

Majority Term Loan A Lenders. As of any date, any Term Loan A Lender or collection of Term Loan A Lenders whose aggregate Term Loan A Credit Commitment Percentage is greater than fifty percent (50%); provided that in determining said percentage at any given time, all the existing Term Loan A Lenders that are Defaulting Lenders will be disregarded and excluded and the Term Loan A Commitment Percentages of the Term Loan A Lenders shall be redetermined for voting purposes only to exclude the Term Loan A Commitments of such Defaulting Lenders.

Appears in 3 contracts

Samples: Credit Agreement (QTS Realty Trust, Inc.), Credit Agreement (QTS Realty Trust, Inc.), Credit Agreement (QTS Realty Trust, Inc.)

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Majority Term Loan A Lenders. As of any date, any Term Loan A Lender or collection of Term Loan A Lenders whose aggregate Term Loan A Credit Commitment Percentage is greater than fifty percent (50%); provided that in determining said percentage at any given time, all the existing Term Loan A Lenders that are Defaulting Lenders will be disregarded and excluded and the Term Loan A Commitment Percentages of the Term Loan A Lenders shall be redetermined for voting purposes only to exclude the Term Loan A Commitments Commitment Percentages of such Defaulting Lenders.

Appears in 1 contract

Samples: Credit Agreement (QualityTech, LP)

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Majority Term Loan A Lenders. As of any date, any Term Loan A Lender or collection of Term Loan A Lenders whose aggregate Term Loan A Credit Commitment Percentage is greater than fifty percent (50%)) of the Total Term Loan A Commitment; provided that in determining said percentage at any given time, all the then existing Term Loan A Lenders that are Defaulting Lenders will be disregarded and excluded and the Term Loan A Commitment Percentages of the Term Loan A Lenders shall be redetermined for voting purposes only of this definition to exclude the Term Loan A Commitments of such Defaulting Lenders.

Appears in 1 contract

Samples: Credit Agreement (CyrusOne Inc.)

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