Required Enforcement Lenders definition

Required Enforcement Lenders means either (a) Lenders having outstanding Loans representing more than 50% of the total outstanding Loans hereunder at such time or (b) Non-Lucent Lenders having outstanding Loans representing more than 50% of the total outstanding Loans hereunder held by Non-Lucent Lenders at such time.
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Required Enforcement Lenders means, at any time, Lenders having outstanding Loans hereunder representing more than 50% of the sum of the total outstanding Loans hereunder at such time; provided that at any time that there are any Non-Cisco Lenders and the Non-Cisco Lenders do not hold Loans outstanding hereunder representing at least 50% of the total Loans outstanding hereunder at such time, "Required Enforcement Lenders" means either (a) Lenders having outstanding Loans representing more than 50% of the total outstanding Loans hereunder at such time or (b) Non-Cisco Lenders having outstanding Loans representing more than 50% of the total outstanding Loans hereunder held by Non-Cisco Lenders at such time.
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Required Enforcement Lenders means, at any time, Lenders having outstanding Loans hereunder representing more than 50% of the sum of the total outstanding Loans hereunder at such time; PROVIDED that at any time that there are any Non-Nortel Lenders and the Non-Nortel Lenders do not hold
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Examples of Required Enforcement Lenders in a sentence

  • Subject to any written instructions received by the Collateral Agent from or on behalf of the Required Enforcement Lenders as to the times at which any amounts are to be distributed pursuant to Section 5.02, all distributions under Section 5.02 shall be made at such times as the Collateral Agent shall, in its sole discretion, determine.

  • At any time that an Event of Default has occurred and is continuing, the Collateral Agent shall, subject in all cases to the provisions of Article VII, exercise or refrain from exercising all such rights, powers and remedies as shall be available to it under the Common Agreement, the Support Documents or any of them in accordance with any written instructions received from one or more of the Administrative Agents on behalf of the Required Enforcement Lenders.

  • Instructions to the Collateral Agent with respect to the exercise of rights and remedies under the Common Agreement and the Support Documents (including pursuant to any power of attorney granted to the Collateral Agent hereunder or under any Brazilian Security Document) upon the occurrence and during the continuance of an Event of Default shall require an Act of the Required Enforcement Lenders, as provided in Section 4.02.


More Definitions of Required Enforcement Lenders

Required Enforcement Lenders has the meaning assigned to such term in the Collateral Agency Agreement.
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Required Enforcement Lenders means, at any time, the Required Lenders at such time determined as if all Commitments then in effect had been terminated.
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Required Enforcement Lenders. Majority Total Lenders", "Majority Credit Agreement Lenders", "Supermajority Total Lenders" or "Required Put Option Lenders" or this Section, or any other provision of any Support Document or the Common Agreement specifying the identity, number or percentage of Lenders required to waive, amend or modify any rights thereunder or make any determination, grant any consent or give any instructions thereunder;
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Related to Required Enforcement Lenders

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

  • Required Prepayment Lenders the Majority Facility Lenders in respect of each Facility.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Majority Facility Lenders with respect to any Facility, the holders of more than 50% of the aggregate unpaid principal amount of the Term Loans or the Total Revolving Extensions of Credit, as the case may be, outstanding under such Facility (or, in the case of the Revolving Facility, prior to any termination of the Revolving Commitments, the holders of more than 50% of the Total Revolving Commitments).

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

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

  • Borrower Credit Agreement Obligations the collective reference to the unpaid principal of and interest on the Loans and Reimbursement Obligations and all other obligations and liabilities of the Borrower (including, without limitation, interest accruing at the then applicable rate provided in the Credit Agreement after the maturity of the Loans and Reimbursement Obligations and interest accruing at the then applicable rate provided in the Credit Agreement after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) to the Administrative Agent or any Lender, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Credit Agreement, this Agreement, or the other Loan Documents, or any Letter of Credit, or any other document made, delivered or given in connection therewith, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are required to be paid by the Borrower pursuant to the terms of any of the foregoing agreements).

  • Extending Lenders has the meaning specified in Section 2.08.

  • Required Lenders means, at any time, Lenders having Revolving Exposures, Term Loans and unused Commitments representing more than 50% of the sum of the total Revolving Exposures, outstanding Term Loans and unused Commitments at such time.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Revolving Credit Documents means the Revolving Credit Agreement and the Revolving Credit Collateral Documents.

  • First Lien Credit Documents means the “Credit Documents” as defined in the First Lien Credit Agreement.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Term Loans of such Lender; provided, at any time prior to the making of the Term Loans, the Term Loan Exposure of any Lender shall be equal to such Lender’s Term Loan Commitment.

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

  • Replacement Lender shall have the meaning provided in Section 2.13.

  • Existing Lenders as defined in the recitals hereto.

  • Requisite Revolving Lenders means Lenders having (a) more than 50% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Revolving Loan.

  • Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Loans of such Lender; provided, at any time prior to the making of the Loans, the Loan Exposure of any Lender shall be equal to such Lender’s Commitment.

  • Existing Revolving Credit Agreement means that certain Revolving Credit Agreement, dated as of August 29, 2018, among the Borrower, the other borrowers party thereto, the lenders and letter of credit issuers from time to time party thereto and Xxxxx Fargo Bank, National Association, as administrative agent (as amended, restated, supplemented or otherwise modified from time to time).

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Refinancing Lender has the meaning assigned to such term in Section 2.23(c).

  • Refinancing Revolving Credit Commitments means one or more Classes of Revolving Credit Commitments hereunder that result from a Refinancing Amendment.

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • First Lien Credit Agreement means the Credit Agreement, dated as of the Closing Date, among Holdings, the Borrower, the guarantors party thereto, the lenders party thereto, the other parties from time to time party thereto, and the First Lien Administrative Agent.

  • Lender Parties means, collectively, the Administrative Agent, the Lenders, the Issuing Bank, the Specified Derivatives Providers, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 12.7, any other holder from time to time of any of any Obligations and, in each case, their respective successors and permitted assigns.