Majority Bank Lenders definition

Majority Bank Lenders means Lenders holding more than 50% of the sum of (a) the aggregate amount of uncancelled and undrawn Commitments and (b) the aggregate principal amount of outstanding Loans.
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Majority Bank Lenders means the holders of at least a majority in dollar amount of the aggregate unpaid principal amount of the LaSalle Obligations at the time outstanding.
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Majority Bank Lenders means Lenders the aggregate of whose Facility A Contributions, Facility B Contributions and Facility C Contributions and undrawn Facility B Commitments and undrawn Facility C Commitments at any relevant time exceed 66 2/3 per cent. of the aggregate of the Facility A Outstandings, the Facility B Outstandings and the Facility C Outstandings and the undrawn Facility B Total Commitments and the undrawn Facility C Total Commitments;
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Examples of Majority Bank Lenders in a sentence

  • Notwithstanding any other term of this Agreement (but without prejudice to the provisions of this Agreement relating to or requiring action by the Super Majority Lenders, Majority Lenders, the Majority Bank Lenders or the Majority Institutional Lenders) the interests of the Finance Parties are several and the amount due to each Finance Party is a separate and independent debt.

  • If no successor shall have been so appointed by Majority Bank Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative Agent with the approval of the Borrower not to be unreasonably withheld which shall be a bank with an office in New York, New York or London, or an affiliate of any such bank.

  • The Administrative Agent may be removed as agent hereunder upon 30 days' notice by an instrument in writing signed by the Majority Bank Lenders and the Borrower.

  • Upon any such resignation or removal, the Majority Bank Lenders shall have the right, with the approval of the Borrower not to be unreasonably withheld, to appoint a successor Administrative Agent.

  • As to any matters not expressly provided for by this Agreement, the Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, hereunder in accordance with instructions given by the Majority Bank Lenders, and such instructions of the Majority Bank Lenders and any action taken or failure to act pursuant thereto shall be binding on all of the Lenders.

  • Any written request or written instructions required or permitted to be given hereunder to the Collateral Agent shall be given exclusively by the Majority Bank Lenders or the Majority Note Lenders.

  • This Agreement shall be binding upon and inure to the benefit of and be enforceable by the respective successors and assigns of the parties hereto; provided, however, that the Store Company may not assign any rights or obligations under this Agreement without the prior written consent of the Majority Bank Lenders and the Majority Note Lenders.

  • If no successor shall have been so appointed by Majority Bank Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Bank Senior Lenders, appoint a successor Administrative Agent which shall be a bank with an office in New York, New York, or an Affiliate of any such bank.

  • However, where the Majority Bank Lenders and the Majority Noteholders are unable to reach an agreement on the manner of enforcement within 30 days of the date on which enforcement action is first taken by either creditor group, the decision of the Majority Bank Lenders shall prevail, and the Security Agent shall exercise its powers of enforcement and enforce the Security in the manner as the Majority Bank Lenders shall elect.

  • The Administrative Agent may be removed as agent hereunder upon 30 days' written notice by an instrument in writing signed by Majority Bank Lenders.


More Definitions of Majority Bank Lenders

Majority Bank Lenders means Lenders the aggregate of whose Facility A Contributions, Facility B Contributions and Facility C Contributions and undrawn Facility A Commitments, the undrawn Facility B Commitments and undrawn Facility C Commitments at any relevant time exceed 66 2/3 per cent. of the aggregate of the Facility A Outstandings, the Facility B Outstandings and the Facility C Outstandings and the undrawn Facility A Total Commitments, the undrawn Facility B Total Commitments and the undrawn Facility C Total Commitments;
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Majority Bank Lenders means holders of more than 50% of the aggregate outstanding principal amount of Bank Senior Debt and Bank Senior Debt Commitments.
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Related to Majority Bank Lenders

  • Majority Lenders means a Lender or Lenders whose Commitments aggregate more than 662/3% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 662/3% of the Total Commitments immediately prior to the reduction).

  • Supermajority Lenders of any Tranche shall mean those Non-Defaulting Lenders which would constitute the Required Lenders under, and as defined in, this Agreement if (x) all outstanding Obligations of the other Tranches under this Agreement were repaid in full and all Commitments with respect thereto were terminated and (y) the percentage “50%” contained therein were changed to “66-2/3%.”

  • Majority Banks means at any time Banks holding more than 50% of the Commitments, or if the Commitments have been terminated, Banks holding more than 50% of the then aggregate unpaid principal amount of the Advances.

  • Supermajority Banks means Banks having more than 75% of the sum of the Aggregate Commitments or, after the Revolving Credit Termination Date, more than 75% of the aggregate Revolving Loans outstanding (including funded participating interests in Swingline Loans).

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

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

  • Super Majority Lenders means a Lender or Lenders whose Revolving Facility Commitments aggregate more than eighty five per cent. (85%) of the Total Facility Commitments (or, if the Total Facility Commitments have been reduced to zero, aggregated more than eighty five per cent. (85%) of the Total Facility Commitments immediately prior to that reduction).

  • Required Lenders means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than 50% of the sum of the total Revolving Credit Exposures and unused Commitments at such time.

  • 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.

  • 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.

  • Majority Term Lenders at any time, (a) if only one Term Lender holds the Term Loan, such Term Lender; and (b) if more than one Term Lender holds the Term Loan, at least two Term Lenders who hold more than 50% of the principal sum of all Term Loans outstanding; provided that the portion of the Term Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Term Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • 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.

  • Requisite Term Loan Lenders shall in no event mean less than two Term Loan Lenders.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

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

  • Required Banks means at any time Banks having more than 50% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing more than 50% of the aggregate unpaid principal amount of the Loans.

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

  • 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.

  • 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.

  • Majority Revolving Credit Lenders means Revolving Credit --------------------------------- Lenders having at least 51% of the aggregate amount of the Revolving Credit Commitments or, if the Revolving Credit Commitments shall have terminated, Lenders holding at least 51% of the sum of (a) the aggregate unpaid principal amount of the Revolving Credit Loans plus (b) the aggregate amount of all Letter of Credit Liabilities.

  • Bank Agent means Bank of America, N.A., in its capacity as administrative agent for the Bank Lenders under the Bank Credit Agreement, and its successors and assigns in such capacity.

  • Facility Agent has the meaning set forth in the Preamble.

  • UK Non-Bank Lender means a Lender which gives a Tax Confirmation in the Assignment Agreement or Transfer Certificate which it executes on becoming a Party.

  • 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.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).