Required Tranche A Lenders definition

Required Tranche A Lenders at any time, Tranche A Lenders the Tranche A Commitment Percentages of which aggregate at least 51%.

Required Tranche A Lenders means Tranche A Lenders having at such time in excess of 50% of the aggregate Tranche A Commitments then in effect or, after the Tranche A Commitments are terminated, the Tranche A Loans then outstanding.

Required Tranche A Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (a) the portion of the Adjusted Total Term Loan Commitment that relates to Tranche A Term Loan Commitments at such date and (b) the outstanding principal amount of the Tranche A-1 Term Loans and the Tranche A-2 Term Loans (excluding the Tranche A-1 Term Loans and Tranche A-2 Term Loans held by Defaulting Lenders) in the aggregate at such date.

Examples of Required Tranche A Lenders in a sentence

• Thereafter, the obligation of the Tranche A Lenders to make or maintain Tranche A Loans accruing interest at a rate based on the LIBO Rate shall be suspended until the Payment Agent (upon the instruction of the Required Tranche A Lenders) revokes such notice.

• To the extent that any such proposed modification, amendment, or supplement has a material adverse effect on the Debtors’ estates, such proposed modification, amendment, or supplement shall be subject to the consent of the Required Tranche A Lenders and Tranche B Required Consenting Parties (each as defined in the DIP Credit Agreement) and further order of the Court.

• To the extent that any such proposed modification, amendment, or supplement has a material adverse effect on the Debtors’ estates, such proposed modification, amendment, or supplement shall be subject to the consent of the Required Tranche A Lenders and Tranche B Required Consenting Parties (each as defined in the DIP Credit Agreement).

• This Amendment shall not become effective until the Administrative Agent shall have received from Holdings, Intermediate Holdings, the Borrowers, the Required Lenders and the Required Tranche A Lenders, a counterpart of this Amendment signed on behalf of such party.

• Counsel to each of the administrative agent under the DIP Facilities, the Required Tranche A Lenders, the Tranche B Required Consenting Parties and the other parties set forth in¶ 2(a)(i) of the Procedures Order (collectively, the “ Tier 1 Notice Parties”) received notice of the Proposed Transaction in accordance with the terms of ¶ 2(a)(i) of the Procedures Order.

More Definitions of Required Tranche A Lenders

Required Tranche A Lenders at any time, the holders of more than 50% of the Tranche A Revolving Commitments then in effect or, if the Tranche A Revolving Commitments have been terminated, the Tranche A Revolving Extensions of Credit then outstanding; provided, however, that determinations of the “Required Tranche A Lenders” shall exclude Tranche A Revolving Commitments or Tranche A Revolving Loans held by Defaulting Lenders.

Required Tranche A Lenders means, as of any date of determination, Tranche A Lenders holding more than 50% of the sum of the Outstanding Loan Balances of the Tranche A Loans, based on their Applicable Percentages and, solely for the purposes of this definition and its application herein, deeming each reference to “Aggregate Outstanding Loan Balance” in the definition of “Applicable Percentage” to be a reference to the “Outstanding Loan Balances of the Tranche A Loans”.

Required Tranche A Lenders means, at any time, Tranche A Lenders having (a) Tranche A Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures, and (d) the excess of Tranche A Revolving Facility Commitments over the Tranche A Revolving Facility Exposure, that taken together, represent more than 50.0% of the sum of (u) all Tranche A Revolving Facility Loans (other than Swingline Loans) outstanding, (v) Revolving L/C Exposures, (w) Swingline Exposures, and (x) the total excess of Tranche A Revolving Facility Commitment over the Tranche A Revolving Facility Exposure of all Tranche A Lenders at such time. The Tranche A Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures, Tranche A Revolving Facility Commitment and Tranche A Revolving Facility Exposure of any Defaulting Lender shall be disregarded in determining Required Tranche A Lenders at any time.

Required Tranche A Lenders means, at any time, those Tranche A Lenders whose Pro Rata Shares aggregate fifty-one (51%) percent or more of the aggregate of the Tranche A Commitments of all Tranche A Lenders, or if the Tranche A Commitments shall have been terminated, Tranche A Lenders to whom at least fifty-one (51%) percent of the then outstanding Obligations in respect of Tranche A Revolving Loans are owing; provided, that, (a) the Commitment of any Defaulting Lender shall be disregarded in the determination of the Required Tranche A Lenders, (b) at any time that there are two (2) or more Tranche A Lenders, “Required Tranche A Lenders” must include at least two (2) Tranche A Lenders (who are not Affiliates of one another), and (c) to the extent that the Pro Rata Shares of Wxxxx and Bank of America aggregate fifty-one (51%) percent or more of the aggregate of the Tranche A Commitments of all Tranche A Lenders, “Required Tranche A Lenders” must include at least three (3) Tranche A Lenders (who are not Affiliates of one another). For purposes of calculating Pro Rata Share, the Commitments of any Defaulting Lender in determining Required Tranche A Lenders at any time shall be deemed to be zero.

Required Tranche A Lenders means, at any time, the holders of 50% or more of the principal amount (including any accrued and unpaid interest with respect to which the Borrowers are required to “pay-in-kind” in accordance with Section 2.08(d)) of the Tranche A Term Loans then outstanding; provided, that any Lender to which an ESL Buy-Out Notice has been delivered shall be treated for purposes of determining the “Required Tranche A Lenders” as if it has been replaced by the applicable assignee as of the date such notice is delivered.

Required Tranche A Lenders means Tranche A Lenders in the aggregate having at least 66-2/3% of the Aggregate Tranche A Commitment or, if the Aggregate Tranche A Commitment has been terminated, Tranche A Lenders in the aggregate holding at least 66-2/3% of the Aggregate Outstanding Tranche A Credit Exposure.

Required Tranche A Lenders means, as of the date of determination, Tranche A Lenders holding at least 67% of the aggregate Tranche A Commitments, or if the Tranche A Commitments have been terminated or expired, Tranche A Lenders holding at least 67% of the outstanding principal amount of the Advances and Tranche A Letter of Credit Exposure (with the aggregate amount of each Lender’s risk participation and funded participation in Tranche A Letter of Credit Obligations being deemed to be “held” by such Lender for purposes of this definition).