Required Pro Rata Facility Lenders definition

Required Pro Rata Facility Lenders means, as of any date of determination, Lenders holding more than 50% of the sum of the (a) Total Outstandings in respect of the Term A Loans and Revolving Credit Facility (with the aggregate Outstanding Amount of each Lender’s Revolving Credit Exposure being deemed “held” by such Lender for purposes of this definition), (b) aggregate unused Term Commitments and (c) aggregate unused Revolving Credit Commitments; provided that the unused Term Commitment and unused Revolving Credit Commitment of, and the portion of the Total Outstandings held or deemed held by any Defaulting Lender shall be excluded for all purposes of making a determination of Required Pro Rata Facility Lenders.
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Required Pro Rata Facility Lenders at any time, with respect to the Term Loan A Facility and the Revolving Credit Facility taken together, Lenders holding greater than 50% of (x) the then aggregate unpaid principal amount of the Loans held by all Lenders under such Facilities and (y) the aggregate undrawn Commitments of all Lenders under such Facilities (provided that, for purposes hereof, no Defaulting Lender shall be included in (a) the Lenders holding such amount of the Loans or having such amount of Commitments or (b) determining the aggregate unpaid principal amount of the Loans outstanding under such Facilities or the aggregate unfunded Commitments under such Facilities.
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Required Pro Rata Facility Lenders or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or grant any consent hereunder; or
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Examples of Required Pro Rata Facility Lenders in a sentence

  • The applicable Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Loan Documents in accordance with a request of the Required Lenders (or, in the case of the Sustainability Coordinator, the Required Pro Rata Facility Lenders) (or, if so specified by this Agreement, all affected Lenders), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans.

  • By purchasing the Assigned Interest, the Assignee agrees that, for purposes of that certain Second Amendment to Credit Agreement dated as of March 19, 2020 (the “Second Amendment”), by and among the Borrowers, the Subsidiary Guarantors, the Term Loan A Lenders and the Revolving Credit Lenders party thereto (consisting of at least the Required Pro Rata Facility Lenders), the Replacement Lender and the Pro Rata Agent, it shall be deemed to have consented and agreed to the Second Amendment.

  • Except with the written consent of the Required Pro Rata Facility Lenders, for any Test Period (commencing with the Test Period ending on or about December 31, 2021), the Borrower will not permit the First Lien Leverage Ratio of the Borrower and its Restricted Subsidiaries on a consolidated basis as of the last day of such Test Period to exceed 5.00:1.00.

  • By purchasing the Assigned Interest, the Assignee agrees that, for purposes of that certain Fourth Amendment to Credit Agreement dated as of July 30, 2021 (the “Fourth Amendment”), by and among the Borrowers, the Subsidiary Guarantors, the Term Loan A Lenders and the Revolving Credit Lenders party thereto (consisting of at least the Required Pro Rata Facility Lenders) and the Pro Rata Agent, it shall be deemed to have consented and agreed to the Fourth Amendment.

  • Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the applicable Administrative Agent has posted 105 such proposed amendment to all affected Lenders and the Borrowers so long as the applicable Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Pro Rata Facility Lenders.


More Definitions of Required Pro Rata Facility Lenders

Required Pro Rata Facility Lenders at any time, with respect to the Term Loan A Facility and the Revolving Credit Facility taken together, Lenders holding greater than 50% of (x) the then |US-DOCS\138541167.4141447058.7|| aggregate unpaid principal amount of the Loans held by all Lenders under such Facilities and (y) the aggregate undrawn Commitments of all Lenders under such Facilities (provided that, for purposes hereof, no Defaulting Lender shall be included in (a) the Lenders holding such amount of the Loans or having such amount of Commitments or (b) determining the aggregate unpaid principal amount of the Loans outstanding under such Facilities or the aggregate unfunded Commitments under such Facilities).
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Related to Required Pro Rata Facility Lenders

  • Required Facility Lenders means, with respect to any Facilities on any date of determination, Lenders having or holding more than 50% of the sum of (a) the aggregate principal amount of outstanding Loans under such Facilities and (b) the aggregate unused Commitments under such Facilities; provided that the portion of outstanding Loans and the unused Commitments of such Facilities, as applicable, held or deemed held by a Defaulting Lender shall be excluded for purposes of making a determination of Required Facility Lenders.

  • 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).

  • Revolving Credit Lenders means the financial institutions from time to time parties hereto as lenders of the Revolving Credit.