Required Revolver Lenders definition

Required Revolver Lenders means Revolver Lenders holding more than (a) 50% of the Revolver Commitment, prior to the termination of the Revolver Commitment, or (b) 50% of the Revolver Principal Debt, after the termination of the Revolver Commitment (with the aggregate amount of each Revolver Lender’s risk participation and funded participation in L/Cs and Swing Line Loans being deemed “held” by such Revolver Lender for purposes of this definition); provided, that the Revolver Commitment of, and the portion of the Revolver Principal Debt held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolver Lenders.

Required Revolver Lenders means, at any time, Lenders holding in the aggregate more than 50% of (a) the Aggregate Revolving Commitments (and participations therein) or (b) if the Aggregate Revolving Commitments have been terminated, the Total Revolving Outstandings (and participations therein). The unfunded Revolving Commitments of, and the share of Total Revolving Outstandings allocable to, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolver Lenders.

Required Revolver Lenders means, at any time, the Lenders holding more than 50% of the aggregate amount of Revolver Commitments (and, if the Revolver Commitments have expired, Revolving Exposure outstanding) at any time; provided, however the Revolver Commitments (and Revolver Loans) of any Defaulting Lender shall be excluded from such calculation.

Examples of Required Revolver Lenders in a sentence

• No delay or omission by Administrative Agent, the L/C Issuers, Required Lenders, Required Revolver Lenders, Required Term Loan Lenders or Lenders in exercising any Right under the Loan Papers will impair that Right or be construed as a waiver thereof or any acquiescence therein, nor will any single or partial exercise of any Right preclude other or further exercise thereof or the exercise of any other Right under the Loan Papers or otherwise.

• No waiver by Administrative Agent, the L/C Issuers, Required Lenders, Required Revolver Lenders, Required Term Loan Lenders or Lenders of any Default shall be deemed to be a waiver of any other then-existing or subsequent Default.

• Notwithstanding anything to the contrary contained herein, upon the request of Required Revolver Lenders, while any Default exists, the fees set forth herein with respect to L/Cs shall accrue at the Default Rate.

• Unless otherwise directed by Required Revolver Lenders, the applicable L/C Issuer shall then deliver notice to the applicable Trustee prior to the fifth Business Day after any such Bond Purchase Drawing that the amount of such drawing will not be reinstated.

• If the Borrowers fail to provide any Cash Collateral as required hereunder, the Administrative Agent may (and, with respect to Standby Letters of Credit, shall upon direction of Required Revolver Lenders) advance, as Revolver Loans, the amount of the Cash Collateral required (whether or not the Revolver Commitments have terminated, an Overadvance exists or the conditions in Section 4.2 are satisfied).

More Definitions of Required Revolver Lenders

Required Revolver Lenders means, as of any date of determination, Lenders holding more than 50% of the sum of (a) the Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations being deemed “held” by such Revolving Credit Lender for purposes of this definition), and (b) the 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 Revolver Lenders.

Required Revolver Lenders means, as of any date of determination, Lenders holding more than 50% of the sum of the (a) the Total Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations being deemed “held” by such Revolving Credit Lender for purposes of this definition) less the Outstanding Amount of the Incremental Term Loans, if any, and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolver Lenders.

Required Revolver Lenders means those “Lenders” (as defined in the Revolver Credit Agreement) and any other Person required in the Revolver Credit Agreement, required to amend, supplement or modify a provision of a “Credit Document” (as defined in the Revolver Credit Agreement), pursuant to Section 13.1 of the Revolver Credit Agreement the same as, or similar to any provision of a Security Document to be amended pursuant to Section 7.01.

Required Revolver Lenders means, at any time, Lenders who hold at least 50.1% of the sum of the Revolver Commitment, or if the Revolver Commitment has been terminated or reduced to zero, the then extant Revolver Usage.

Required Revolver Lenders means Lenders whose Pro Rata Shares aggregate 51% of the Revolver Commitment and the Term Loan A Commitment.

Required Revolver Lenders means, at any time, Lenders whose aggregate Pro Rata Shares (calculated under clause (a) of the definition of Pro Rata Shares) equal or exceed 50.1%, provided, that at least two Lenders shall constitute “Required Revolver Lenders” at any time.

Required Revolver Lenders means, at any time, Revolver Lenders having Exposure in respect of Revolver Advances, Letter of Credit Exposure and unused Revolver Commitments representing greater than 50% of the sum of all Exposure in respect of Revolver Advances, Letter of Credit Exposure and unused Revolver Commitments at such time.