Required Term Loan B Lenders definition

Required Term Loan B Lenders means, as of any date of determination, Term Loan B Lenders having more than 50% of the Outstanding Amount of the Term Loan B; provided that the Outstanding Amount of the Term Loan B held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term Loan B Lenders.

Required Term Loan B Lenders at any time, the holders of more than 50% of the Available Term Loan B Commitments plus the aggregate unpaid principal amount of the Term Loan B Loans then outstanding.

Required Term Loan B Lenders shall be based on the Outstanding Amount of the Term Loan B.

Examples of Required Term Loan B Lenders in a sentence

• The provisions contained in this Section 10 are for the sole and exclusive benefit of the Term Loan B Lenders and shall not inure to the benefit of the Revolving Lenders (or their successors or permitted assigns) and such provisions may only be amended, modified, supplemented or waived by the Required Term Loan B Lenders and without notice to, or the consent of, the Revolving Lenders (or their successors or permitted assigns).

• The covenants contained in this Section 9 are for the sole and exclusive benefit of the Term Loan B Lenders and shall not inure to the benefit of the Revolving Lenders (or their successors or permitted assigns) and such covenants may only be amended, modified, supplemented or waived by the Required Term Loan B Lenders and without notice to, or the consent of, the Revolving Lenders (or their successors or permitted assigns).

• The conditions precedent contained in this Section 5.4 are for the sole and exclusive benefit of the Term Loan B Lenders and shall not inure to the benefit of the Revolving Lenders (or their successors or permitted assigns) and such conditions precedent may only be amended, modified, supplemented or waived by the Required Term Loan B Lenders and without notice to, or the consent of, the Revolving Lenders (or their successors or permitted assigns).

• The Agent may, and it shall at the request of the Required Term Loan A Lenders and after the Term Loan A has been paid in full at the request of the Required Term Loan B Lenders, terminate this Agreement immediately at any time during the continuance of an Event of Default under Section 9.1.

• Notwithstanding the foregoing, for purposes of determining "Majority Revolving Lenders," "Required Revolving Lenders" or "Required Term Loan B Lenders," Voting Percentages of the Lenders shall be determined without regard to commitments or outstandings in respect of the Term Loan B Facility or the Revolving Credit Facility, as applicable.

More Definitions of Required Term Loan B Lenders

Required Term Loan B Lenders means, at any time, Lenders whose Pro Rata Shares aggregate at least 50.1% of the Term Loan B Amount.

Required Term Loan B Lenders means, as of any date of determination, Term Loan B Lenders whose Voting Percentages (determined solely with respect to Term Loan B Outstandings) aggregate at least 66-2/3% (or such other percentage as shall be specified in the Supplemental Credit Documents) of the Voting Percentages (similarly determined) of all Term Loan B Lenders.

Required Term Loan B Lenders means Lenders holding not less than 51% of the Aggregate Term Loan B Exposure.

Required Term Loan B Lenders means, at any time, the Lenders whose aggregate Term Loan B Commitments and pro rata shares of Term Loan B total more than fifty percent (50%) of the Term Loan B Commitment and the outstanding principal of Term Loan B. Requirements of Law shall mean, as to any Person, the certificate of incorporation or by-laws or other organizational or governing documents of such Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. Revolving Credit Commitment shall have the meaning set forth in the definition of "Commitment" herein.

Required Term Loan B Lenders means Term Loan B Lenders holding not less than 51% of the Term Loan B Commitments (or 51% of the Aggregate Term Loan B Outstandings if the Term Loan B Commitments have been terminated.)

Required Term Loan B Lenders as at any date, shall mean (i) if there shall be three (3) or fewer Term Loan B Lenders, at least two (2) of all Term Loan B Lenders on such date, and (ii) if there shall be more than three (3) Term Loan B Lenders, the Term Loan B Lenders on such date having Credit Exposures with respect to the Term Loan B Credit Facility greater than 50% of the aggregate Credit Exposures with respect to the Term Loan B Credit Facility of all the Term Loan B Lenders on such date.

Required Term Loan B Lenders as at any date, shall mean the Term Loan B Lenders on such date having Credit Exposures with respect to the Term Loan B Credit Facility greater than 50% of the aggregate Credit Exposures with respect to the Term Loan B Credit Facility of all the Term Loan B Lenders on such date.