Required Second Lien Lenders definition

Required Second Lien Lenders means, at any time, lenders under the Second Lien Agreement having Second Lien Loans representing more than 50% of the sum of all Second Lien Loans at such time.

Required Second Lien Lenders means the Consenting Second Lien Lenders who hold, in the aggregate, at least 66.67% in principal amount outstanding of all Second Lien Claims held by the Consenting Second Lien Lenders (excluding, for the avoidance of doubt, all of the Second Lien Claims held by the Consenting First Lien Lenders and the Sponsor Entities).

Required Second Lien Lenders means “Required Lenders” under and as defined in the Second Lien Credit Agreement as in effect on the date hereof.

Examples of Required Second Lien Lenders in a sentence

• Restructuring Transactions The Confirmation Order will be deemed to authorize, among other things, all actions as may be necessary or appropriate, consistent with the Restructuring Support Agreement, to effect any transaction described in, approved by, contemplated by, or necessary to effectuate the Plan with the consent of the Required First Lien Lenders and, solely with respect to the treatment provided on account of the Second Lien Claims, the Required Second Lien Lenders.

• Definitive Documents The material documents implementing the Restructuring (collectively, the “Definitive Documents”) shall be consistent with this Term Sheet and the Restructuring Support Agreement and otherwise acceptable to the Company, the Required First Lien Lenders and, solely with respect to the economic treatment provided on account of the Second Lien Claims, reasonably acceptable to the Required Second Lien Lenders.

• Plan The Company shall commence the Chapter 11 Cases and shall confirm and consummate a chapter 11 plan of reorganization (the “Plan”), which will be consistent with this Term Sheet and the Restructuring Support Agreement and otherwise acceptable to the Company, the Required First Lien Lenders and, solely with respect to the economic treatment provided on account of the Second Lien Claims, the Required Second Lien Lenders.

• The Borrower will and will cause each Subsidiary to provide environmental audits and tests as are usual and customary to be obtained for Properties of similar use and purpose as reasonably requested by the Administrative Agent and the Required Second Lien Lenders (or as otherwise required to be obtained by the Administrative Agent or the Required Second Lien Lenders by any Governmental Authority) in connection with any future acquisitions of real Properties.

• Upon receipt of any such notice of resignation, the Required Second Lien Lenders shall have the right, in consultation with the Borrower, to appoint a successor, which shall be a bank with an office in the United States of America, or an Affiliate of any such bank with an office in the United States of America.

More Definitions of Required Second Lien Lenders

Required Second Lien Lenders means, at any time, Second Lien Lenders holding at least 51% of the sum of the aggregate unpaid principal amount owing under the Investor Notes outstanding.

Required Second Lien Lenders means (i) Second Lien Lenders holding, in the aggregate, outstanding Second Lien Indebtedness representing more than 50% of all outstanding Second Lien Indebtedness and (ii) the Second Lien Administrative Agent.

Required Second Lien Lenders means, at any time, Lenders having Second-Lien Term Loans and Second-Lien Term Loan Commitments representing more than 50% of the sum of all Second -Lien Term Loans and Second-Lien Term Loan Commitments at such time; provided that any Defaulting Lender shall be excluded for purposes of making a

Required Second Lien Lenders means, collectively, Second Lien Lenders having more than 50% of the aggregate outstanding amount of the Second Lien Commitments or, after the Closing Date, more than 50% of the principal amount of the Second Lien Loans then outstanding. A Defaulting Lender shall not be included in the calculation of “Required Second Lien Lenders”.

Required Second Lien Lenders means Lenders holding more than 50% of the aggregate principal amount of the outstanding Loans (without regard to any sale by a Lender of a participation in any Loan under Section 12.05(d)) at such time.

Required Second Lien Lenders means, at any time, Lenders having more than fifty percent (50%) of the aggregate outstanding amount of all Second Lien Term Loans.

Required Second Lien Lenders has the meaning set forth in the Original Credit Agreement.