Required Group Agents definition

Required Group Agents means, in respect of any action, the percentage of Group Agents required to take or approve such action, as set forth in Section 9.14(a).
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Required Group Agents means at any time (a) if there are two or fewer Group Agents, then all Group Agents, and (b) if there are more than two Group Agents, (i) Group Agents for Lenders then holding more than fifty percent (50%) of the Commitments then in effect, or (ii) if the Commitments have terminated, Group Agents for Lenders then holding more than fifty percent (50%) of the Loans (Group Agents that are Affiliates of one another being considered as one Group Agent for purposes of this proviso).
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Required Group Agents shall have the meaning specified in the Letter Agreement.
Sample 1

Examples of Required Group Agents in a sentence

  • For the avoidance of doubt, the Borrower may not invite any additional Eligible Assignee to become a New Committed Lender until authorized by the Administrative Agent and the Required Group Agents in accordance with the immediately preceding sentence.

  • Should any Seller or the Servicer default in the payment or performance of any of the Obligations, the Agent or the Required Group Agents may cause the immediate performance by each of the Performance Guarantors of the Obligations and cause any payment Obligations to become forthwith due and payable to the Agent, the Group Agents and the Purchasers, without demand or notice of any nature (other than as expressly provided herein), all of which are expressly waived by each of the Performance Guarantors.

  • Subject to the prior satisfaction of the conditions precedent described in Section 3 hereof, the Required Group Agents consent to the amendments as set forth in Section 1 hereof, with acknowledgement by each of the Administrative Agent and the Collateral Agent.

  • Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Group Agents.

  • Any such amendment with respect to an Early Opt-in Election will become effective on the date that Lenders comprising the Required Group Agents have delivered to the Administrative Agent written notice that such Required Group Agents accept such amendment.

  • Upon any such resignation or removal, the Agent, at the direction of the Required Group Agents, shall have the right to appoint a successor Custodian.

  • No amendment, waiver, supplement or other modification of this Letter Agreement shall be effective unless made in writing and executed by each of the Sellers, the Servicer, the Agent, and the Required Group Agents (or if required by the Agency Agreement, each Group Agent).

  • Subject to the satisfaction of the condition precedent described in Section 2 hereof, the Administrative Agent and the Required Group Agents hereby approve the Consent.

  • Sellers shall promptly deliver any and all material amendments to its Credit and Collection Policy to the Agent; provided, that the Purchasers shall not be required to purchase any Mortgage Loans originated under any amended criteria if such amendment is not reasonably acceptable to the Required Group Agents.

  • Subject to the prior satisfaction of the conditions precedent described in Section 2 hereof, the Administrative Agent and the Required Group Agents agree (A) to extend the deadline under Section 11.11(a) of the Loan Agreement with respect to delivery of a Tax Loss Policy to November 25, 2015 (such date, the “Required Delivery Date”) and (B) that failure to deliver any Tax Loss Policy before the Required Delivery Date shall not constitute a Default or Event of Default.


More Definitions of Required Group Agents

Required Group Agents means at any time, the Group Agents related to Groups with Purchase Limits which equal at least 51% of the Facility Limit at such time.
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Related to Required Group Agents

  • Lender Group Representatives has the meaning specified therefor in Section 17.9 of the Agreement.

  • DIP Agents means the DIP ABL Agent and the DIP Term Loan Agent.

  • Senior Managing Agents means each institution listed as a senior managing agent on the cover hereto, each in their capacity as senior managing agents.

  • Managing Agents as defined in the preamble hereto.

  • DIP Agent means the administrative agent for the DIP Lenders as defined in the DIP Credit Agreement.

  • Majority Purchaser Agents means a minimum of two Purchaser Agents which in their related Purchaser Group have Related Committed Purchasers whose Commitments aggregate more than 50% of the aggregate Commitment of all Related Committed Purchasers in all Purchaser Groups.

  • 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.

  • Arrangers as defined in the preamble hereto.

  • Co-Syndication Agents as defined in the preamble hereto.

  • Required Lenders means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than 50% of the aggregate Revolving Credit Exposures and unused Commitments at such time.

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

  • Requisite Term Loan Lenders shall in no event mean less than two Term Loan Lenders.

  • Co-Agents is defined in the preamble.

  • 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.

  • Second Lien Administrative Agent shall have the meaning assigned to the term “Administrative Agent” in the Second Lien Credit Agreement.

  • Supplemental Administrative Agents shall have the corresponding meaning.

  • Supermajority Banks means Banks having more than 75% of the sum of the Aggregate Commitments or, after the Revolving Credit Termination Date, more than 75% of the aggregate Revolving Loans outstanding (including funded participating interests in Swingline Loans).

  • Co-Arrangers has the meaning specified in the recital of parties to this Agreement.

  • Administrative Agent-Related Persons means Administrative Agent, its Affiliates, and the officers, directors, employees, agents and attorneys-in-fact of the Administrative Agent and its Affiliates.

  • Joint Lead Arrangers shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Required Banks means at any time Banks having at least 66 2/3% of the aggregate amount of the Commitments or, if the Commitments are no longer in effect, Banks holding at least 66 2/3% of the aggregate outstanding principal amount of the sum of the (i) Syndicated Loans and (ii) Money Market Loans.

  • Agent’s Group has the meaning specified in Section 8.02(b).

  • Co-Lead Arrangers means X.X. Xxxxxx Securities Inc. and RBSGC.

  • Lead Arrangers means Xxxxxxx Xxxxx Bank USA, Barclays Bank PLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., KKR Capital Markets LLC, Citigroup Global Markets Inc. and UBS Securities LLC.

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

  • Supermajority Lenders means Lenders having (a) 66.67% or more of the Commitments of all Lenders, or (b) if the Commitments have been terminated, 66.67% or more of the aggregate outstanding amount of the Revolving Credit Advances.