Required Initial Lenders definition

Required Initial Lenders means, at any time, Initial Lenders having Loans or unused Commitments representing more than 50% of the sum of the total Loans and such unused Commitments held by the Initial Lenders at such time.
Sample 1Sample 2
Required Initial Lenders means the Initial Lenders holding more than 75% of the commitments for the Facilities provided under the Commitment Letter.
Sample 1Sample 2
Required Initial Lenders at any time, all of the Initial Lenders holding a Loan or a Revolving Credit Commitment at such time.
Sample 1Sample 2

Examples of Required Initial Lenders in a sentence

  • Notwithstanding anything to the contrary in the foregoing, (i) if the Required Initial Lenders participate in an Exit Financing, the Exit Premium due and payable to all Lenders shall be waived and (ii) the Exit Premium due to all Lenders may be waived in writing by the Required Initial Lenders in their sole discretion.

  • Execute and deliver the documents and complete the tasks set forth on Schedule 5.24, in each case, within the time limits specified therein (or such longer period of time acceptable to the Required Initial Lenders in their sole discretion).


More Definitions of Required Initial Lenders

Required Initial Lenders means at any time Lenders, other than Incremental Lenders, having Total Credit Exposures representing more than fifty percent (50)% of the Total Credit Exposures of all Lenders other than Incremental Lenders; provided, however, the Total Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Initial Lenders at any time.
Sample 1
Required Initial Lenders means the Initial Lenders that would otherwise constitute the Required Lenders had the Second Out Effective Date occurred at such time.
Sample 1

Related to Required Initial Lenders

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Incremental Lenders has the meaning set forth in Section 2.14(c).

  • Initial Lender has the meaning specified in the recital of parties to this Agreement.

  • Incremental Lender means an Incremental Revolving Lender or an Incremental Term Lender.

  • 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.

  • Additional Lenders has the meaning assigned to such term in Section 2.18(b).

  • Original Lenders shall have the meaning assigned to such term in the recitals.

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

  • 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.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Loan Commitments of any Series or Incremental Revolving Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.20.

  • Required Investors means the Investors holding a majority of the Registrable Securities.

  • Incremental Commitment shall have the meaning set forth in Section 2.23.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Incremental Commitment Agreement means each Incremental Commitment Agreement in the form of Exhibit R (appropriately completed) executed and delivered in accordance with Section 2.14.

  • Initial Commitment means, as to the Lender, its obligation to make an Initial Loan to the Borrower pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite the Lender’s name in Schedule 1.01A under the caption “Initial Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The initial aggregate amount of the Initial Commitments is $75,000,000.

  • Incremental Facility Amendment has the meaning specified in Section 2.14(d).

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Incremental Commitments has the meaning set forth in Section 2.14(a).

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

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • 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.

  • 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.

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

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

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

  • Exiting Lender see Section 2.17.7.