Required Senior Creditors definition

Required Senior Creditors means (i) the Required Lenders (or, to the extent required by Section 13.12 of the Credit Agreement, each of the Lenders) at all times prior to the Credit Document Obligations Termination Date, and (ii) the holders of at least a majority of the outstanding Senior Indebtedness at all times after the Credit Document Obligations Termination Date and prior to the repayment in full, in cash, of all outstanding Obligations with respect to Senior Indebtedness.

Required Senior Creditors means the Required Lenders.

Required Senior Creditors means the Required Lenders (or, to the extent required by Section 9.1 of the Second Lien Credit Agreement, each of the Lenders).

Examples of Required Senior Creditors in a sentence

• Unless and until the Discharge of Senior Obligations has occurred, the Senior Agent (acting at the direction of the Required Senior Creditors) shall have the sole and exclusive right, subject to the rights of the Grantors under the Senior Credit Documents, to adjust settlement for any insurance policy covering the Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding (or any deed in lieu of condemnation) affecting the Collateral.

• Each of the Intercreditor Agent and the Intercreditor Collateral Agent accepts its appointment as Intercreditor Agent and Intercreditor Collateral Agent, respectively, hereunder and, subject to clause (b) below, agrees to act in accordance with the terms hereof and the directions from time to time given to it by the Required Senior Creditors or, in the circumstances contemplated in Section 3(b), the Required Noteholders, as contemplated hereby.

• The only right and remedy of the Senior Creditors which are not Required Senior Creditors in respect of any disposal of Shared Collateral is to the receipt of proceeds as, if, and when received upon the sale or other final disposition of Shared Collateral as provided in Section 5.

• The Designated Senior Representative shall have no duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers that it is requested to exercise in writing by the Required Senior Creditors.

• So long as the Discharge of Senior Obligations has not occurred, the Designated Senior Representative shall not be obligated to take instructions from any Persons other than the Required Senior Creditors.

More Definitions of Required Senior Creditors

Required Senior Creditors means Senior Secured Parties holding or otherwise representing 331/3% of the Combined Exposure.

Required Senior Creditors means (i) prior to the First-Lien Loan Obligations Termination Date, the Required First-Lien Lenders and (ii) thereafter, the Required Second-Lien Lenders.

Required Senior Creditors means (i) the Required Lenders (or, to the extent required by Section 9.08 of the Credit Agreement, each of the Lenders) at all times prior to the Credit Document Obligations Termination Date, and (ii) the holders of at least a majority of the outstanding Senior Indebtedness at all times from and after the Credit Document Obligations Termination Date.

Required Senior Creditors means, at any time, those Senior Secured Parties whose aggregate First Lien Obligations Amount at such time represent more than 50% of the aggregate First Lien Obligations Amount of all Senior Secured Parties at such time.

Required Senior Creditors means the holders of greater than 50% of the outstanding principal amount of Senior Obligations, voting as a single class.

Required Senior Creditors means "Required Lenders" under, and as defined in, the Senior Credit Agreement.

Required Senior Creditors appearing in Section 7 of the Subordination Agreement is hereby amended by (i) redesignating clauses (v), (w), (x), (y) and (z) appearing in the proviso of said definition as clauses (t), (u), (v), (w) and (x), respectively, (ii) deleting the word “and” appearing immediately before clause (x) of said definition (as redesignated pursuant to preceding clause (i)) and (iii) inserting the text “, (y) all outstanding 2003 Senior Secured Note Obligations (as defined below) and (z) all 2003 Senior Secured Note Refinancing Obligations (as defined below)” immediately before the period at the end of said definition.