Required Tranche B Lenders definition

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

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 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 the Tranche B Collateral Agent has materially breached or failed to perform any material provision of this Agreement or of applicable law, the Required Tranche B Lenders may agree in writing to remove and replace the Tranche B Collateral Agent with a successor Tranche B Collateral Agent from among the Tranche B Lenders.

• The Tranche B Collateral Agent may resign as the Tranche B Collateral Agent upon 30 days prior written notice to the Tranche B Lenders and Administrative Borrower (unless such notice is waived by the Required Tranche B Lenders).

• No amendment, waiver, modification, elimination, or consent shall amend, modify, or waive any provision of Section 15 pertaining to the Tranche B Collateral Agent, or any other rights or duties of the Tranche B Collateral Agent under this Agreement or the other Loan Documents, without the written consent of the Tranche B Collateral Agent, Borrowers, and the Required Tranche B Lenders.

• They can be used to implement attributes or to implement associations.

• The Required Tranche B Lenders may, or, with the written consent of the Required Tranche B Lenders, the Administrative Agent may, from time to time prior to the Tranche B Delayed Draw Closing Date, waive at any Loan Party’s request any condition precedent set forth in Section 6 of this Incremental Amendment.

More Definitions of Required Tranche B Lenders

Required Tranche B Lenders means, at any time, Tranche B Lenders having Tranche B Loans outstanding representing at least 51% of the total Tranche B Loans outstanding.

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 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 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 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 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, ;