Majority Term Loan A Lenders. As of any date, Agent and any Term Loan A Lender or collection of Term Loan A Lenders whose aggregate Term Loan A Commitment Percentage is greater than fifty percent (50%) of the Total Term Loan A Commitment; provided, that (i) at all times when two (2) or more Term Loan A Lenders are party to this Agreement, the term “Majority Term Loan A Lenders” shall in no event mean less than two (2) Term Loan A Lenders, and (ii) 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 4 contracts
Samples: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.)
