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 has the meaning set forth in the Credit and Security Agreement.
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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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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 and during the continuance 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.

  • Upon notice thereof by the Administrative Agent to the Borrower, any obligation of the Lenders to make Term SOFR Loans, and any right of the Borrower to convert any Loan to or continue any Loan as a Term SOFR Loan, shall be suspended (to the extent of the affected Term SOFR Loans or the affected Interest Periods) until the Administrative Agent (with respect to clause (ii), at the instruction of the Required Committed Lenders) revokes such notice.

  • In connection with any amendment, waiver, determination or direction relating to any part of this Section 7.2(e) of which a Non-Eligible Finance Party does not have the benefit, the Commitments of that Non-Eligible Finance Party will be excluded for the purpose of determining whether the consent of the Required Committed Lenders or all the Lenders has been obtained or whether the determination of the Required Committed Lenders or all the Lenders has been made.


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 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 means at a particular time, Committed Lenders with Commitments in excess of 50% of the Facility Amount, provided, that at any time there are not more than three (3) Lender Groups party hereto, “Required Committed Lenders” shall mean Committed Lenders with Commitments equal to 100% of the Facility Amount.
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Required Committed Lenders. 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 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. USActive 56005294.156005294.9 -95-
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Required Committed Lenders means, at a particular time, Committed Lenders (including, for this purpose, Non-Renewing Committed Lenders) whose Lender Groups’ Advances outstanding are in excess of 66 2/3 % of the Advances Outstanding at such time.
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