Required Lenders. Lenders (subject to Section 4.2) having (a) Revolver Commitments in excess of 50% of the aggregate Revolver Commitments; and (b) if the Revolver Commitments have terminated, Loans in excess of 50% of all outstanding Loans; provided, however, that the Commitments and Loans of any Defaulting Lenders shall be excluded from such calculation. Reserve: an Accounts Reserve, Availability Reserve, Bank Product Reserve or Inventory Reserve.
Appears in 5 contracts
Samples: Loan and Security Agreement (Ak Steel Holding Corp), Loan and Security Agreement (Ak Steel Holding Corp), Loan and Security Agreement (Ak Steel Holding Corp)
Required Lenders. Lenders (subject to Section 4.2) having (a) Revolver Commitments in excess of 50% of the aggregate Revolver Commitments; and (b) if the Revolver Commitments have terminated, Loans in excess of 50% of all outstanding Loans; provided, however, that the Commitments and Loans of any Defaulting Lenders shall be excluded from such calculation. Reserve: an Accounts Reserve, Availability Reserve, Bank Product Reserve or Inventory Reserve.
Appears in 4 contracts
Samples: Loan and Security Agreement (Hypercom Corp), Loan and Security Agreement (Chromcraft Revington Inc), Loan and Security Agreement (Hypercom Corp)
Required Lenders. Lenders (subject to Section 4.2) having (a) Revolver Commitments in excess of 50% of the aggregate Revolver Commitments; and (b) if the Revolver Commitments have terminated, Loans in excess of 50% of all outstanding Loans; provided, however, that the Commitments and Loans of any Defaulting Lenders shall be excluded from such calculation. Reserve: an Accounts Reserve, Availability Reserve, Bank Product Reserve or Inventory Reserve.
Appears in 1 contract
Samples: Loan and Security Agreement (Ak Steel Holding Corp)