Majority Consenting Term Lenders definition

Majority Consenting Term Lenders means Consenting Term Lenders who hold, in the aggregate, at least 50.1% of the principal amount of the total outstanding loans under the Term Loan Agreement held by all Consenting Term Lenders as of such date the Majority Consenting Term Lenders make a determination in accordance with the Plan Support Agreement or the Plan.
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Majority Consenting Term Lenders means Consenting Term Lenders who hold, in
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Majority Consenting Term Lenders means the Consenting Term Lenders holding a majority, in the aggregate, of the aggregate principal amount of the Existing Term Loans held by all Consenting Term Lenders at the applicable time, excluding in each case [***] and any Consenting Term Lender that, together with any of its affiliates, holds 5% or more of Altisource Portfolio Solutions S.A.’s common stock. “Maximum Number of Warrant Shares” means, at any date, the maximum number of Warrant Shares transferable to holders of Warrants upon exercise of the Warrants. “Mutual Termination Event” has the meaning set forth in Section 6(c) hereof. “New First Lien Term Loan Facility” means the new term loan facility, to be entered into on the Closing Date, under which the Borrower shall issue the Exchange First Lien Loans. “Open Trade” means a transaction, agreement, or other arrangement, whether done through an oral or written confirmation, under which a Party to this Agreement is entitled or obligated to Transfer or receive a Transfer of any Existing Term Loans, with a trade date on or prior to the applicable date of determination. “Other Released Party” means each of: (a) the Consenting Term Lenders and each of their Affiliates; (b) the predecessors, successors, and assigns of each of the foregoing, and (c) the current and former officers, directors, members, managers, partners, employees, shareholders, agents, attorneys, financial advisors, and other representatives of each of the foregoing, in each case in their capacity as such. “Party” or “Parties” has the meaning set forth in the preamble hereof. “Permitted Transferee” has the meaning set forth in Section 7(a) hereof.
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Examples of Majority Consenting Term Lenders in a sentence

  • If the Plan does not receive the required support from the Voting Classes, the Debtors may elect to amend the Plan (with the consent of the Majority Consenting Term Lenders), seek to sell their assets pursuant to section 363 of the Bankruptcy Code, or proceed with liquidation.

  • In addition, the Majority Consenting Term Lenders, together with the Debtors, will determine the terms and conditions to be contained in the New Opco Governance Documents.

  • The proposed members of the New Board and the proposed officers, directors, and/or managers of each of the Reorganized Debtors and New Holdco will be identified in the Plan Supplement and the members of the board of directors of any subsidiary of the Reorganized Debtors shall be satisfactory to the Majority Consenting Term Lenders.

  • While the Debtors believe that these risks are mitigated in part by the fact that the Exit ABL Facility and the Exit Term Facility are expected to be provided by the Majority Consenting Term Lenders and the DIP ABL Facility Consenting Lenders, as applicable, these uncertainties with respect to the Exit ABL Facility Agreement and the Exit Term Facility Agreement may nonetheless materially impair the functioning of the business or the Debtors or the Reorganized Debtors, as applicable.

  • General maintenance of the area outside the footprint of the 403 EATS building, is a joint responsibility and overall cleanliness will be up kept by 403 EATS employees and Lessee’s employees alike.

  • While the Debtors believe that these risks are mitigated in part by the fact that the Exit ABL Facility and theExit Term Facility are expected to be provided by the Majority Consenting Term Lenders and the DIP ABL Facility Consenting Lenders, as applicable, these uncertainties with respect to the Exit ABL Facility Agreement and the Exit Term Facility Agreement may nonetheless materially impair the functioning of the business or the Debtors or the Reorganized Debtors, as applicable.

  • For the avoidance of doubt, the Company Parties shall be permitted to make any Public Disclosure upon the failure of the Majority Consenting Term Lenders (including by or through the Ad Hoc Group Advisors) to respond within twenty-four (24) hours of receipt of such consent request.

  • Any Public Disclosure shall be reasonably acceptable to the Company Parties and reasonably acceptable to the Majority Consenting Term Lenders.

  • The proposed members of the New Board and the proposed officers, directors, and/or managers of each of the Reorganized Debtors and New Holdco will be identified in the Plan Supplement and the Case 15-11247-MFW Doc 141 Filed 06/30/15 Page 27 of 301 28 members of the board of directors of any subsidiary of the Reorganized Debtors shall be satisfactory to the Majority Consenting Term Lenders.

  • Directors and Officers The members of the New Board and the officers, directors, and/or managers of each of the Reorganized Debtors and New Holdco will be identified in the Plan Supplement and the members of the board of directors of any subsidiary of the Reorganized Debtors shall be satisfactory to the Majority Consenting Term Lenders.


More Definitions of Majority Consenting Term Lenders

Majority Consenting Term Lenders shall require the consent of each Consenting Term Lender; provided, further, that any modification or amendment to this Section 15(a) or Section 6(d)(i) shall require the consent of the Company Parties and all Consenting Term Lenders. (b) No waiver of any of the provisions of this Agreement shall be deemed to constitute a waiver of any other provision of this Agreement, whether or not such provisions are similar, nor shall any waiver of a provision of this Agreement be deemed a continuing waiver of such provision. 16.
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Majority Consenting Term Lenders means the Consenting Term Lenders holding a majority, in the aggregate, of the aggregate principal amount of the Existing Term Loans held by all Consenting Term Lenders at the applicable time, excluding in each case [***] and any Consenting Term Lender that, together with any of its affiliates, holds 5% or more of Altisource Portfolio Solutions S.A.’s common stock.
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Related to Majority Consenting Term Lenders

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

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

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.

  • Required Term Lenders means, as of any date of determination, Term Lenders holding more than 50% of the Term Facility on such date; provided that the portion of the Term Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term Lenders.

  • 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.

  • Existing Term Loans has the meaning specified in Section 2.16(a).

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Existing Term Loan Facility means that certain Term Loan Credit Agreement, dated as of September 7, 2018, by and among the ProFrac Services LLC, as the borrower thereunder, Holdings, the guarantors party thereto, the lenders party thereto and Barclays Bank PLC, as the administrative agent and collateral agent (as amended, amended and restated, supplemented and otherwise modified from time to time, and together with the guarantee and security documentation executed in connection therewith).

  • Refinancing Term Loans shall have the meaning assigned to such term in Section 2.21(j).

  • Required Term B Lenders means, as of any date of determination, Term B Lenders holding more than 50% of the Term B Facility on such date; provided that the portion of the Term B Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term B Lenders.

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Required Term A Lenders means, as of any date of determination, Term A Lenders holding more than 50% of the Term A Facility on such date; provided that the portion of the Term A Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term A Lenders.

  • Existing Term Loan has the meaning specified in Section 2.01(b).

  • Extending Term Lender has the meaning set forth in Section 2.16(c).

  • 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.

  • Existing Term Loan Credit Agreement means that certain Term Loan Credit Agreement, dated as of August 24, 2017, among the Borrower, the lenders from time to time party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent (as amended, restated, supplemented or otherwise modified prior to the Effective Date).

  • Tranche A Term Lender each Lender that has a Tranche A Term Commitment or that holds a Tranche A Term Loan.

  • 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.

  • Tranche A Term Loan Lender means a Lender with a Tranche A Term Loan Commitment or an outstanding Tranche A Term Loan.

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

  • Existing Term Loan Agreement means that certain Term Loan Credit Agreement dated as of October 22, 2010 by and among Holdings, the Company, as borrower, the Subsidiary Guarantors, the lenders party thereto from time to time and Xxxxx Fargo Bank, National Association, as administrative agent and collateral agent, as amended, restated, supplemented or otherwise modified from time to time.

  • Tranche B Term Lender each Lender that has a Tranche B Term Commitment or that holds a Tranche B Term Loan.

  • Supermajority Lenders means Lenders having (a) 66.67% or more of the Commitments of all Lenders, or (b) if the Commitments have been terminated, 66.67% or more of the aggregate outstanding amount of the Revolving Credit Advances.

  • 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.