Common use of Required Banks Clause in Contracts

Required Banks. As of any date, the Banks holding at least sixty-six and two-thirds percent (66- 2/3%) of the outstanding principal amount of the Notes on such date; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes at least sixty-six and two-thirds percent (66-2/3%) of the Total Commitment. Revolving Credit Loans. Revolving credit loans made or to be made by the Banks to the Borrower pursuant to ss.2.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hvide Marine Inc)

AutoNDA by SimpleDocs

Required Banks. As of any date, the Banks holding at least sixty-six and two-thirds percent (66- 66-2/3%) of the outstanding Outstanding principal amount of the Notes on such date; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes Commitment Percentages constitute at least sixty-six and two-thirds percent (66-2/3%) of the Total Commitment. Revolving Credit Loans. Revolving credit loans made or to be made by the Banks to the Borrower pursuant to ss.2, in each case including FNBB in its capacity as a Bank.

Appears in 1 contract

Samples: Credit Agreement (Rottlund Co Inc)

Required Banks. As of any date, the Banks holding at least sixty-six and two-thirds percent (66- 66 2/3%) of the outstanding Outstanding principal amount of the Notes on such date; , and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes Commitment Percentages constitute at least sixty-six and two-thirds percent (66-66 2/3%) of the Total total Commitment. Revolving Credit Loans. Revolving credit loans made or to be made by the Banks to the Borrower pursuant to ss.2, in each case including BKB in its capacity as a Bank.

Appears in 1 contract

Samples: Credit Agreement (Rottlund Co Inc)

AutoNDA by SimpleDocs

Required Banks. As of any date, the Banks holding at least sixty-six and -------------- two-thirds percent (66- 66 2/3%) of the outstanding principal amount of the Notes on such date; and if no such principal is outstanding, the Banks whose aggregate Commitments constitutes constitute at least sixty-six and two-thirds percent (66-66 2/3%) of the Total Commitment. Revolving Credit Loans. Revolving credit loans made or to be made by the Banks to the Borrower pursuant to ss.2Commitment.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Chart House Enterprises Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!