Required Multicurrency Lenders definition

Required Multicurrency Lenders means Multicurrency Lenders having Revolving Multicurrency Credit Exposures and unused Multicurrency Commitments representing more than 50% (or, if there are only three (3) Multicurrency Lenders at such time, at least two-thirds, and, if there are only two (2) Multicurrency Lenders at such time, all such Multicurrency Lenders) of the sum of the total Revolving Multicurrency Credit Exposures and unused Multicurrency Commitments at such time.
Required Multicurrency Lenders at any time, the holders of more than 50% of the Multicurrency Subcommitments then in effect.
Required Multicurrency Lenders means, as of any date of determination, Multicurrency Lenders holding more than 50% of the sum of the (a) Total Multicurrency Outstandings (with the aggregate amount of each Multicurrency Lender’s risk participation and funded participation in Multicurrency L/C Obligations being deemed “held” by such Multicurrency Lender for purposes of this definition) and (b) aggregate unused Multicurrency Commitments; provided that the unused Multicurrency Commitment of, and the portion of the Total Multicurrency Outstandings held or deemed held by, any Multicurrency Lender that is a Defaulting Lender shall be excluded for purposes of making a determination of Required Multicurrency Lenders.

Examples of Required Multicurrency Lenders in a sentence

  • For purposes hereof “Currency Valuation Notice” means a notice given by the Required Multicurrency Lenders to the Administrative Agent stating that such notice is a “Currency Valuation Notice” and requesting that the Administrative Agent determine the aggregate Revolving Multicurrency Credit Exposure.

  • For purposes hereof, “Currency Valuation Notice” means a notice given by the Required Multicurrency Lenders to the Administrative Agent stating that such notice is a “Currency Valuation Notice” and requesting that the Administrative Agent determine the aggregate Revolving Multicurrency Credit Exposure.

  • For purposes hereof, “Currency Valuation Notice” means a notice given by the Required Multicurrency Lenders to the Administrative Agent stating that such notice is a “Currency Valuation Notice” and requesting that the Administrative Agent determine the aggregate Revolving Multicurrency Credit Exposure.The Administrative Agent shall not be required to make more than one valuation determination pursuant to Currency Valuation Notices within any rolling three month period.

  • For purposes hereof "Currency Valuation Notice" means a notice given by the Required Multicurrency Lenders to theAdministrative Agent stating that such notice is a "Currency Valuation Notice" and requesting that the Administrative Agent determine the aggregate Revolving Multicurrency Credit Exposure.

  • Educational programs must be adapted to cultural and sporting contexts premises in which they are located.• Education is everyone’s responsibility, cooperation between signatories to ensure the mosteffective use of resources, including avoiding duplication where possible, is encouraged.• Meeting the requirements of the ISE is achievable for every signatory, regardless of resources and capacity.

  • Required Dollar Lenders and Required Multicurrency Lenders have taken or may take any action hereunder or under any other Loan Document (including any consent to any amendment, waiver or other modification pursuant to Section 9.02); provided that any amendment, waiver or other modification requiring the consent of all Lenders or all Lenders affected thereby shall, except as otherwise provided in Section 9.02, require the consent of such Defaulting Lender in accordance with the terms hereof.

  • For purposes hereof “Currency Valuation Notice” means a notice given by the Required Multicurrency Lenders to the Administrative Agent stating that such notice is a “Currency Valuation Notice” and requesting that the Administrative Agent determine the aggregate Revolving Multicurrency Credit Exposure.


More Definitions of Required Multicurrency Lenders

Required Multicurrency Lenders means Lenders having Revolving Credit Exposures and unused Commitments of such Class representing more than 50% (or, if there are only three Lenders of such Class at such time, 67% and, if there are only two Lenders of such Class at such time, all such Lenders) of the sum of the total Revolving Credit Exposures and unused Commitments of such Class at such time.
Required Multicurrency Lenders means Lenders having Credit Exposures and unused Commitments of such Class representing more than 50% of the sum of the total Credit Exposures and unused Commitments of such Class; provided that the Credit Exposures and unused Commitments of any Defaulting Lenders shall be disregarded in the determination of Required Lenders to the extent provided for in Section 2.17. “Required Payment Amount” has the meaning assigned to such term in Section 6.05(b). “Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to any shares of any class of capital stock of the Borrower or any of its Subsidiaries, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such shares of capital stock of the Borrower or any option, warrant or other right to acquire any such shares of capital stock of the Borrower (other than any equity awards granted to employees, officers, directors and consultants of the Borrower and its Affiliates); provided, for clarity, neither the conversion of convertible debt into Permitted Equity Interests nor the purchase, redemption, retirement, acquisition, cancellation or termination of convertible debt made solely with Permitted Equity Interests (other than interest or expenses or fractional shares, which may be payable in cash) shall be a Restricted Payment hereunder. “Restructured Investment” has the meaning assigned to such term in Section 5.13. “Revaluation Date” means (a) with respect to any Loan, each of the following: (i) each date of a Borrowing of a Eurocurrency Loan denominated in an Agreed Foreign Currency, (ii) each date of a continuation of a Eurocurrency Loan denominated in an Agreed Foreign Currency and (iii) such additional dates as the Administrative Agent shall reasonably and in good faith determine or the Required Lenders shall reasonably and in good faith require; and (b) with respect to any Letter of Credit, each of the following: (i) each date of issuance of a Letter of Credit denominated in an Agreed Foreign Currency, (ii) each date of an amendment of any such Letter 31
Required Multicurrency Lenders means, as of any date of determination, Multicurrency Lenders holding more than 50% of the sum of the (a) Total Multicurrency Outstandings (with the aggregate amount of each Multicurrency Lender’s risk participation and funded participation in Multicurrency L/C Obligations and Multicurrency Swing Line Loans being deemed “held” by such Multicurrency Lender for purposes of this definition) and (b) aggregate unused Multicurrency Commitments; provided that the unused Multicurrency Commitment of, and the portion of the Total Multicurrency Outstandings held or deemed held by, any Multicurrency Lender that is a Defaulting Lender shall be excluded for purposes of making a determination of Required Multicurrency Lenders.
Required Multicurrency Lenders means Multicurrency Lenders having Revolving Multicurrency Credit Exposures and unused
Required Multicurrency Lenders means, at any time, Lenders having Multicurrency Revolving Tranche Loan Outstandings and unused Multicurrency Revolving Tranche Loan Commitments representing more than 50% of the total Multicurrency Revolving Tranche Loan Outstandings. The Commitments of, and the portion of the Multicurrency Revolving Tranche Loan Outstandings and Multicurrency Revolving Tranche Loan Commitments held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Multicurrency Lenders.
Required Multicurrency Lenders and “Required USD Lenders” or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent of each Lender; or (iii) release AGCO from any of its obligations under a Loan Document or release all of substantially all of the Guarantors from their obligations under the Loan Documents; (d) no amendment, waiver or consent shall, unless in writing and signed by the Swing Line Bank in addition to the Lenders required above to take such action, affect the rights or obligations of the Swing Line Bank in such capacity under this Agreement; (e) no amendment, waiver or consent shall, unless in writing and signed by such Issuing Bank in addition to the Lenders required above to take such action, affect the rights or obligations of an Issuing Bank under this Agreement;

Related to Required Multicurrency Lenders

  • Multicurrency Lender means the Persons listed on Schedule 1.01(b) as having Multicurrency Commitments and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption that provides for it to assume a Multicurrency Commitment or to acquire Revolving Multicurrency Credit Exposure, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Revolving Multicurrency Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Multicurrency Commitments.

  • Revolving Credit Percentage as to any Revolving Credit Lender at any time, the percentage which such Lender's Revolving Credit Commitment then constitutes of the Total Revolving Credit Commitments (or, at any time after the Revolving Credit Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender's Revolving Credit Loans then outstanding constitutes of the aggregate principal amount of the Revolving Credit Loans then outstanding).

  • Revolving Dollar Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Dollar Commitments.

  • 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.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Revolving Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Revolving Loans and its LC Exposure and Swingline Exposure at such time.