Required Release Lenders definition

Required Release Lenders at any time (i) Required Basic Lenders and (ii) Tranche B Term Loan Lenders the Tranche B Term Loan Percentages of which aggregate more than 50%.
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Required Release Lenders. Lenders the Term Credit Percentages of which aggregate to greater than 80.0%; provided that the Commitments or Loans held or deemed held by a Disqualified Party shall be excluded for purposes of making a determination of Required Release Lenders.
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Required Release Lenders at any time, (i) Revolving Credit Lenders, Multi-Draw
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Examples of Required Release Lenders in a sentence

  • The Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the Notes and the other Loan Documents in accordance with a request of the Required Lenders (or when expressly required hereby, all the Lenders or the Required Release Lenders, as the case may be), 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 Notes.

  • Without the prior written consent of the Required Release Lenders, convey, sell, lease, assign, transfer or otherwise dispose of any of the Collateral other than in the ordinary course of business.


More Definitions of Required Release Lenders

Required Release Lenders at any time, Lenders the Commitment Percentages of which aggregate at least 100%.
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Required Release Lenders at any date, the holders of 66-2/3% of the aggregate Revolving Credit Commitments, or, if the Revolving Credit Commitments have been terminated, the aggregate unpaid principal amount of the Revolving Credit Loans.
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Required Release Lenders or "Required Supermajority Release Lenders", or consent to the assignment or transfer by the Borrower of any of its rights and obligations under this Agreement and the other Loan Documents, in each case without the written consent of all the Lenders, (iii) release in the aggregate a material portion of the Collateral taken as a whole (or release Guarantees of Subsidiary Guarantors which collectively own a material portion of the Collateral taken as a whole) without the consent of the Required Release Lenders, (iv) release in the aggregate all or substantially all of the Collateral taken as a whole (or release Guarantees of Subsidiary Guarantors which collectively own all or substantially all of the Collateral taken as a whole) without the consent of the Required Supermajority Release Lenders or (v) amend, modify or waive any provision of Section 10 without the written consent of the then Administrative Agent (if affected thereby) and each Other Representative (if any) affected thereby. The Swing Line Note, the Letters of Credit and the Applications relating thereto may not be amended, supplemented or modified without the written consent of the Swing Line Lender or the Issuing Lender, as applicable (and, in the case of the Swing Line Note, each Lender, if any, which holds a participation therein pursuant to Section 2.5(d) and, in the case of Letters of Credit, each affected L/C Participant). Any waiver and any amendment, supplement or modification pursuant to this Section 11.1 shall apply to each of the Lenders and shall be binding upon the Borrower, the other Loan Parties, the Lenders, the Administrative Agent, each Other Representative and all future holders of the Notes. In the case of any waiver, the Borrower, the other Loan Parties, the Lenders, the Administrative Agent and each Other Representative shall be restored to their former position and rights hereunder and under the outstanding Notes and any other Loan Documents, and any Default or Event of Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon.
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Required Release Lenders. Lenders the Total Credit Percentages of which aggregate to greater than 80.0%; provided that the Revolving Commitments (or, if the Revolving Commitments have terminated or expired, the Revolving Loans, Ancillary Outstandings and interests in L/C Obligations), Term Loans, Acquisition / Capex Loans and unused Acquisition / Capex Commitments held or deemed held by Defaulting Lenders shall be excluded for purposes of making a determination of Required Lenders; provided further, that the Commitments or Loans held or deemed held by a Disqualified Party shall be excluded for purposes of making a determination of Required Lenders. For the avoidance of doubt, for purposes of the determination of Required Release Lenders, the amount of an Ancillary Lender’s Revolving Commitments shall not be reduced by the amount of its Ancillary Commitment.
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Related to Required Release 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 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 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 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 Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • 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 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.

  • Collateral Release Period means each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Continuing Lenders as defined in the recitals hereto.

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

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

  • Collateral Release Date shall have the meaning provided in Section 10.15(d).

  • 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.

  • New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Consenting Lenders has the meaning specified in Section 2.13(b).

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • 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.

  • Majority Revolving Credit Lenders means Revolving Credit --------------------------------- Lenders having at least 51% of the aggregate amount of the Revolving Credit Commitments or, if the Revolving Credit Commitments shall have terminated, Lenders holding at least 51% of the sum of (a) the aggregate unpaid principal amount of the Revolving Credit Loans plus (b) the aggregate amount of all Letter of Credit Liabilities.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Extending Lenders has the meaning specified in Section 2.08.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Specified Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Non-Consenting Lenders has the meaning specified in Section 3.07(d).

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.