Required Tranche A Revolving Lenders definition

Required Tranche A Revolving 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 Revolving Lenders” shall exclude Tranche A Revolving Commitments or Tranche A Revolving Loans held by Defaulting Lenders.
Sample 1Sample 2
Required Tranche A Revolving Lenders means Lenders having more than 50% of all Tranche A Revolving Commitments or, after the Tranche A Revolving Commitments have terminated, more than 50% of all Tranche A Revolving Exposure; provided, that the Tranche A Revolving Commitments or Tranche A Revolving Exposure, as applicable, of any Defaulting Lender shall be disregarded in the determination of the Required Tranche A Revolving Lenders at any time.
Sample 1Sample 2
Required Tranche A Revolving Lenders means, as of any date of determination, Tranche A Revolving Credit Lenders having more than 50% of the sum of the (a) Outstanding Amount of all Tranche A Revolving Credit Loans and all Tranche A L/C Obligations (with the aggregate amount of each Lender’s risk participation and funded participation in Tranche A L/C Obligations being deemed “held” by such Lender for purposes of this definition) and (b) aggregate unused Tranche A Revolving Credit Commitments; provided that unused Tranche A Revolving Credit Commitment of, and the portion of the 37 US_ACTIVE:\44299297\214\35899.0483 Outstanding Amount of all Tranche A Revolving Credit Loans and all Tranche A L/C Obligations held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Tranche A Revolving Lenders.
Sample 1

Examples of Required Tranche A Revolving Lenders in a sentence

  • Unless consented to by the Required Tranche A Revolving Lenders and Required SISO Term Lenders, during a Liquidity Event Period, the Borrower shall not permit the Financial Covenant Fixed Charge Coverage Ratio to be less than 1.00 to 1.00 as of the last day of the most recently ended Test Period (commencing with the Test Period ended on or immediately prior to the commencement of such Liquidity Event Period).

  • Without limiting the generality of the foregoing, no Lender or the holder of any Note shall have any right of action whatsoever against the Administrative Agent or either Collateral Agent as a result of acting or refraining from acting hereunder or under any other Transaction Document in accordance with the instructions of the Required Tranche A Lenders, Required Tranche A Revolving Lenders, Required Tranche B Lenders and/or Supermajority Lenders, as the case may be.


More Definitions of Required Tranche A Revolving Lenders

Required Tranche A Revolving Lenders means, at any time, Lenders holding more than 66 2/3% of the then aggregate amount of the Tranche A Revolving Commitments.
Sample 1
Required Tranche A Revolving Lenders without the consent of each Tranche A Revolving Credit Lender directly affected thereby, the definition of “Required Tranche B Revolving Lenders” without the consent of each Tranche B Revolving Credit Lender directly affected thereby or the definition of “Required Term Lenders” without the consent of each Term Lender directly affected thereby;
Sample 1

Related to Required Tranche A Revolving Lenders

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Canadian Revolving Commitment means, as to each Canadian Revolving Lender, its obligation to make Canadian Revolving Loans to the Canadian Borrower pursuant to Section 2.01, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Canadian Revolving Lender’s name on Schedule 2.01, in the Assignment and Assumption or other agreement pursuant to which such Canadian Revolving Lender becomes a party hereto, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Available Revolving Credit Commitment with respect to any Revolving Credit Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Credit Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding.

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • New Revolving Lender as defined in Section 2.24.

  • Specified Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Aggregate Revolving Credit Commitment means the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at any given time. The Aggregate Revolving Credit Commitment on the Closing Date is $1,250,000,000.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • U.S. Revolving Credit Commitment shall have the meaning assigned to such term in Section 2.1(c).

  • Incremental Revolving Lender means a Lender with an Incremental Revolving Commitment.

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • New Revolving Credit Commitments shall have the meaning provided in Section 2.14(a).

  • Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Aggregate Revolving Credit Commitments means, at any time, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at such time.