Required Consenting Bank Lenders definition

Required Consenting Bank Lenders means, as of the relevant date, Consenting Bank Lenders that collectively hold at least 66 2/3% of First Lien Credit Facility Claims held by all such Consenting Bank Lenders.
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Required Consenting Bank Lenders means, as of the relevant date, (i) with respect to any consent, amendment, waiver, or other modification relating to the Bank Term Sheet, the Common Terms, the Amended and Restated Bank Facilities, or any Definitive Documents listed in Sections 3.01(a)(1) and (3) of the Restructuring Support Agreement (other than any Lender Matter), Consenting Bank Lenders holding at least 66.67% of the aggregate outstanding principal amount of Credit Agreement Claims held by Consenting Bank Lenders under each of the applicable affected Prepetition Credit Agreements, and (ii) except as otherwise set forth in specific Sections of the Restructuring Support Agreement, for all other purposes under the Restructuring Support Agreement (other than any Lender Matter), Consenting Bank Lenders holding 66.67% of the aggregate outstanding principal amount of Credit Agreement Claims held by all Consenting Bank Lenders at such time; provided, however, that any purpose relating to specific Amended and Restated Bank Facilities (other than any Lender Matter or with respect to any consent, amendment, waiver, or other modification relating to any matter set forth or reflected in the Bank Term Sheet or the Common Terms) shall require only the consent of the Consenting Bank Lenders holding at least 66.67% of the aggregate outstanding principal amount of Credit Agreement Claims held by Consenting Bank Lenders party to such facilities if such consent, amendment, waiver, or other modification does not materially adversely affect the Consenting Bank Lenders under the other Amended and Restated Bank Facilities; provided, further, that, with respect to clauses (i) and (ii) above, (a) if the proposed consent, amendment, waiver, or modification has a disproportionate, material adverse effect of the treatment or economic rights of a Consenting Bank Lender, then the consent of each such affected Consenting Bank Lender shall be required to effectuate such consent, amendment, waiver, or modification in accordance with Section 13 of the Restructuring Support Agreement; and (b) if any Consenting Bank Lender (other than a Consenting Bank Lender that is a member of the CoCom) fails to respond to such a request for a consent, waiver, amendment of or in relation to any of the terms of the Restructuring Support Agreement within ten (10) Business Days of that request being made (unless the Company Parties and the CoCom agree in writing to a longer period in relation to any such request), the outstanding principa...
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Examples of Required Consenting Bank Lenders in a sentence

  • Exit Credit Facility Agreement means that certain credit agreement, dated as of the Effective Date (as the same may be amended, restated, amended and restated, supplemented, or otherwise modified from time to time in accordance with the terms thereof), containing terms consistent with the Exit Credit Facility Term Sheet and in form and substance satisfactory to the Required Consenting Noteholders and the Required Consenting Bank Lenders.

  • Required Consenting Bank Lenders has the meaning set forth in the Restructuring Support Agreement.

Related to Required Consenting Bank Lenders

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

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Non-Consenting Lenders has the meaning specified in Section 3.07(d).

  • Non-Consenting Lender means any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all Lenders or all affected Lenders in accordance with the terms of Section 11.01 and (b) has been approved by the Required Lenders.

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

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

  • Consenting Lender has the meaning specified in Section 2.19(b).

  • New Lenders has the meaning set forth in Section 2.16(c).

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Continuing Lenders as defined in the recitals hereto.

  • Refinancing Lender means, at any time, any bank, other financial institution or institutional investor that agrees to provide any portion of any Credit Agreement Refinancing Indebtedness pursuant to a Refinancing Amendment in accordance with Section 2.28; provided that each Refinancing Lender (other than any Person that is a Lender, an Affiliate of a Lender or an Approved Fund of a Lender at such time) shall be subject to the approval of the Administrative Agent and each Issuing Bank (in the case of Other Refinancing Revolving Commitments or Other Refinancing Revolving Loans) (such approval not to be unreasonably withheld or delayed), in each case to the extent any such consent would be required from the Administrative Agent and each Issuing Bank (in the case of Other Refinancing Revolving Commitments or Other Refinancing Revolving Loans) under Section 10.4(b) for an assignment of Loans or Commitments to such Refinancing Lender.

  • Exiting Lender see Section 2.17.7.

  • Non-Consenting Bank means any Bank that does not approve any consent, waiver or amendment that (a) requires the approval of each Bank or each affected Banks in accordance with the terms of Section 10.05 and (b) has been approved by the Required Banks.

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

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

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

  • Required Consenting Noteholders means, as of the relevant date, the Consenting Noteholders then holding greater than fifty and one-tenth percent (50.1%) of the aggregate outstanding principal amount of Senior Notes Claims that are held by all Consenting Noteholders subject to the Restructuring Supporting Agreement as of such date.

  • Extending Lenders has the meaning specified in Section 2.08.

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

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Lender Consent means any lender consent delivered by a Lender on the Closing Date in the form of Exhibit 4.1(a).

  • Additional Commitment Lender shall have the meaning provided in Section 2.15(c).

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • 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.