Common use of Required Term Lenders Clause in Contracts

Required Term Lenders. As of any date, the Tranche B Lenders and (as applicable) the Lenders of any new Tranche structured as a term tranche pursuant to §15.1 (other than, in each case Delinquent Lenders) holding greater than fifty percent (50%) of the sum of (i) the aggregate outstanding principal amount of the Tranche B Term Loans on such date, and (ii) the aggregate outstanding principal amount on such date of any new Tranche structured as a term tranche pursuant to §15.1.

Appears in 4 contracts

Samples: Revolving Credit and Term Loan Agreement (Emmis Communications Corp), Revolving Credit and Term Loan Agreement (Emmis Communications Corp), Revolving Credit and Term Loan Agreement (Emmis Communications Corp)

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