Examples of Class A Lenders in a sentence
If there are less than three Class A Lenders, each Class A Lender will have at least one vote and the additional vote will belong to the Class A Lender with the largest Class A Lender Commitment.
The Class A Lenders will have a minimum of three (3) votes on the Credit Committee.
If there are three (3) or more Class A Lenders, each one will have one vote.
Upon any such notice of resignation or removal, a successor Administrative Agent shall be selected and appointed by at least two thirds (2/3) of the Class A Lenders and two thirds (2/3) of the Class B Lenders.
In addition, an Eligible Institution may become a Class A Lender by executing the Joinder Agreement in the form attached as Exhibit P with the consent of the Borrower, the Administrative Agent and the Class A Lenders.