Requisite Lenders. The Requisite Lenders may direct the Collateral Custodian to take any action incidental to its duties hereunder. With respect to other actions that are incidental to the actions specifically delegated to the Collateral Custodian hereunder, the Collateral Custodian shall not be required to take any such incidental action hereunder, but shall be required to act or to refrain from acting (and shall be fully protected in acting or refraining from acting) upon the direction of the Requisite Lenders; provided that the Collateral Custodian shall not be required to take any action hereunder at the request of the Requisite Lenders, any Secured Party or otherwise if the taking of such action, in the reasonable determination of the Collateral Custodian, (x) shall be in violation of any applicable law or contrary to any provisions of this Agreement or (y) shall expose the Collateral Custodian to liability hereunder or otherwise (unless it has received indemnity which it reasonably deems to be satisfactory with respect thereto). If the Collateral Custodian requests the consent of the Requisite Lenders and the Collateral Custodian does not receive a consent (either positive or negative) from the Requisite Lenders within 10 Business Days of its receipt of such request, then the Requisite Lenders shall be deemed to have declined to consent to the relevant action. The Collateral Custodian may accept and act upon directions provided by the Administrative Agent as if such directions were provided by the Requisite Lenders directly. The Collateral Custodian shall not be liable for any action taken, suffered or omitted by it in accordance with the request or direction of any Secured Party, to the extent that this Agreement provides such Secured Party the right to so direct the Collateral Custodian. The Collateral Custodian shall not be deemed to have notice or knowledge of any matter hereunder, including an Event of Default, unless an Authorized Officer of the Collateral Custodian has knowledge of such matter or written notice thereof is received by the Collateral Custodian.
Requisite Lenders. As of any date, the Lenders whose aggregate Commitments constitute at least sixty-six percent (66%) of the Total Commitment provided that the Agent must always be among the Requisite Lenders (except that after an Event of Default all actions by the Requisite Lenders with respect to acceleration of the Loans and the enforcement of the Loan Documents as provided in Section 12 and in Section 14.11 shall be made without regard to whether the Agent is among the Requisite Lenders) and provided that the Commitments of any Delinquent Lenders shall be disregarded when determining the Requisite Lenders.
Requisite Lenders at any time, Lenders having greater than fifty percent (50%) of the Total Facility, provided, if there are two or more Lenders, Requisite Lenders shall include at least two Lenders. For purposes of this definition, “Total Facility” means, collectively, at any time, the Commitment (whether borrowed or not), but shall exclude any Commitment of Lenders who have forfeited their right to vote under the terms of this Agreement.
Requisite Lenders. As of any date, the Lenders whose aggregate Commitments constitute at least sixty-six and seven-tenths percent (66.7%) of the Total Commitment provided that the Commitments of any Delinquent Lenders shall be disregarded when determining the Requisite Lenders.
Requisite Lenders. As of any date, the Lenders whose aggregate Commitments constitute at least fifty-one percent (51%) of the Total Commitment, provided that on and after the date that Commitments which constitute at least fifty-one percent (51%) of the Total Commitment have terminated pursuant to §12.2, Requisite Lenders shall mean the Lenders whose aggregate Credit Exposures constitute at least fifty-one percent (51%) of the aggregate Credit Exposures of all Lenders, and provided further that the Commitments (or the Credit Exposures) of any Defaulting Lenders shall be disregarded when determining the Requisite Lenders.
Requisite Lenders. Requisite Lenders means Lenders holding a minimum of 66-2/3% of the total Commitments; or, if the Commitments have been terminated, Requisite Lenders means Lenders holding a minimum of 66-2/3% of the total outstanding amount of the Facility (including outstanding Letters of Credit and treating such Lender’s participation obligations in respect of Letters of Credit as being “held” by such Lender for purposes of this definition).
Requisite Lenders. As of any date, the Lenders whose aggregate Commitments constitute at least sixty-six percent (66%) of the Total Commitment, provided that on and after the date that Commitments which constitute at least sixty-six percent (66%) of the Total Commitment have terminated pursuant to ss.
Requisite Lenders. Except with respect to any matters expressly provided for by this Agreement, the Notes, the Security Documents or any other Loan Documents, each Lender agrees that the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and each Lender agrees that the Agent shall be fully protected in so acting or refraining from acting) upon the written instructions of the Requisite Lenders (as defined below). For the purpose hereof, the "REQUISITE LENDERS" shall mean, at any time, the all of the Lenders holding the outstanding principal amount of the Notes. The Requisite Lenders may, in their reasonable discretion, remove the Agent and then select a new Agent to fulfill, in accordance with the terms hereof, the role of the Agent. All powers of the Agent shall be exercised for the benefit of all Lenders and in accordance with the directions of the Requisite Lenders. The Agent shall take every reasonable action to implement the Requisite Lenders' directions. If any Note is ever held by any Person other than the original Lenders in accordance herewith, the Agent may insist on the execution of any agency agreement among all holders of Notes, in form satisfactory to the Agent and providing for satisfactory indemnification, before carrying out any further actions under the Loan Documents.
Requisite Lenders. The definition of Requisite Lenders contained in Section 1.1 of the Credit Agreement is hereby amended by inserting the following as the second sentence thereof: “In determining such percentage at any given time, all then existing Defaulting Lenders will be disregarded and excluded and the Commitment Percentage of Lenders shall be redetermined, for voting purposes only, to exclude the Commitment Percentage of such Defaulting Lenders.”
Requisite Lenders. The definition of "Requisite Lenders" is hereby deleted in its entirety and replaced with the following language:
