First Out Lenders definition

First Out Lenders has the meaning specified in the recitals.
Sample 1
First Out Lenders means, collectively, the Bankruptcy Preparation Overadvance Lenders, the Bridge Facility Overadvance Lenders, and the Prepetition Bridge Lenders.
Sample 1
First Out Lenders means those lenders set forth on Exhibit A to the Agreement AmongLenders.
Sample 1

Examples of First Out Lenders in a sentence

  • On March 28, 2023, 100% of the Super Priority Lenders, more than 99% of the Subordinated First- Out Lenders, and more than 99% of the Subordinated Last-Out Lenders (collectively, the “Consenting Creditors”) entered into the RSA with the Debtors.

  • The Bar Order thus provides the First Out Lenders and the Committee with the benefit of their bargain, while working no prejudice against any non-settling party.

  • The Required Last Out Lenders may make a credit bid of all or a portion of the Last Out Obligations only if the Obligations owed to the First Out Lenders are paid in full upon the initial closing of the transaction that is the subject of such credit bid.

  • Upon the Approval Date, the First Out Lenders shall have no further obligation to produce materials responsive to the First Out Subpoenas, all of which shall be deemed withdrawn with prejudice.

  • Each such assignment shall be without recourse to the First Out Lenders and without representation or warranty by the First Out Lenders.

  • RadioShack was not a party to the AAL.Pursuant to the AAL, the obligations owed to the First- Out Lenders were senior to the obligations owed to Standard General, as the last-out lender.

  • For the avoidance of doubt, unless otherwise agreed between a Lender and a transferee, any amount of the Closing Fee shall be for the sole account of the First Out Lenders and the Last Out Lenders party to this Agreement on the date hereof.

  • Although the Committee never agreed that such indemnification could possibly apply to the estate’s own claims against them, the First Out Lenders undoubtedly had exposure from third-party litigation, namely the SCP Lenders’ adversary proceeding, and had asserted inter-creditor rights against Standard General that complicated Standard General’s authority to credit bid.

  • Each such assignment shall be complete for all purposes upon receipt by the First Out Lenders of a payment under this Section and shall not require further documentation or action by either the First Out Lenders or the Last Out Lenders.

  • Upon a Triggering Event, the First Out Lenders get to direct any Exercise of Remedies (subject to a limited standstill period to permit exercise of the Buy Out Right described below).


More Definitions of First Out Lenders

First Out Lenders means each Lender that is designated on the signature pages hereto as a “First Out Lender” and each First Out Lender Transferee.
Sample 1
First Out Lenders means any Lenders or other Secured Parties holding First Out Loan Obligations.
Sample 1
First Out Lenders means those lenders set forth on Exhibit A to the Agreement Among Lenders.
Sample 1
First Out Lenders means the “Lenders” as defined under the First-Out Facility.
Sample 1

Related to First Out Lenders

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

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

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

  • Project Lender means a commercial bank, savings bank, savings and loan association, credit union or other financial institution that has loaned funds to the Developer to be used for construction of the Redevelopment Project and has secured such loan with a mortgage or security interest in the Redevelopment Project.

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

  • Extending Lenders has the meaning specified in Section 2.08.

  • Holdout Lender has the meaning specified therefor in Section 12.02(b).

  • 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).

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

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

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

  • Revolving Credit Lenders means the financial institutions from time to time parties hereto as lenders of the Revolving Credit.

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Subject Lender has the meaning assigned to that term in subsection 2.9.

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • New Revolving Credit Lender has the meaning specified in Section 2.14(a).

  • 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.

  • Replacement Lender shall have the meaning provided in Section 2.13.

  • Incremental Revolving Credit Lender means a Lender with an Incremental Revolving Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class as a result of an Incremental Revolving Credit Commitment.

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments that, taken together, represent more than 50% of the sum of (x) all Revolving Facility Loans outstanding, (y) all Revolving L/C Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Extending Lender shall have the meaning assigned to such term in Section 2.21(e).