Required Lenders' Consent definition

Required Lenders' Consent means the receipt by the Administrative Agent, following completion of the Consent Procedure for any proposed transaction, of the written consent to the proposed transaction from the Required Lenders or, to the extent otherwise required by SECTION 12.1 of this Agreement, from all Lenders, in each case including and subject to any qualification or conditions that may be included in or referred to by the approving Lenders.
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Required Lenders' Consent has the meaning set forth in Section 2.1 hereof. -------------------------
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Required Lenders' Consent at a given time shall mean the direction to Agent to take an action or omit to take an action made in writing by holders representing at least (i) in the case of any direction to Agent to take any action except as specified in (ii) below, 66 2/3% of the aggregate principal amount of the Notes then outstanding and (ii) in the case of any instance involving the reduction of the principal amount of or the extension of the time scheduled for payment of principal of any Note or reduction of the rate of interest or extension of the time for payment of interest borne by any Note or the reduction or postponement of the date for payment of any other fees, expenses, indemnities or amounts payable under any Note or to the holder thereof, the holder of such Note.
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Examples of Required Lenders' Consent in a sentence

  • In the absence of receipt of the Required Lenders' Consent, the Agent shall take no action and shall not be subject to any liability, penalty, cost or expense for such inaction.

  • The Lenders, the Agent and the Lessor will not without the prior written consent of the Lessee amend Section 1.01, 2.02(d) through 2.02(h), 2.05(d) or 2.08 of the Loan Agreement or otherwise amend the Loan Agreement in a way that would have the effect of an amendment of the term "Required Lenders' Consent", as used in the Loan Agreement, insofar as such term is applicable to the taking or refraining from taking of action under the Lease Agreement by the Lessor or Agent as assignee of the Lessor.

  • Chapter 9: Transitions‌ Individuals may choose to change services, provider agencies, waiver programs, or even withdraw altogether from waiver services.

  • No Lender shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder in accordance with the Required Lenders' Consent, or in the absence of the Required Lenders' Consent, in the absolute discretion of Agent, subject to the provisions of Section 6.05 hereof.

  • To establish a prima facie case, Petitioner must show that: (1) he belongs to a protected class (race or national origin); (2) he was qualified for his position (CNC machinist); (3) he was subjected to an adverse employment action; and(4) his employer treated similarly-situated employees outside of his protected class more favorably than he was treated.

  • The terms of this Loan Agreement shall ---------------------- not be waived, altered, modified, amended, supplemented, or terminated in any manner whatsoever except by written instrument signed by the Lessor and the Agent following receipt of the Required Lenders' Consent; provided, however, that no such amendment shall revise or delete Sections 2.07, 2.08, 5.03 hereof or this Section 7.03 without the prior written consent of the holders of each of the Series A Notes and the Series B Notes respectively.

  • Upon any such resignation, the holders of the Series A Notes and the Series B Notes, by execution and delivery of a Required Lenders' Consent, shall agree upon a successor Agent.

  • Actions in Discretion of the Agent; Required Lenders' Consent...........

  • Unless terminated earlier pursuant to the terms of this ---- Agreement, the term of this Agreement shall commence as of the date on which the Required Lenders (as defined in the POLR Supplier's Credit Agreement dated as of April 28, 2000) consent to this Agreement under the terms of such Credit Agreement (such consent, the "Required Lenders' Consent") and continue until December 31, 2004, unless extended by mutual agreement of the Parties.

  • The terms of this Loan Agreement shall ---------------------- not be waived, altered, modified, amended, supplemented, or terminated in any manner whatsoever except by written instrument signed by the Lessor and the Agent following receipt of the Required Lenders' Consent; provided, however, that no such amendment shall revise or delete Sections 2.06, 2.07, 5.03 hereof or this Section 7.03 without the prior written consent of the holders of a majority in principal amount of the Notes.

Related to Required Lenders' Consent

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

  • Requisite Lenders means Lenders having or holding more than 50% of the sum of the aggregate Term Loan Exposure of all Lenders plus the aggregate Revolving Loan Exposure of all Lenders.

  • Supermajority Lenders means, at any time, Lenders having Credit Exposure and unused Commitments representing at least 66 2/3% of the sum of the total Credit Exposure and unused Commitments at such time.

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

  • 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).

  • Lender Consent means any lender consent delivered by a Lender on the Closing Date in the form of Exhibit 4.1(a).

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

  • VA Approved Lender means a lender which is approved by the VA to act as a lender in connection with the origination of VA Loans.

  • Required Loan Documents means, for each Loan Asset, originals (except as otherwise indicated) of the following documents or instruments, all as specified on the related Loan Asset Checklist:

  • 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).

  • Approved Lender is defined in Section 12.1.

  • 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.

  • 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).

  • 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.

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

  • Majority Revolving Lenders at any time, (a) if only one Revolving Lender holds the Total Revolving Commitments at such time, such Revolving Lender, both before and after the termination of such Revolving Commitment; and (b) if more than one Revolving Lender holds the Total Revolving Commitment, at least two Revolving Lenders who hold more than 50% of the Total Revolving Commitments (including, without duplication, the L/C Commitments) or, at any time after the termination of the Revolving Commitments when such Revolving Commitments were held by more than one Revolving Lender, at least two Revolving Lenders who hold more than 50% of the Total Revolving Extensions of Credit then outstanding (including, without duplication, any L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time)); provided that the Revolving Commitments of, and the portion of the Revolving Loans and participations in L/C Exposure and Swingline Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Lenders; provided further that a Lender and its Affiliates shall be deemed one 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.

  • 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.

  • Additional Commitment Lender shall have the meaning provided in Section 2.15(c).

  • 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 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.

  • Super Majority Lenders means a Lender or Lenders whose Revolving Facility Commitments aggregate more than eighty five per cent. (85%) of the Total Facility Commitments (or, if the Total Facility Commitments have been reduced to zero, aggregated more than eighty five per cent. (85%) of the Total Facility Commitments immediately prior to that reduction).

  • 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.

  • Requisite Holders means at any time holders of Warrant Shares and Warrants representing at least a majority of the Warrant Shares outstanding or issuable upon the exercise of all the outstanding Warrants.

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

  • 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.