Required Revolving Loan Lenders definition

Required Revolving Loan Lenders means Revolving Loan Lenders whose Pro Rata Shares (calculated in accordance with clause (a) of the definition thereof) aggregate at least 51%.

Required Revolving Loan Lenders or any similar terms shall, unless the context clearly otherwise indicates, include each Agent in its individual capacity as a Lender or one of the Required Lenders, one of the Required Term Loan Lenders or one of the Required Revolving Loan Lenders. Each Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of banking, trust or other business with any Borrower as if it were not acting as an Agent pursuant hereto without any duty to account to the other Lenders.

Required Revolving Loan Lenders means Revolving Loan Lenders (excluding all Revolving Loan Lenders whose failure to fund their respective Pro Rata Shares of a Revolving Loan has not been so cured) whose Pro Rata Shares represent at least fifty-one percent (51%) of the aggregate Pro Rata Shares of such Lenders.

Examples of Required Revolving Loan Lenders in a sentence

• The terms "Lenders", "Required Lenders", "Required Term Loan Lenders", "Required Revolving Loan Lenders" or any similar terms shall, unless the context clearly otherwise indicates, include each Agent in its individual capacity as a Lender or one of the Required Lenders, one of the Required Term Loan Lenders or one of the Required Revolving Loan Lenders.

• If any Agent seeks the consent or approval of the Required Lenders, the Required Term Loan Lenders or the Required Revolving Loan Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents) to the taking or refraining from taking any action hereunder, such Agent shall send notice thereof to each Lender.

• Each Agent shall promptly notify each Lender any time that the Required Lenders, the Required Term Loan Lenders or the Required Revolving Loan Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents) have instructed such Agent to act or refrain from acting pursuant hereto.

• Upon receipt of any such instructions from the Required Lenders (or the Required Revolving Loan Lenders or all of the Lenders, in each case in the event that and to the extent that this Agreement expressly requires such), the Administrative Agent shall be permitted to act on behalf of the full principal amount of the Obligations.

• Without limiting the foregoing, no Lender shall have any right of action whatsoever against any Agent as a result of such Agent acting or refraining from acting under this Agreement or any of the other Loan Documents in accordance with the instructions of the Required Lenders, the Required Term Loan Lenders or the Required Revolving Loan Lenders, as applicable (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents).

More Definitions of Required Revolving Loan Lenders

Required Revolving Loan Lenders means Revolving Loan Lenders whose Pro Rata Shares, in the aggregate, are greater than fifty percent (50%); provided, however, that if (x) the Revolving Loan Commitments have not been terminated pursuant to the terms of this Agreement and (y) any Revolving Loan Lender shall have failed to fund its Pro Rata Share of any Revolving Loan such Lender is obligated to fund under the terms of this Agreement and such failure has not been cured, then, for so long as such failure continues, “Required Revolving Loan Lenders” means Revolving Loan Lenders (excluding all Revolving Loan Lenders whose failure to fund their respective Pro Rata Shares of a Revolving Loan has not been so cured) whose Pro Rata Shares represent at least fifty-one percent (51%) of the aggregate Pro Rata Shares of such Lenders.

Required Revolving Loan Lenders means, at any time, Revolving Loan Lenders holding more than 50% of the aggregate outstanding Revolving Commitments at such time or if the Revolving Loan Lenders have no Revolving Commitments outstanding, then Revolving Loan Lenders holding more than 50% of the Revolving Credit Exposure.

Required Revolving Loan Lenders means, at any time, (a) Revolving Loan Lenders then holding more than fifty percent (50%) of the sum of the Total Revolving Credit Commitments then in effect, or (b) if the Total Revolving Credit Commitments have terminated, Revolving Loan Lenders then holding more than fifty percent (50%) of the sum of the aggregate outstanding amount of Revolving Loans and outstanding Letter of Credit Obligations. Such portion of the Total Revolving Credit Commitment (or Revolving Loans, as applicable) and the sum of the aggregate unpaid principal amount of the Revolving Loans then outstanding, as applicable, held or deemed held by a Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Loan Lenders at any time.

Required Revolving Loan Lenders means Lenders having Revolving Credit Exposure and unused Revolving Commitments representing more than 50% of the sum of the total Revolving Credit Exposure and unused Revolving Commitments; provided that Revolving Credit Exposure and the unused Revolving Commitments held by any Defaulting Lender shall be deemed not to be outstanding for purposes of calculating the Required Revolving Loan Lenders.

Required Revolving Loan Lenders means, at any time, those Revolving Loan Lenders whose Pro Rata Shares of the Revolving Loans aggregate sixty-six and two-thirds (66 2/3%) percent or more of the aggregate of the Commitments of all Revolving Loan Lenders, or if the Revolving Loan Commitments shall have been terminated, Revolving Lenders to whom at least sixty-six and two-thirds (66 2/3%) percent of the then outstanding Obligations arising pursuant to the Revolving Loans are owing.

Required Revolving Loan Lenders. Required Term A/B Lenders", "Required Lenders" or any similar terms shall, unless the context clearly otherwise indicates, include each Agent in its individual capacity as a Lender or one of the Required Revolving Loan Lenders, the Required Term A/B Lenders or the Required Lenders. Each Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of banking, trust or other business with any Borrower as if it were not acting as an Agent pursuant hereto without any duty to account to the other Lenders.

Required Revolving Loan Lenders means, as of any date of determination, Lenders having more than 50.0% of (a) the Revolving Loan Commitments or (b) after the termination of the Revolving Loan Commitments, the RL Percentage; provided that the Revolving Loan Commitment and the RL Percentage of any Defaulting Lender shall be excluded for the purposes of making a determination of Required Revolving Loan Lenders.