Required Covenant Lenders means, at any time, Lenders holding in the aggregate more than fifty percent (50%) of (a) (i) the Aggregate Revolving Commitments (and participations therein) or (ii) if the Aggregate Revolving Commitments have been terminated, the Total Revolving Outstandings (and participations therein); plus (b) the Total Closing Date Term Loan Outstandings; provided, that the unfunded Revolving Commitments of, Total Revolving Outstandings and Total Closing Date Term Loan Outstandings held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Covenant Lenders.
Required Covenant Lenders means, at any time, the Lenders under the Classes with respect to which the Financial Performance Covenant is applicable at such time having Loans and unused Commitments under such Classes that are Term Facilities, Revolving Facility Commitments (and, if the Revolving Facility Commitments have been terminated, Lenders having Revolving Facility Credit Exposures) representing more than 50% of all Loans and unused Commitments under such Classes that are Term Facilities and Revolving Facility Commitments (and, if the Revolving Facility Commitments have been terminated, all Revolving Facility Credit Exposures); provided that the amount of any participation in any Swingline Loan and Unreimbursed L/C Disbursements that any Defaulting Lender has failed to fund that has not been reallocated to and funded by another Lender shall be deemed to be held by the Lender that is the Swingline Lender or applicable L/C Issuer, as the case may be, in making the determination of the “Required Covenant Lenders” with respect to the Revolving Facility.
Required Covenant Lenders means, at any time, the Required Lenders but excluding for all purposes of the determination thereof any Refinancing Term Loans that pursuant to the terms of the applicable Refinancing Amendment establishing such Refinancing Term Loans are to be excluded from any determination of the Required Covenant Lenders (any such Refinancing Term Loans so excluded, “Excluded Term Loans”).
Examples of Required Covenant Lenders in a sentence
Elite Insurance Company Board Order No. A.I. 7 (2006) Application: Issued: March 30, 2006For approval to implement revised rates for its private passenger class of business.Decision:1.
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The Borrower, Parent and the Required Covenant Lenders desire that certain provisions of the Credit Agreement be amended as provided herein.
The Administrative Agent shall have received duly executed and delivered counterparts of this Amendment that, when taken together, bear the signatures of Parent, the Borrower, each Subsidiary Guarantor and the Required Covenant Lenders.
More Definitions of Required Covenant Lenders
Required Covenant Lenders means, as of any date of determination, Lenders holding more than 50% of the sum of (a) Total Revolving Outstandings (with the aggregate Dollar Equivalent amount of each Revolving Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Lender for purposes of this definition), (b) the aggregate unused Revolving Commitments, and (c) the aggregate Outstanding Amount of all Term Loans under each Term Facility that is a Covenant Facility; provided that the Commitment of, and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Covenant Lenders.
Required Covenant Lenders means, at any time, Lenders owed or holding at least a majority in interest of the aggregate principal amount of the Term A Advances and, if Section 5.04 is then applicable to the New Revolving Facility, the New Revolving Commitments, in each case, outstanding at such time.
Required Covenant Lenders means, at any time, Lenders having Revolving Credit Exposure, unused Revolving Credit Commitments, Tranche A Term Loans and Tranche A Term Loan Commitments representing more than 50% of the sum of all Revolving Credit Exposure, unused Revolving Credit Commitments, Tranche A Term Loans and Tranche A Term Loan Commitments at such time; provided that any Defaulting Lender shall be excluded for purposes of making a determination of Required Covenant Lenders; provided, further, that, to the same extent set forth in Section 9.04(n) with respect to determination of Required Covenant Lenders, the Loans of any Affiliated Lender shall in each case be excluded for purposes of making a determination of Required Covenant Lenders.
Required Covenant Lenders means, at any time, Lenders having Other Term A Loans, Revolving Loans, L/C Exposure and unused Revolving Credit Commitments representing more than 50% of the sum of all Other Term A Loans, Revolving Loans, L/C Exposure and unused Revolving Credit Commitments at such time; provided that the Revolving Loans, L/C Exposure and unused Revolving Credit Commitments of any Defaulting Lender shall be disregarded in the determination of the Required Covenant Lenders at any time; provided further, that if at any time the aggregate amount of (x) all Incremental Term Loan Commitments established after the Fourth Restatement Effective Date pursuant to Section 2.24 in respect of Other Term A Loans plus (y) all Revolving Credit Commitment Increases effected after the Fourth Restatement Effective Date pursuant to Section 2.26 shall exceed $400,000,000 in the aggregate, any amendment or waiver hereunder that (X) requires the consent of the Required Covenant Lenders and (Y) eliminates the financial covenant set forth in Section 6.11 or 6.13, increases the ratios or levels set forth therein or otherwise would render the provisions of Section 6.11 or 6.13 materially less restrictive, shall also require the consent of Lenders having Revolving Loans, L/C Exposure and unused Revolving Credit Commitments representing more than 50% of the sum of all Revolving Loans, L/C Exposure and unused Revolving Credit Commitments at such time (which, for purposes of this proviso, shall be determined excluding all Revolving Credit Commitment Increases effected after the Fourth Restatement Effective Date pursuant to Section 2.26).
Required Covenant Lenders at any time, the holders of more than 50% of the sum of (a) the aggregate amount of Tranche A Term Loan Commitments then in effect, and if any such Commitments have been terminated, the aggregate then unpaid principal amount of such related Tranche A Term Loans, as applicable and (b) the Revolving Commitments then in effect or, if the Revolving Commitments have been terminated, the amount of the Revolving Extensions of Credit then outstanding; provided that in determining Required Covenant Lenders at any time, the Loans, Commitments and Revolving Extensions of Credit of each Defaulting Lender and each Affiliate Lender (other than any Debt Fund Affiliate) shall be disregarded.
Required Covenant Lenders means, as of any date of determination, Non-Defaulting Lenders the sum of whose outstanding Term Loans, unutilized Term Loan Commitments, Revolving Loans, Unutilized R/C Commitments, Swingline Exposure and L/C Liabilities then outstanding represents more than 50% of the aggregate sum (without duplication) of (i) all outstanding Term Loans under each Tranche of Term Loans that is a Covenant Facility of all Non-Defaulting Lenders and all unutilized Term Loan Commitments under each Tranche of Term Loans that is a Covenant Facility of all
Required Covenant Lenders means, at any time, Lenders having 2019 Term A Loans, Other Term A Loans, Revolving Loans, L/C Exposure and unused Revolving Credit Commitments representing more than 50% of the sum of all 2019 Term A Loans, Other Term A Loans, Revolving Loans, L/C Exposure and unused Revolving Credit Commitments at such time; provided that the Revolving Loans, L/C Exposure and unused Revolving Credit Commitments of any Defaulting Lender shall be disregarded in the determination of the Required Covenant Lenders at any time.