Determining Lenders definition

Determining Lenders means, on any date of determination, any combination of the Lenders having at least 51% of the aggregate amount of the Revolving Credit Advances then outstanding; provided, however, that if there are no Revolving Credit Advances outstanding hereunder, "Determining Lenders" shall mean any combination of Lenders whose Specified Percentages aggregate at least 51%.

Determining Lenders means, on any date of determination, any combination of Lenders whose Total Specified Percentages aggregate more than 50%; provided, however, in the event that all of the Commitments have been terminated, "Determining Lenders" means, on any date of determination, any combination of Lenders having more than 50% of the Advances (other than Swing Line Advances) then outstanding.

Determining Lenders means, on any date of determination, any combination of ------------------- the Lenders having in excess of 50.0% of the aggregate amount of the Advances (which for purposes of the calculation shall include for each Lender an amount equal to the product of such Lender's Specified Percentage multiplied by the aggregate principal amount of Swing Line Advances outstanding) then outstanding; provided, however, that if there are no Advances outstanding hereunder, "Determining Lenders" shall mean any combination of Lenders whose Specified -------------------- Percentages aggregate in excess of 50.0%.

Examples of Determining Lenders in a sentence

• Such interest shall be payable on the earlier of demand or the Maturity Date, and shall accrue until the earlier of (i) waiver or cure (to the satisfaction of the Determining Lenders) of the applicable Event of Default, (ii) agreement by the Lenders to rescind the charging of interest at the Default Rate, or (iii) payment in full of the Obligations.

• Each definition of an agreement in this Article 1 shall include such agreement as amended to date, and as amended or renewed from time to time in accordance with its terms, but only with the prior written consent of the Determining Lenders or all the Lenders as required pursuant to Section 11.11 hereof.

• While a Default exists, Lenders agree to promptly confer in order that Determining Lenders or Lenders, as the case may be, may agree upon a course of action for the enforcement of the Rights of Lenders.

• Each Consolidated Company shall perform such acts and duly authorize, execute, acknowledge, deliver, file, and record any additional agreements, documents, instruments, and certificates as Administrative Agent or Determining Lenders may reasonably deem necessary or appropriate in order to preserve and protect the Rights of Administrative Agent and Lenders under any Loan Paper.

• No delay or omission by Administrative Agent, Determining Lenders, or Lenders in exercising any Right under the Loan Papers shall impair such Right or be construed as a waiver thereof or any acquiescence therein, nor shall any single or partial exercise of any such Right preclude other or further exercise thereof, or the exercise of any other Right under the Loan Papers or otherwise.

More Definitions of Determining Lenders

Determining Lenders means any combination of Lenders whose Specified Percentages aggregate at least 51%.

Determining Lenders means, at any time, any combination of Lenders whose (a) Termination Percentages total at least 66 2/3% at any time on or after the Actual-Termination Date, or (b) Commitment Percentages total at least 66 2/3% at all other times.

Determining Lenders means, on any date of determination, any combination of the Lenders having at least 60% of the aggregate amount of the Advances then outstanding; provided, however, that if there are no Advances outstanding hereunder, "Determining Lenders" shall mean any combination of Lenders whose Specified Percentages aggregate at least 60%.

Determining Lenders means for all purposes under the Loan Papers (i) on any date of determination occurring prior to the earlier of the Term Loan Conversion Date or the Termination Date, those Lenders who collectively hold at least 51% of the Commitment; and (ii) on any date of determination occurring on or after the earlier of the Termination Date or the Term Loan Conversion Date, those Lenders who collectively hold at least 51% of the Principal Debt.

Determining Lenders means, at any time, any combination of Lenders holding (directly or indirectly) at least either (a) 66 2/3% of the total Commitments while there is no Principal Debt or LC Exposure or (b) 66 2/3% of the Principal Debt plus the LC Exposure while there is any Principal Debt or LC Exposure.

Determining Lenders means "DETERMINING LENDERS" as such term is defined in the Intercreditor Agreement.

Determining Lenders means any combination of the Lenders and Term Loan B Lenders having at least 66-23% of the aggregate amount of the Obligations and Term Loan B Obligations outstanding.