Required Revolving Credit Lenders Sample Clauses

Required Revolving Credit Lenders. As of any date, any Revolving Credit Lender or Revolving Credit Lenders whose aggregate Revolving Credit Commitment Percentage is greater than fifty percent (50.0%) of the Total Revolving Credit Commitment; provided that in determining said percentage at any given time, all the existing Revolving Credit Lenders that are Defaulting Lenders will be disregarded and excluded and the Revolving Credit Commitment Percentages of the Revolving Credit Lenders shall be redetermined for voting purposes only to exclude the Revolving Credit Commitment Percentages of such Defaulting Lenders.
AutoNDA by SimpleDocs
Required Revolving Credit Lenders. As of any date, the Revolving Credit Lender or Revolving Credit Lenders whose aggregate Revolving Credit Commitment Percentage is equal to or greater than sixty-six and 7/10 percent (66.7%) of the Total Revolving Credit Commitment; provided that in determining said percentage at any given time, all then existing Defaulting Lenders will be disregarded and excluded and the Revolving Credit Commitment Percentages of the Revolving Credit Lenders shall be redetermined for voting purposes only to exclude the Revolving Credit Commitment Percentages of such Defaulting Lenders; provided that if there are three (3) or fewer Revolving Credit Lenders, then Required Revolving Credit Lenders shall mean two (2) Revolving Credit Lenders that are Non-Defaulting Lenders (or if there shall not be two (2) Revolving Credit Lenders that are Non-Defaulting Lenders, then such fewer number of Revolving Credit Lenders that are Non-Defaulting Lenders.
Required Revolving Credit Lenders. As of any date, the Revolving Credit Lenders whose aggregate Commitments constitute at least fifty-one percent (51%) of the Total Commitment, or if the Commitments have been terminated, at least fifty-one percent (51%) of the sum of the Revolving Credit Loans outstanding PLUS participating interests in the Maximum Drawing Amounts of Letters of Credit outstanding PLUS Swing Line Loans outstanding PLUS unpaid Reimbursement Obligations in respect of Letters of Credit outstanding. REPLACEMENT LENDER. See ss.5.11.
Required Revolving Credit Lenders. As of any date, Revolving Credit Lenders whose aggregate Revolving Credit Commitment Percentage is greater than fifty percent (50%) of the Total Revolving Credit Commitment; provided that in determining said percentage at any given time, all then existing Defaulting Lenders will be disregarded and excluded and the Revolving Credit Commitment Percentages of the Revolving Credit Lenders shall be redetermined for purposes of this definition to exclude the Revolving Credit Commitments of such Defaulting Lenders.
Required Revolving Credit Lenders. As of any date, one or more Lenders holding more than fifty percent (50%) of the aggregate amount of the Total Revolving Credit Commitments (or if the Revolving Credit Commitments have been terminated, then the outstanding principal of the Revolving Credit Loans plus the outstanding principal of the Swingline Loans plus the outstanding L/C Obligations); provided that in determining such percentage at any given time, all then existing Defaulting Lenders will be disregarded and excluded. For purposes of this definition, a Revolving Credit Lender shall be deemed to hold a Swingline Loan or L/C Obligations to the extent such Revolving Credit Lender has acquired a participation therein under the terms of this Credit Agreement and has not failed to perform its obligations in respect of such participation, and the Revolving Credit Lender then acting as the Swingline Lender and/or Administrative Agent shall hold a Swingline Loan or L/C Obligation, respectively, in an amount equal to its interest in the Swingline Loan or the related Letters of Credit, after giving effect to the acquisition by the Revolving Credit Lenders of their participation interests therein.
Required Revolving Credit Lenders. As of any date, any Revolving Credit Lender or collection of Revolving Credit Lenders whose aggregate Revolving Credit Commitment Percentage is greater than fifty percent (50%) of the Total Revolving Credit Commitment; provided, that (i) at all times when two (2) or more Non-Defaulting Revolving Credit Lenders are party to this Agreement, the term “Required Revolving Credit Lenders” shall in no event mean less than two (2) Non-Defaulting Revolving Credit Lenders, and (ii) in determining said percentage at any given time, all the existing Revolving Credit Lenders that are Defaulting Lenders will be disregarded and excluded and the Revolving Credit Commitment Percentages of the Revolving Credit Lenders shall be redetermined for voting purposes to exclude the Revolving Credit Commitment Percentages of such Defaulting Lenders.
Required Revolving Credit Lenders. As of any date, one or more Lenders holding more than fifty percent (50%) of the aggregate amount of the Total Revolving Credit Commitments (or if the Revolving Credit Commitments have been terminated, then the outstanding principal of the Revolving Credit Loans plus aggregate participations in the Maximum Drawing Amount and all Unpaid Reimbursement Obligations); provided that in determining such percentage at any given time, all then existing Defaulting Lenders will be disregarded and excluded.
AutoNDA by SimpleDocs
Required Revolving Credit Lenders. As of any date, the Revolving Credit Lenders whose aggregate Commitments constitutes at least fifty-five percent (55%) of the Total Commitment.
Required Revolving Credit Lenders. As of any date, the Revolving Credit Lenders (other than Revolving Credit Lenders who are Delinquent Lenders) whose aggregate Commitments constitute at least fifty-one percent (51%) of the Total Revolving Commitment (exclusive of Commitments held by Delinquent Lenders); PROVIDED at any time there are only two Revolving Credit Lenders, Required Revolving Credit Lenders will mean both such Revolving Credit Lenders.
Required Revolving Credit Lenders. Non-Defaulting Lenders the sum of whose (a) outstanding Revolving Credit Commitments represents an amount greater than fifty percent (50%) of the Total Revolving Credit Commitment, or (b) after the termination of the Revolving Credit Commitments, outstanding Revolving Credit Loans represents an amount greater than fifty percent (50%) of all outstanding Revolving Credit Loans made by Non-Defaulting Lenders.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!