Instructing Group definition

Instructing Group means at any time:

Instructing Group means, until the Senior Obligation Payment Date, the Required Lenders and, thereafter, the Second Priority Instructing Group.

Instructing Group means, at any time:

Examples of Instructing Group in a sentence

• Senior Lenders and Senior Secured Bridge/Notes Creditors No Senior Lender or Senior Secured Bridge/Notes Creditor Senior Secured Creditor may take any Enforcement Action under paragraph (c) of the definition thereof without the prior written consent of an Instructing Group.

• If any Transaction Security is held by a Creditor other than the Security Agent, then Creditors may only enforce that Transaction Security in accordance with instructions given by an Instructing Group in accordance with this Clause (and for this purpose references to the Security Agent shall be construed as references to that Creditor).

• If the Agent gives notice of its resignation pursuant to Clause 20(10) (Resignation), then, unless Section 20(10)(b) applies, any reputable and experienced bank or other financial institution may be appointed as a successor thereto by an Instructing Group during the period of such notice but, if no such successor is so appointed, the Agent may appoint such a successor itself.

• If the Transaction Security is being enforced pursuant to Clause 12.2 (Enforcement instructions), the Security Agent shall enforce the Transaction Security in such manner (including, without limitation, the selection of any administrator of any Debtor to be appointed by the Security Agent) as the Instructing Group shall instruct or, in the absence of any such instructions, as the Security Agent sees fit, subject to the terms of the relevant Transaction Security Documents.

• If the Transaction Security is being enforced pursuant to Clause 9.1 (Enforcement Instructions), the Security Agent shall enforce the Transaction Security in such manner (including, without limitation, the selection of any administrator (or any analogous officer in any jurisdiction) of any Debtor to be appointed by the Security Agent) as instructed by the Instructing Group.

More Definitions of Instructing Group

Instructing Group means a Bank or group of Banks to whom in aggregate more than fifty per cent of the Loan is (or, immediately prior to its repayment, was then) owed;

Instructing Group means any one or more Banks whose combined Proportionate Shares equal or exceed sixty per centum (60%).

Instructing Group means the Instructing Group at that time as more precisely described and calculated in accordance with the Intercreditor Agreement.

Instructing Group means the Required Liquidity Providers and, unless the Windmill Termination Date has occurred and Windmill has no Investment, Windmill.

Instructing Group means (i) at any time there are three or more Purchaser Groups, the Purchaser Agents representing Purchaser Groups with at least 66-2/3% of the Commitments and (ii) at any time there are fewer than three Purchaser Groups, the Purchaser Agents representing Purchaser Groups with 100% of the Commitments.

Instructing Group means Lenders, the sum of whose Term Facility Outstandings (or, if prior to the occurrence of the Utilisations on the Initial Borrowing Date, whose Term Facility Commitments), Incremental Revolving Facility Commitments, Incremental Term Facility Commitments and Revolving Facility Commitments (or after the termination thereof, the Incremental Revolving Facility Outstandings, the Incremental Term Facility Outstandings and the Revolving Facility Outstandings) as of any date of determination represent greater than 50 per cent. of the sum of all Term Facility Outstandings (or, if prior to the occurrence of the Utilisations on the Initial Borrowing Date, whose Term Facility Commitments) and the sum of all Incremental Revolving Facility Commitments, Incremental Term Commitments and Revolving Facility Commitments of all Lenders at such time (or after the termination thereof, the sum of the then total Incremental Revolving Facility Outstandings, Incremental Term Facility Outstandings and Revolving Facility Outstandings of all Lenders at such time).

Instructing Group means the Required Liquidity Providers, the Enhancer and, unless the Amsterdam Termination Date has occurred and Amsterdam has no Investment, Amsterdam.