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, 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.

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.

Examples of Required Tranche A Lenders in a sentence

• The Required Tranche A Lenders may at any time revoke the Administrative Agent’s authorization to make future Overadvances (provided that existing Overadvances shall not be subject to such revocation and any such revocation must be in writing and shall become effective prospectively upon the Administrative Agent’s receipt thereof).

• 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.

• Subject to (a) the limitations set out in this Waiver Agreement, (b) the occurrence of the Effective Date and (c) the receipt by the Administrative Agent of counterparts of this Waiver Agreement duly executed by the Required Tranche A Lenders, the Administrative Agent hereby waives for the Waiver Period the requirement set out in Section 2.2 of the Tranche A Loan Agreement that borrowings of Tranche A Loans be in an amount of at least $1,000,000.

• Any changes in, or renewals of, the Borrowing Base (other than increases in the Borrowing Base) must be consented to in writing by the Required Tranche A Lenders.

• The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders or, if provided herein, with the consent or at the request of the Required Revolving Credit Lenders, the Required Tranche A Lenders, Required Tranche B Lenders or the Required Incremental Loan Lenders, or in the absence of its own gross negligence or willful misconduct.

More Definitions of Required Tranche A Lenders

Required Tranche A Lenders means at any time, Lenders who are holding at least sixty-six and two-thirds percent (662/3%) (a) of the outstanding principal amount of all Tranche A Loans and (b) of the unfunded amount of all Tranche A Allocations.

Required Tranche A Lenders means Tranche A Lenders having more than 50% of the sum of all Tranche A Loans outstanding and unused Tranche A Commitments.

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 at any time, Tranche A Lenders the Tranche A Commitment Percentages of which aggregate in excess of 50%.

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).

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 Xxxxx and Bank of America aggregate fifty-one (51%) percent or more of the aggregate of the Tranche A 6991691.13 52 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. Required Tranche B Lenders", or "Required Supermajority Lenders" or any other provision of any Loan Document specifying the number or percentage of Lenders required to waive, amend or modify any rights thereunder or make any determination or grant any consent thereunder, without the written consent of each Lender, (vi) release any member of the Holdings Group or any Subsidiary Loan Party from its Guarantee under the applicable Guarantee Agreement (except as expressly provided in such Guarantee Agreement), or limit its liability in respect of such Guarantee, without the written consent of each Lender, (vii) except for sales described in Section 6.05, release any portion of the Collateral in excess of $20,000,000 in the aggregate from the Liens of the Security Documents, without the written consent of each Lender, (viii) except as provided in Section 9.02(c), change the definition of the term "Borrowing Base" or any component thereof, without the written consent of each Lender, (ix) increase the Permitted Overadvance, without the written consent of each Lender, (x) subordinate the Obligations hereunder, or the Liens granted hereunder or under the other Loan Documents, to any other Indebtedness or Lien, as the case may be without the prior written consent of each Lender, or (xi) change the methodology of calculating, or the categories of, initial Reserves established pursuant to Section 2.02(a) hereof, without the written consent of each Lender, and provided further that no such agreement shall amend, modify or otherwise affect the rights or duties of the Agents or the Issuing Bank without the prior written consent of the Agents or the Issuing Bank, as the case may be.