Required Tranche 2 Lenders means, at any time, Tranche 2 Lenders having Total Tranche 2 Credit Exposures representing more than 50% of the Total Tranche 2 Credit Exposures of all Tranche 2 Lenders. The Total Tranche 2 Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Tranche 2 Lenders at any time.
Required Tranche 2 Lenders means, at any time, the Tranche 2 Lenders whose Tranche 2 Commitments (or, after the Tranche 2 Termination Date, Tranche 2 Letter of Credit Exposure) represent at least a majority of the aggregate, at such time, of the Tranche 2 Commitments (or, after the Tranche 2 Termination Date, the aggregate Tranche 2 Letter of Credit Exposure); provided that the Tranche 2 Commitment of, and the Tranche 2 Letter of Credit Exposure held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Tranche 2 Lenders.
Required Tranche 2 Lenders means, at any time, the Tranche 2 Lenders whose Tranche 2 Commitments (or, after the Tranche 2 Termination Date, Tranche 2 Letter of Credit Exposure) represent at least a majority of the aggregate, at such time, of the Tranche 2 Commitments (or, after the Tranche 2 Termination Date, the aggregate Tranche 2 Letter of Credit Exposure), provided that the Commitment of, and the portion of the outstanding Tranche 2 Letter of Credit Exposure held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Tranche 2 Lenders.
Examples of Required Tranche 2 Lenders in a sentence
The Administrative Agent shall act hereunder at the direction, or with the consent, of the Required Tranche 2 Lenders on the terms and conditions set forth in the Credit Agreement.
The Administrative Agent shall act hereunder at the direction, or with the consent, of the Required Tranche 2 Lenders (and, if any Tranche 1 Letters of Credit are outstanding as Secured Letters of Credit at such time, the Required Tranche 1 Lenders) on the terms and conditions set forth in the Credit Agreement.
The Designated Agent shall have received one or more counterparts of this Amendment duly executed by (i) each Loan Party, (ii) the Lenders constituting no less than the Required Lenders, Required Tranche 1 Lenders and Required Tranche 2 Lenders and (iii) each Second Amendment Additional Lender.
If the Canadian Facility Agent resigns under this Agreement, the Required Tranche 2 Lenders shall appoint from among the Lenders a successor administrative agent for the Tranche 2 Lenders.
More Definitions of Required Tranche 2 Lenders
Required Tranche 2 Lenders and Section 11.01. (ii)
Required Tranche 2 Lenders means (a) from the Effective Date until the Closing Date, Lenders having unused Tranche 2 Commitments representing more than 50% of the sum of the aggregate unused Tranche 2 Commitments at such time (excluding for purposes of any such calculation the unused Tranche 2 Commitments of Defaulting Lenders) and (b) from the Closing Date and thereafter, Lenders holding more than 50% of the unused Tranche 2 Commitments and aggregate outstanding principal amount of Tranche 2 Advances at such time (excluding for purposes of any such calculation the unused Tranche 2 Commitments and outstanding Tranche 2 Advances of Defaulting Lenders).
Required Tranche 2 Lenders means, as of any date of determination, Tranche 2 Lenders having more than 50% of the Aggregate Tranche 2 Commitments or, if the commitment of each Tranche 2 Lender to make Tranche 2 Loans and accept or discount Bankers’ Acceptances and the commitment of the Canadian Swing Line Lender to make Canadian Swing Line Loans have been terminated pursuant to Section 8.02, Tranche 2 Lenders holding in the aggregate more than 50% of the Total Tranche 2 Outstandings (with the aggregate amount of each Tranche 2 Lender’s risk participation and funded participation in Canadian Swing Line Loans being deemed “held” by such Tranche 2 Lender for purposes of this definition); provided that the Tranche 2 Commitment of, and the portion of the Total Tranche 2 Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Tranche 2 Lenders.
Required Tranche 2 Lenders means, at any time, the Tranche 2 Lenders whose Tranche 2 Commitments (or, after the Tranche 2 Termination Date, Tranche 2 Letter of Credit Exposure) represent at least a majority of the aggregate, at such time, of the Tranche 2 Commitments (or, after the Tranche 2 Termination Date, the aggregate Tranche 2 Letter of Credit Exposure).
Required Tranche 2 Lenders means, at any time, Tranche 2 Lenders having Total Tranche 2 Credit Exposures representing more than 50% of the Total Tranche 2 Credit Exposures of all Tranche 2 Lenders. The Total Tranche 2 Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Tranche 2 Lenders at any time. “Rescindable Amount” has the meaning specified in Section 2.12(b)(ii). “Resignation Effective Date” has the meaning specified in Section 9.06(a). “Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority. “Responsible Officer” means (a) the chief executive officer, president, chief financial officer, senior executive vice president, executive vice president, senior vice president, vice president – treasury, treasurer, assistant treasurer or controller of a Loan Party, (b) solely for purposes of the delivery of incumbency certificates (or other certificates of Foreign Obligors evidencing the identity, authority and capacity of each Responsible Officer) pursuant to Section 4.01, the secretary or any assistant secretary of a Loan Party (or, for a Loan Party organized in any non-US jurisdiction, any equivalent of the foregoing, including any director thereof), and with respect to each Foreign Obligor organized in a foreign jurisdiction in which directors are generally authorized under applicable Law to execute agreements, a director thereof, and (c) solely for purposes of notices given pursuant to Article II, any other officer or employee of the applicable Loan Party so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer or employee of the applicable Loan Party designated in or pursuant to an agreement between the applicable Loan Party and the Administrative Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. “Restricted Payment” means, for any Person, any dividend or other distribution (whether in cash, securities or other property) with respect to any capital stock or other Equity Interest of such Person, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, ...
Required Tranche 2 Lenders. (it being understood that no consent of any other Lender or the Administrative Agent is required);
Required Tranche 2 Lenders means (a) from the Effective Date until the Closing Date, Lenders having unused Tranche 2 Commitments representing more than 50% of the sum of the aggregate unused Tranche 2 Commitments at such time (excluding for purposes of any such calculation the unused Tranche 2 Commitments of Defaulting Lenders) and (b) from the Closing