Majority Combined Lenders definition

Majority Combined Lenders means the Lenders having at least 66 2/3% of the aggregate "Credit Exposure." For the purposes hereof, "Credit Exposure" of any Lender shall mean, at any date of determination, the maximum dollar amount that such Lender could be then required by the terms hereof (assuming all conditions to Borrowings and Issuances were satisfied) to expend to (i) purchase participations in Letters of Credit pursuant to Section 3.04 hereof (including any amounts so expended and not reimbursed at the date of determination) and (ii) fund A Advances (including any amounts so expended to fund A Advances outstanding on the date of determination).
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Majority Combined Lenders means the Lenders having at least 66 2/3% ------------------------- of the aggregate "Credit Exposure." For the purposes hereof, "Credit Exposure" of any Lender shall mean, at any date of determination, the maximum dollar amount that such Lender could be then required by the terms hereof (assuming all conditions to Borrowings and Issuances were satisfied) to expend to (i) purchase participations in Letters of Credit pursuant to Section 3.05 hereof (including any amounts so expended and not reimbursed at the date of determination) and
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Examples of Majority Combined Lenders in a sentence

  • Upon any such resignation or removal, the Majority Combined Lenders, after consulting with the Borrower and giving due consideration to any successor agent recommended by the Borrower, shall have the right to appoint a successor Agent with the consent of the Borrower (which shall not be unreasonably withheld).

  • Upon any removal of the Issuing Bank, the Majority Combined Lenders and the Borrower shall jointly have the right to appoint a successor Issuing Bank.

  • If no successor Issuing Bank shall have been so appointed by the Majority Combined Lenders and the Borrower, and shall have accepted such appointment, within 30 days after the removal of the Issuing Bank, the Issuing Bank may, on behalf of the Lenders, appoint a successor Issuing Bank, which shall be a commercial bank organized or licensed to do business under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $50,000,000.

  • Except as is otherwise expressly provided in this Section 10.01, no amendment or waiver of any provision of this Agreement, nor consent to any departure by the Borrower therefrom, shall in any event be effective unless the same shall be in writing and signed by the Majority Combined Lenders.

  • The Issuing Bank may be removed at any time with or without cause jointly by the Majority Combined Lenders and the Borrower.

  • The Agent may resign at any time by giving ten days' prior written notice thereof to the Lenders and the Borrower and may be removed at any time with or without cause by the Majority Combined Lenders; provided, that, the Agent may resign without having given such notice if it is required to do so as a matter of law.

  • The Borrower will not, without the written consent of the Majority Combined Lenders, permit the ratio of Debt on the last day of any Fiscal Quarter of the Borrower to EBITDA for the period of four consecutive Fiscal Quarters of the Borrower ending on such day to be greater than 3.00 to 1.00.

  • Within ten Business Days after the request of the -------- Majority Combined Lenders made through the Agent, cause its domestic Subsidiaries designated in such request to enter into and deliver a guaranty of the Obligations, such guaranty to be in form and substance satisfactory to the Majority Combined Lenders.

  • Within ten Business Days after the request of the Majority Combined Lenders made through the Agent, cause its Subsidiaries designated in such request to enter into and deliver a guaranty of the Obligations, such guaranty to be in form and substance satisfactory to the Majority Combined Lenders.

  • Except as is otherwise expressly ------------------------- provided in this Section 10.01, no amendment or waiver of any provision of this Agreement, nor consent to any departure by the Borrower therefrom, shall in any event be effective unless the same shall be in writing and signed by the Majority Combined Lenders.

Related to Majority Combined Lenders

  • 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 Lenders means, at any time, Lenders having Credit Exposure and unused Commitments representing at least 66 2/3% of the sum of the total Credit Exposure and unused Commitments at such time.

  • 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).

  • 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).

  • 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.

  • Requisite Lenders means Lenders having or holding more than 50% of the sum of the aggregate Term Loan Exposure of all Lenders plus the aggregate Revolving Loan Exposure of all Lenders.

  • 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 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.

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

  • VA Approved Lender means a lender which is approved by the VA to act as a lender in connection with the origination of VA Loans.

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

  • Approved Lender is defined in Section 12.1.

  • 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).

  • 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.

  • Super-Majority Banks means at any time Banks having at least 85% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing at least 85% of the aggregate unpaid principal amount of the Loans.

  • 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.

  • Minority Lenders has the meaning provided in SECTION 9.02(c).

  • Affiliated Lender Cap has the meaning assigned to such term in Section 9.05(g)(iv).

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

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

  • Majority Interests Vote means the vote, at a meeting of Holders, of (A) 67% or more of the Interests present or represented at such meeting, if Holders of more than 50% of all Interests are present or represented by proxy, or (B) more than 50% of all Interests, whichever is less.

  • Requisite Holders means at any time holders of Warrant Shares and Warrants representing at least a majority of the Warrant Shares outstanding or issuable upon the exercise of all the outstanding Warrants.

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

  • Supermajority means, with respect to any Class of Notes, the holders of at least 66-2/3% of the Aggregate Outstanding Amount of the Notes of such Class.

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

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