Required First Out Lenders definition

Required First Out Lenders has the meaning set forth in the AAL.
Sample 1Sample 2
Required First Out Lenders means, at any time, First Out Lenders whose First Out Pro Rata Shares aggregate to more than 50% at such time.
Sample 1Sample 2
Required First Out Lenders means, at any time, First Out Lenders whose First Out Pro Rata Shares aggregate to more than 50% at such time. “Required Last Out Lenders” means, at any time, Last Out Lenders whose Last Out Pro Rata Shares aggregate to more than 50% at such time. “Retained Interest” has the meaning set forth in Section 10(c)(ii) hereof.
Sample 1

Examples of Required First Out Lenders in a sentence

  • Within five 5 Business Days after receipt of such request under Section 5(a)(i), Agent, in its sole discretion, may appoint a third Person, reasonably acceptable to the Agent, the Required First Out Lenders and the Required Last Out Lenders, to serve as a sub-agent of Agent for the purpose of effecting the Exercise of Secured Creditor Remedies.

  • The Required First Out Lenders shall be permitted, at their election, to make a credit bid of all or a portion of the Obligations owed to the First Out Lenders.

  • No Last Out Lender or any of its Affiliates will take any action that would hinder, delay or otherwise interfere with any Exercise of Secured Creditor Remedies directed by Required First Out Lenders in accordance with this Agreement or otherwise pursued by Agent in its discretion.

  • Fe3O4 and Fe2O3 showed capacities oftested in a full cell battery using a LiNi0.5Mn1.5O4 cathode (4.7 V).

  • Agent will use reasonable efforts to provide each Lender a copy of each written direction of the Required First Out Lenders or Required Last Out Lenders, as applicable, to commence the Exercise of Secured Creditor Remedies and any election of Agent to exercise its discretionary rights under the Loan Documents.

Related to Required First Out Lenders

  • Required Facility Lenders means, with respect to any Facilities on any date of determination, Lenders having or holding more than 50% of the sum of (a) the aggregate principal amount of outstanding Loans under such Facilities and (b) the aggregate unused Commitments under such Facilities; provided that the portion of outstanding Loans and the unused Commitments of such Facilities, as applicable, held or deemed held by a Defaulting Lender shall be excluded for purposes of making a determination of Required Facility Lenders.

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.

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

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • 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.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).