Required Lead Lenders definition

Required Lead Lenders means Lead Lenders holding in the aggregate more than 50% of the Loans held by all Lead Lenders on the date approval is given; provided that if there are no Lead Lenders, any item requiring Lead Lenders approval shall require no approval and shall be at the option of the Company unless otherwise indicated in this Agreement; provided, further, that if at any time any Lead Lender shall be a Defaulting Lender at such time, there shall be excluded from the determination of Required Lead Lenders at such time the aggregate principal amount of the Loans owing to such Lead Lender (in its capacity as a Lead Lender) and outstanding at such time.
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Required Lead Lenders means Lead Lenders holding in the aggregate more than 50% of the Loans held by all Lead Lenders on the date approval is given; provided, that for purposes of the definition of “Exit Facility Documentation”, Section 2.15, Section 2.22, Section 4.01(j)(iv)-(vii), Section 5.01(n), Section 5.02(q) and Section 6.01(h)(iv), “Required Lead Lenders” shall mean (a) Lead Lenders holding in the aggregate more than 50% of the First Lien First Out Loans held by all Lead Lenders on the date approval is given and (b) Lead Lenders holding in the aggregate more than 50% of the First Lien Last Out Loans and Junior Loans held by all Lead Lenders on the date approval is given ; provided, further , that if there are no Lead Lenders, any item requiring Lead Lenders approval shall require no approval and shall be at the option of the Company unless otherwise indicated in this Agreement; provided, further, that if at any time any Lead Lender shall be a Defaulting Lender at such time, there shall be excluded from the determination of Required Lead Lenders at such time the aggregate principal amount of the Loans owing to such Lead Lender (in its capacity as a Lead Lender) and outstanding at such time.
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Required Lead Lenders means (a) Lead Lenders holding in the aggregate more than 50% of the First Lien First Out Loans held by all Lead Lenders on the date approval is given and (b) Lead Lenders holding in the aggregate more than 50% of the First Lien Last Out Loans and Junior Loans held by all Lead Lenders on the date approval is given ; provided, further , that if there are no Lead Lenders, any item requiring Lead Lenders approval shall require no approval and shall be at the option of the Company unless otherwise indicated in this Agreement; provided, further, that if at any time any Lead Lender shall be a Defaulting Lender at such time, there shall be excluded from the determination of Required Lead Lenders at such time the aggregate principal amount of the Loans owing to such Lead Lender (in its capacity as a Lead Lender) and outstanding at such time.
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Examples of Required Lead Lenders in a sentence

  • Promptly after the Closing Date and prior to the Effective Date, upon the request of the Required Lead Lenders, one person who shall be satisfactory to the Required Lead Lenders and reasonably acceptable to the Company shall be added to the board of directors of the Company; provided that such person (1) is independent with respect to the Company and the Lead Lenders and (2) is available to continue their service on the board of directors post-emergence.

  • The Company shall not, and not permit any of its Subsidiaries to, make payments in respect of a settlement relating to the U.K. Pension Scheme other than as reasonably acceptable to the Required Lead Lenders.

  • The proceeds of the Loans shall be used to (i) refinance outstanding Term Loans under, and as defined in, the Existing DIP Credit Agreement (as such agreement is in effect immediately prior to the Closing Date), (ii) fund working capital requirements of the Company, (iii) fund adequate protection payments in respect of the Existing Second Lien Debt permitted under the DIP Order, and (iv) fund settlement payments reasonably acceptable to the Required Lead Lenders.

  • For the avoidance of doubt, prior to the Conversion Date this Agreement may be amended by the Required Lead Lenders (as defined in the Existing DIP Credit Agreement).

  • Covenants shall include providing an updated 13 week forecast on a weekly basis and reporting against the most recent forecast provided, compliance with Milestones set forth on Annex II, and additional segment reporting to be reasonably acceptable to the Required Lead Lenders and the Company.

  • If at any time any change in GAAP or the application thereof would affect the computation of any financial ratio or requirement set forth in any Loan Document, and either the 9 To be reasonably satisfactory to the Required Lead Lenders.

  • On or prior to July 31, 2013, the Bankruptcy Court shall have entered a final order, in form and substance reasonably satisfactory to the Required Lead Lenders, confirming the Acceptable Reorganization Plan.

  • The Junior DIP Facility shall include a covenant providing that the bidding procedures for any Specified Sale shall be reasonably satisfactory to the Required Lead Lenders.

  • If the foregoing correctly sets forth our agreement, please indicate your acceptance of the terms of this A&R Commitment Letter and the Fee Letter by returning to us executed counterparts of this A&R Commitment Letter and the Fee Letter no later than 11:00 p.m., New York City time, on February 28, 2013 (it being understood that your acceptance of the terms hereof shall be of no force or effect if the Required Lead Lenders have provided the written notice described in clause (b) of this paragraph).

  • The bidding procedures in connection with any Specified Sale shall be reasonably satisfactory to the Required Lead Lenders.

Related to Required Lead Lenders

  • 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.

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

  • Majority Lenders means a Lender or Lenders whose Commitments aggregate more than 662/3% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 662/3% of the Total Commitments immediately prior to the reduction).

  • Supermajority Lenders means, at any time, Lenders having or holding more than 66 2/3% of the aggregate Revolving Loan Exposure of all Lenders; provided, that (i) the Revolving Loan Exposure of any Defaulting Lender shall be disregarded in the determination of the Supermajority Lenders, and (ii) at any time there are two or more Lenders (who are not Affiliates of one another), “Supermajority Lenders” must include at least two Lenders (who are not Affiliates of one another or Defaulting Lenders).

  • Required Loan Documents means, for each Loan:

  • Majority Banks means at any time Banks holding more than 50% of the Commitments, or if the Commitments have been terminated, Banks holding more than 50% of the then aggregate unpaid principal amount of the Advances.

  • 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).

  • Required Banks means at any time Banks having more than 50% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing more than 50% of the aggregate unpaid principal amount of the Loans.

  • Required Facility Lenders means, with respect to any Facility on any date of determination, Lenders having more than 50% of the sum of (i) the outstanding Loans under such Facility and (ii) the aggregate unused Commitments under such Facility; provided that, to the same extent set forth in Section 10.07(h) with respect to determination of Required Lenders, the Loans of any Affiliated Lender shall in each case be excluded for purposes of making a determination of Required Facility Lenders.

  • Minority Lenders has the meaning provided in SECTION 9.02(c).

  • 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).

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Super Majority Lenders means at any time a Lender or group of Lenders whose Commitments aggregate more than 80% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 80% of the Total Commitments immediately prior to that reduction).

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

  • 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.

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

  • Facility Agent has the meaning set forth in the Preamble.

  • Majority Term Lenders at any time, (a) if only one Term Lender holds the Term Loan, such Term Lender; and (b) if more than one Term Lender holds the Term Loan, at least two Term Lenders who hold more than 50% of the principal sum of all Term Loans outstanding; provided that the portion of the Term Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Term Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Lead Lender means a lending insti- tution having a direct contractual rela- tionship with a borrower to advance funds, which institution sells or as- signs an interest or interests in such loan to one or more other lenders.

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

  • Term Loan Administrative Agent means the administrative agent under the Term Loan Agreement

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.

  • Borrower Representative has the meaning assigned to such term in Section 11.01.

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

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.