Required ABL Lenders definition

Required ABL Lenders means, at any time, Lenders (other than Defaulting Lenders) having a majority in aggregate principal amount of the DIP ABL Revolving Commitments of all Lenders (other than DIP ABL Revolving Commitments of Defaulting Lenders) or, if the DIP ABL Revolving Commitments shall have terminated, having a majority in aggregate principal amount of the DIP ABL Credit Exposure of all Lenders (other than DIP ABL Credit Exposure of Defaulting Lenders).
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Required ABL Lenders means the “Required Lenders” under and as defined in the ABL Credit Agreement.
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Required ABL Lenders means those lenders the approval of which is required to approve an amendment or modification of, termination or waiver of any provision of, or consent to any departure from, the ABL Credit Agreement (or would be required to effect such consent under this Agreement if such consent were treated as an amendment thereof).
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Examples of Required ABL Lenders in a sentence

  • This Amendment may be amended, modified or supplemented only by a writing signed by the Administrative Agent, the Required ABL Lenders and the Borrower; provided that any amendment or modification that would require the consent of all Lenders or all affected Lenders if made under the Credit Agreement shall require the consent of all ABL Lenders or all affected ABL Lenders, as applicable.

  • Performance of the Case Milestones, in each case as may be waived, amended, modified or extended from time to time in accordance with the Restructuring Support Agreement or, to the extent the Restructuring Support Agreement is no longer in force and effect, for purposes of this Adequate Protection Obligation, by the Required ABL Lenders (prior to the ABL Satisfaction Date) and the Required 1L Term Lenders in their sole discretion.

  • A playground for younger children and facilities for older children are proposed.

  • For the avoidance of doubt, no amendment, modification or update to an Approved Budget shall be effective without the approval of (i) the Required DIP Lenders or the DIP Lender Professionals, or (ii) the Required ABL Lenders.

  • The Initial Budget (as supplemented by any budget that is approved by the Required DIP Lenders and the Required ABL Lenders in accordance with the terms of the DIP Loan Documents and this Interim Order) shall be deemed the “Approved Budget” for all purposes hereof, until superseded by a subsequent Approved Budget pursuant to the provisions of the DIP Loan Documents and this Interim Order.

  • The Debtors shall prepare in good faith and deliver to the DIP Agent, the DIP Lenders, the professionals for the Initial DIP Lenders, the ABL Loan Agents and the ABL Loan Lenders, updated cash flow statements, consistent with the form and level of detail of the Initial Budget and otherwise in form and substance acceptable to theRequired DIP Lenders and the Required ABL Lenders, as and to the extent required by, and at such times, and for the periods required under, the DIP Loan Agreement.

  • In addition, the Debtors shall comply with all Financial Covenants (as defined in the DIP Loan Documents) in the DIP Loan Agreement without giving effect to any amendment or waiver thereof unless consented to by the Required ABL Lenders.

  • The ABL Documentation shall contain customary provisions for replacing non-consenting ABL Lenders in connection with amendments and waivers requiring the consent of all ABL Lenders or of all ABL Lenders directly affected thereby so long as the Required ABL Lenders shall have consented thereto.

  • The Debtors shall provide all budget, variance reports, other reports and other access to information as required in section 6.15 of the DIP Loan Agreement without giving effect to any amendment or waiver thereof unless consented to by the Required ABL Lenders.

  • All borrowings under the DIP Facility, and the use of Cash Collateral, shall at all times comply with the Approved Budget, on the terms and subject to the permitted variances expressly set forth in the DIP Loan Agreement without giving effect to any amendment or waiver thereof unless consented to by the Required ABL Lenders (the “Permitted Variances”).


More Definitions of Required ABL Lenders

Required ABL Lenders means the holders of more than 50% of the sum of the aggregate unpaid principal amount of the Loans then outstanding.
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Required ABL Lenders means, as of any date of determination, at least two ABL Lenders who are not Affiliates of one another (so long as there are not less than two such ABL Lenders) holding more than fifty percent (50%) of the Aggregate ABL Commitments or, if the commitment of each ABL Lender to make ABL Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 8.02, at least two ABL Lenders who are not Affiliates of one another (so long as there are not less than two such ABL Lenders) holding in the aggregate more than fifty percent (50%) of the Total ABL Outstandings (with the aggregate amount of each ABL Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such ABL Lender for purposes of this definition); provided that the ABL Commitment of, and the portion of the Total ABL Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required ABL Lenders. “Required FILO Lenders” means, as of any date of determination, (a) prior to the funding of the FILO Loans on the Amendment No. 1 Effective Date, at least two FILO Lenders who are not Affiliates of one another (so long as there are not less than two such FILO Lenders) holding more than fifty percent (50%) of the Aggregate FILO Commitments and (b) thereafter, at least two FILO Lenders who are not Affiliates of one another (so long as there are not less than two such FILO Lenders) holding in the aggregate more than fifty percent (50%) of the Total FILO Outstandings; provided that the FILO Commitment of, and the portion of the Total FILO Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required FILO Lenders. “Required Lenders” means, as of any date of determination, at least two Lenders who are not Affiliates of one another (so long as there are not less than two such Lenders) holding more than fifty percent (50%) of the Aggregate ABL Commitments and the Total FILO Outstandings or, if the commitment of each Lender to make Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 8.02, at least two Lenders who are not Affiliates of one another (so long as there are not less than two such Lenders) holding in the aggregate more than fifty percent (50%) of the Total Outstandings (with the aggregate amount of each Lender’s risk parti...
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Required ABL Lenders. “Supermajority ABL Lenders,” “Required FILO Lenders,” “Supermajority FILO Lenders” or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder, without the written Consentconsent of each Lender; (f) except as expressly permitted hereunder or under any other Loan Document, release, or limit the liability of, any Loan Party without the written Consentconsent of each Lender; (g) except for Permitted Dispositions, release all or substantially all of the Collateral from the Liens of the Security Documents without the written Consentconsent of each Lender; (h) except as provided in Section 2.15, increase the Aggregate ABL Commitments (or increase the amounts defined as the Commitment Increases in Section 2.15) without the written Consentconsent of each ABL Lender; (i) increase the FILO Commitments without the written consent of each FILO Lender; (j)
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Related to Required ABL Lenders

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

  • ABL Lender means any lender or holder or agent or arranger of Indebtedness under the ABL Credit Agreement.

  • 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.

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

  • 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.

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

  • 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.

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

  • 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.

  • 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.

  • 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).

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

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

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

  • First Lien Credit Agreement means the Credit Agreement, dated as of the Closing Date, among Holdings, the Borrower, the guarantors party thereto, the lenders party thereto, the other parties from time to time party thereto, and the First Lien Administrative Agent.

  • Majority Revolving Credit Lenders means Lenders having more than 50% of the sum of all Revolving Credit Loans outstanding, LC Exposure and unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the aggregate outstanding amount of all Revolving Credit Loans and LC Exposure, held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Credit Lenders.

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

  • 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.

  • Second Lien Credit Agreement means that certain Second Lien Credit Agreement, dated as of December 30, 2020, among Vine Energy Holdings LLC, as borrower, the lenders from time to time party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc. as Administrative Agent (as defined therein) and Collateral Agent (as defined therein), as further amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time

  • Incremental Lenders has the meaning set forth in Section 2.14(c).

  • 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.

  • ABL Credit Facility means the senior secured asset-based revolving loan facility and the term loan facilities made pursuant to the ABL Credit Agreement.

  • Supermajority Lenders means, at any time, Lenders having or holding more than 66 2/3% of the aggregate Revolving Loan Exposure of all Lenders; provided, that (i) the Revolving Loan Exposure of any Defaulting Lender shall be disregarded in the determination of the Supermajority Lenders, and (ii) at any time there are two or more Lenders (who are not Affiliates of one another), “Supermajority Lenders” must include at least two Lenders (who are not Affiliates of one another or Defaulting Lenders).

  • Required Facility Lenders means, with respect to any Facility on any date of determination, Lenders having more than 50% of the sum of (i) the outstanding Loans under such Facility and (ii) the aggregate unused Commitments under such Facility; provided that, to the same extent set forth in Section 10.07(h) with respect to determination of Required Lenders, the Loans of any Affiliated Lender shall in each case be excluded for purposes of making a determination of Required Facility Lenders.

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

  • Prepetition Lenders means the Persons identified as "Lenders" under the Prepetition Credit Agreement, in their capacities as lenders under the Prepetition Credit Agreement, together with their successors and permitted assigns.