Required Tranche B Lenders definition

Required Tranche B Lenders means, at any time, Tranche B Lenders who hold at least 50.1% of the principal amount of the Tranche B Loan.

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

Required Tranche B Lenders means, as of any date of determination, Tranche B Lenders holding more than 50% of the Tranche B Facility on such date; provided that the portion of the Tranche B Facility held by any Defaulting Lender shall in each case be excluded for purposes of making a determination of Required Tranche B Lenders.

Examples of Required Tranche B Lenders in a sentence

• If no successor agent has accepted appointment as Tranche B Agent by the date which is forty-five (45) days after the date of a retiring Tranche B Agent’s notice of resignation, the retiring Tranche B Agent’s resignation shall nonetheless thereupon become effective and Tranche B Lenders shall perform all of the duties of Tranche B Agent hereunder until such time, if any, as Required Tranche B Lenders appoint a successor agent as provided for above.

• As to any matters not expressly provided for by this Agreement or any other Financing Agreement, Tranche B Agent shall in all cases be fully protected in acting, or in refraining from acting, hereunder or thereunder in accordance with instructions given by Required Tranche B Lenders, and such instructions of Required Tranche B Lenders and any action taken or failure to act pursuant thereto shall be binding on all Tranche B Lenders.

• If Tranche B Agent resigns under this Agreement, Required Tranche B Lenders shall appoint a successor agent for Tranche B 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.

• 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 B Lenders, the Administrative Agent hereby waives for the Waiver Period the requirement set out in Section 2.2 of the Tranche B Loan Agreement that borrowings of Tranche B Loans be in an amount of at least $1,000,000.

More Definitions of Required Tranche B Lenders

Required Tranche B 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 B Term Loan Commitments at such date and (b) the outstanding principal amount of the Tranche B Term Loans (excluding the Tranche B Term Loans held by Defaulting Lenders) in the aggregate at such date.

Required Tranche B Lenders means, at any time, Tranche B Lenders whose Pro Rata Shares aggregate 51% or more of the Obligations in respect of the Tranche B Loan then outstanding.

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

Required Tranche B 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 B Term Loans then outstanding.

Required Tranche B Lenders at any time, the holders of more than 50% of the aggregate principal amount of the Tranche B Term Loans then in effect.

Required Tranche B Lenders or “Tranche A Term Increase Cap” or (vi) other than in accordance with Section 6.01(d), release either Borrower from all of its respective obligations hereunder, ;

Required Tranche B Lenders and "Required Incremental Loan Lenders" of any Series, shall refer to the Lenders of such Class holding at least a majority of the sum of the total Loans, LC Exposure (if applicable) and unused Commitments of such Class at such time.