Directing Lenders definition

Directing Lenders means all Lenders other than Administrative Agent. Each such notice shall set forth the date of such resignation. Upon any such resignation Majority Lenders shall have the right to appoint a successor Administrative Agent, subject to Borrower's written consent, such consent not to be unreasonably withheld. A successor must be appointed for any retiring Administrative Agent, and such Administrative Agent's resignation shall become effective when such successor accepts such appointment. If, within thirty (30) days after the date of the retiring Administrative Agent's resignation, no successor Administrative Agent has been appointed and has accepted such appointment then the refiring Administrative Agent may appoint a successor Administrative Agent, which shall be a commercial bank organized or licensed to conduct a banking or trust business under the laws of the United States of America or of any state thereof. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Administrative Agent, the retiring Administrative Agent shall be discharged from its duties and obligations under this Agreement and other Loan Documents. After any retiring Administrative Agent's resignation hereunder the provisions of this Article IX shall continue to inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under the Loan Documents.
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Directing Lenders means such Lenders that hold Secured Notes that have an aggregate maximum face principal amount greater than fifty percent (50%) of the aggregate of the maximum face principal amount of all of the Secured Notes then outstanding.
Sample 1Sample 2
Directing Lenders means at any time the Majority Investors.
Sample 1

Examples of Directing Lenders in a sentence

  • No modification, amendment or supplement to, or waiver, forbearance or consent under or with respect to, this Agreement shall be effective without the prior written consent of the Debtors, the Collateral Agent and the Required Directing Lenders (as defined in the Transaction Support Agreement).

  • For purposes of the foregoing sentence, "Directing Lenders" means all Lenders other than Administrative Agent.

  • If the Collateral Agent shall request instructions from the Directing Lenders with respect to any act or action (including the failure to act) in connection with this Agreement, the Collateral Agent shall be entitled to refrain from such act or taking such action unless and until the Collateral Agent shall have received instructions from the Directing Lenders, and the Collateral Agent shall not incur liability to any Person by reason of so refraining.

  • Any amendment or waiver of any provision of this Agreement and any consent to any departure by the Pledgor from any provision of this Agreement shall be effected by the Collateral Agent pursuant to Section 19.4 hereof and only upon the written authorization of the Directing Lenders.

  • Upon any such resignation, the Directing Lenders shall have the right, upon five (5) days' notice and approval by the Pledgor (which approval shall not be unreasonably withheld), to appoint a successor collateral agent.

  • The Collateral Agent shall have the right to request instructions from the Directing Lenders (as defined below) at any time.

  • The Collateral Agent shall take such action with respect to a Default as shall be directed by the Directing Lenders; provided that until the Collateral Agent shall have received such directions, the Collateral Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default as it shall deem advisable and in the best interests of the Lenders.

  • Any public filing of this Agreement that includes executed signature pages to this Agreement shall include such signature pages only in redacted form with respect to the identity of the Directing Lenders and the amount of Term Loan Claims held by each Directing Lender (provided that the holdings disclosed in such signature pages may be filed in unredacted form under seal).

  • If no successor collateral agent (i) shall have been so appointed by the Directing Lenders, and (ii) shall have accepted such appointment, within thirty (30) days after the Collateral Agent's giving of notice of resignation, then, upon five (5) days' notice, the Collateral Agent may, on behalf of the Lenders, appoint a successor collateral agent.

  • At the request of the Agent or the Directing Lenders, upon and after the occurrence of any Event of Default, all remittances received by any Grantor shall be held in trust for the Agent and, in accordance with the Agent's instructions, remitted to the Agent or deposited to an account with the Agent in the form received (with any necessary endorsements or instruments of assignment or transfer).


More Definitions of Directing Lenders

Directing Lenders means at any time Lenders holding in excess ----------------- of 50% of the then aggregate unpaid principal amount of the Secured Obligations.
Sample 1
Directing Lenders means, at any date, Non-Defaulting Lenders and holders of Exchange Notes having or holding at least 33 1/3% (or a majority at any time that the Agents and their respective Affiliates hold a majority of the sum of the aggregate principal amount of Exchange Notes outstanding at such time plus the Adjusted Credit Exposure) of the Adjusted Credit Exposure.
Sample 1
Directing Lenders. JPMorgan Chase Bank, National Association. For the avoidance of doubt, the approval of the Directing Lenders shall not be required with respect to any matter identified as subject to the approval of the Directing Lenders herein that was approved by the Agent or the JPM Lender prior to the Restatement Effective Date.
Sample 1

Related to Directing Lenders

  • Existing Lenders as defined in the recitals hereto.

  • Consenting Lenders has the meaning specified in Section 2.13(b).

  • Requisite Revolving Lenders means Lenders having (a) more than 50% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Revolving Loan.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Extending Lenders has the meaning specified in Section 2.08.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.

  • Exiting Lender see Section 2.17.7.

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Issuing Lenders means all such Persons, collectively.

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Continuing Lenders as defined in the recitals hereto.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Revolving Credit Lenders means, collectively, all of the Lenders with a Revolving Credit Commitment.

  • Majority Revolving Credit Lenders means Lenders having more than 50% of the sum of all Revolving Credit Loans outstanding, LC Exposure and unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the aggregate outstanding amount of all Revolving Credit Loans and LC Exposure, held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Credit Lenders.

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Majority Revolving Lenders at any time, (a) if only one Revolving Lender holds the Total Revolving Commitments at such time, such Revolving Lender, both before and after the termination of such Revolving Commitment; and (b) if more than one Revolving Lender holds the Total Revolving Commitment, at least two Revolving Lenders who hold more than 50% of the Total Revolving Commitments (including, without duplication, the L/C Commitments) or, at any time after the termination of the Revolving Commitments when such Revolving Commitments were held by more than one Revolving Lender, at least two Revolving Lenders who hold more than 50% of the Total Revolving Extensions of Credit then outstanding (including, without duplication, any L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time)); provided that the Revolving Commitments of, and the portion of the Revolving Loans and participations in L/C Exposure and Swingline Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Purchasing Lenders shall have the meaning set forth in Section 9.6(c).

  • Declining Lender has the meaning specified in Section 2.05(c).