Required Delayed Draw Term Lenders definition

Required Delayed Draw Term Lenders means Lenders (other than Defaulting Lenders) having more than 50% of the aggregate amount of the Delayed Draw Term Commitments of the Lenders (excluding any Defaulting Lender) or, after the termination of the Delayed Draw Term Commitments or at any time after the Delayed Draw Term Availability Period, the outstanding Delayed Draw Term Loans (excluding any Defaulting Lender).

Required Delayed Draw Term Lenders means, as of any date of determination, Delayed Draw Term Lenders holding more than 50% of the Delayed Draw Term Facility on such date; provided that the portion of the Delayed Draw Term Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Delayed Draw Term Lenders.

Required Delayed Draw Term Lenders means, as of any date of determination, Delayed Draw Term Lenders holding more than 50% of the sum of (x) the aggregate amount of all Delayed Draw Term Loans then outstanding and (y) the aggregate Delayed Draw Term Commitments.

Examples of Required Delayed Draw Term Lenders in a sentence

• During the existence of a Default, no Loans may be requested as, converted to or continued as Eurodollar Rate Loans without the consent of the Required Revolving Lenders, the Required Delayed Draw Term Lenders or the Required Term Lenders, as applicable.

• Notwithstanding anything to the contrary herein, only the consent of the Required Delayed Draw Term Lenders shall be required with respect to an amendment, modification or waiver solely impacting the Delayed Draw First Lien Term Loan Facility.

• For the avoidance of any doubt, and notwithstanding anything to the contrary in this Agreement or any other Loan Document, each Delayed Draw Term Lender agrees that, other than with respect to amounts payable pursuant to Section 10.12(c), the payment of principal, interest and fees on account of Delayed Draw Obligations may be limited in connection with the provision of any Insolvency Financing that is a Conforming Insolvency Financing or is otherwise consented to by the Required Delayed Draw Term Lenders.

• No Revolving Secured Party or, Delayed Draw Secured Party or MRE Secured Party may benefit from a Recovery, and any distribution made to a Revolving Secured Party or, a Delayed Draw Secured Party or an MRE Secured Party as a result of a Recovery will be paid over to the Agent for application to the Obligations in accordance with Section 10.5 (after application to any Insolvency Financing that is a Conforming Insolvency Financing or is otherwise consented to by the Required Delayed Draw Term Lenders).

• In the event the Agent and the Required Delayed Draw Term Lenders are unable after negotiating in good faith to agree on the amount of the proceeds referred to in clause (3) of the preceding sentence, the Agent or the Required Delayed Draw Term Lenders may apply to a court of competent jurisdiction to make a determination as to the settlement of such claims, and the court’s determination shall be binding upon all the Parties.

More Definitions of Required Delayed Draw Term Lenders

Required Delayed Draw Term Lenders means the “Required Senior Term Lenders” (or an equivalent term with substantially similar meaning as the meaning of such term in the Original KfW Credit Agreement) under and as defined in the Specified Pari Passu Lien Debt Documents.

Required Delayed Draw Term Lenders means, as of any date of determination, Lenders holding more than 50% of the sum of (a) the aggregate Outstanding Amount of all Delayed Draw Term Loans and (b) the aggregate unused Delayed Draw Term Commitments; provided that the unused Delayed Draw Term Commitments 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 Delayed Draw Term Lenders.

Required Delayed Draw Term Lenders means Delayed Draw Term Lenders having more than fifty percent (50.00%) of the sum of (i) all Delayed Draw Term Loans outstanding and (ii) to the extent not terminated or expired, all unutilized Delayed Draw Term Loan Commitments; provided that the Delayed Draw Term Loans and unutilized Delayed Draw Term Loan Commitments held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Delayed Draw Term Lenders.

Required Delayed Draw Term Lenders means, at any date prior to the Delayed Draw Term Loan Commitment Termination Date, Non-Defaulting Lenders having or holding a majority of the Adjusted Available Delayed Draw Term Loan Commitment at such date.

Required Delayed Draw Term Lenders means, at any time, Lenders (other than Defaulting Lenders) holding in the aggregate at least a majority of the unfunded Delayed-Draw Term Loan Commitments (and Participation Interests therein) and the outstanding Delayed-Draw Term Loans (and Participation Interests therein).

Required Delayed Draw Term Lenders means, each of (i) RXR FP GP LLC (as the RXR Representative to the RXR Lender) and (ii) CF Principal Investments LLC, each acting in their individual capacities.

Required Delayed Draw Term Lenders shall in no event mean less than two (2) Delayed Draw Term Loan Lenders.