Required Committed Lenders definition

Required Committed Lenders means Committed Lenders holding in the aggregate more than fifty percent (50%) of the Aggregate Commitment; provided, however, that if any Committed Lender shall be a Defaulting Lender at such time, then there shall be excluded from the determination of Required Lenders, such Committed Lender’s Commitments.
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Required Committed Lenders means at a particular time, Committed Lenders with Commitments in excess of 66 2/3 % of the Facility Amount.
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Required Committed Lenders has the meaning set forth in the Credit and Security Agreement.
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Examples of Required Committed Lenders in a sentence

  • Each Review (other than the first Review occurring during any calendar year) shall be conducted solely at the request of the Required Committed Lenders.

  • After the occurrence of an Amortization Event, the Administrative Agent, at the direction of the Required Committed Lenders, may at any time designate as Servicer any Person to succeed Converting or any successor Servicer, provided that the Rating Agency Condition (if applicable) is satisfied.

  • The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, in accordance with a request of the Required Committed Lenders or all of the Secured Parties, as applicable, and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Secured Parties.

  • If the Administrative Agent shall resign, then the Required Committed Lenders during such five (5) day period shall appoint from among the Secured Parties a successor agent.

  • Some noted that there was a considerable transfer of resources from the South to the North, partly because of debt servicing.


More Definitions of Required Committed Lenders

Required Committed Lenders means at a particular time, Committed Lenders with Commitments in excess of 50% of the aggregate Commitments, provided, that at any time there are not more than three (3) Lender Groups party hereto, “Required Committed Lenders” shall mean all Committed Lenders.
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Required Committed Lenders means Committed Lenders representing more than 50% of the Aggregate Commitment or, if the Commitments have been terminated, Committed Lenders that represented more than 50% of the Aggregate Commitment immediately prior to such termination; provided that, subject to the terms of the relevant Asset Purchase Agreement, so long as any Conduit Lender in any Lender Group holds any Loans hereunder, the Committed Lenders in such Lender Group shall give any vote or direction hereunder only with the consent or at the direction of the related Funding Agent on behalf of such Conduit Lender. Solely for purposes of this definition, a Lender that has defaulted on its funding obligations hereunder (a "Defaulted Lender") shall not be considered a "Committed Lender" and the Aggregate Commitment shall be calculated without including the Commitment of such Defaulted Lender.
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Required Committed Lenders means Committed Lenders holding in the aggregate more than fifty percent (50%) of the Aggregate Commitment
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Required Committed Lenders means at a particular time, Committed Lenders with Commitments in excess of 66 2/3 % of the Facility Amount; provided that at any time at which there are three or fewer Committed Lenders, Required Committed Lenders shall mean all Committed Lenders.
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Required Committed Lenders at any time, Lenders, the Committed Facilities Credit Exposure Percentages of which aggregate more than 50%; provided, that the Committed Facilities Credit Exposure of any Defaulting Lender shall be excluded from the calculation of Committed Facilities Credit Exposure Percentages in determining the Required Committed Lenders. “Required Dollar Working Capital Facility Uncommitted Tranche Lenders”: at any time, Lenders under the Dollar Working Capital Facility Uncommitted Tranche, the Dollar Working Capital Facility Uncommitted Tranche Credit Exposure Percentages of which aggregate more than 50%; provided, that the Dollar Working Capital Facility Uncommitted Tranche Credit Exposure of any Defaulting Lender shall be excluded from the calculation of Dollar Working Capital Facility Uncommitted Tranche Credit Exposure Percentages in determining the Required Dollar Working Capital Facility Uncommitted Tranche Lenders. “Required Lenders”: at any time, Lenders, the Credit Exposure Percentages of which aggregate more than 50%; provided, that the Credit Exposure of any Defaulting Lender USActive 56005294.956005294.16- 98-
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Required Committed Lenders means Committed Lenders having 51% of the aggregate amount of the Revolving Loan Commitments (as defined in the Committed Credit Agreement) or, if the Revolving Loan Commitments have terminated, Committed Lenders holding at least 51% of the aggregate amount of the Credit Exposure (as defined in the Committed Credit Agreement). If at the time of the calculation of the Required Committed Lenders, (i) one or more Committed Lenders are also Uncommitted Lenders or (ii) one or more Defaulting Banks (as defined in the Committed Credit Agreement) exists, the Credit Exposure and unused Revolving Loan Commitments of each Committed Lender that is also an Uncommitted Lenders and each Defaulting Bank shall be excluded from both the numerator and denominator of the calculation.
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Required Committed Lenders means, collectively, TD and Rabobank.
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