Required Tranche Lenders means: (a) with respect to Lenders having Revolving Commitments or Revolving Loans of any particular Tranche, Non-Defaulting Lenders having more than 50% of the aggregate sum of the Unutilized R/C Commitments, Revolving Loans and L/C Liabilities of all Non-Defaulting Lenders, in each case, in respect of such Tranche and then outstanding; (b) with respect to Lenders having Term Facility Loans or Term Facility Commitments, Non-Defaulting Lenders having more than 50% of the aggregate sum of the Term Facility Loans and unutilized Term Facility Commitments of all Non-Defaulting Lenders then outstanding; (c) for each Extension Tranche, if applicable, with respect to Lenders having Extended Revolving Loans or Extended Revolving Commitments or Extended Term Loans or commitments in respect of Extended Term Loans, in each case, in respect of such Extension Tranche, Non-Defaulting Lenders having more than 50% of the aggregate sum of such Extended Revolving Loans and Extended Revolving Commitments or Extended Term Loans and commitments of all Non-Defaulting Lenders in respect thereof, as applicable, then outstanding; and (d) for each Tranche of Other Term Loans, Non-Defaulting Lenders having more than 50% of the aggregate sum of such Other Term Loans and unutilized Other Term Loan Commitments of all Non-Defaulting Lenders then outstanding.
Required Tranche Lenders means, at any time, with respect to decisions relating to Commitments under any particular Tranche, Non-Defaulting Lenders of the applicable Tranche having Credit Exposures or unused Commitments (as applicable) of the applicable Tranche representing more than 50% of the sum of the total Credit Exposures or unused Commitments (as applicable) under the applicable Tranche of all Non-Defaulting Lenders of the applicable Tranche at such time.
Required Tranche Lenders means, with respect to each Tranche, the Required 364-Day Tranche Lenders, the Required 3-Year Tranche Lenders or the Required 5-Year Tranche Lenders, as applicable.
Examples of Required Tranche Lenders in a sentence
Since December 31, 2007, nothing shall have occurred (and neither the Administrative Agent nor any of the 2008 Incremental Term Loan Lenders shall have become aware of any facts, conditions or other information not previously known) which the Administrative Agent or the Required Tranche Lenders in respect of the 2008 Incremental Term Loans shall determine has had, or believe could reasonably be expected to have, a Material Adverse Effect.
On the First Amendment Effective Date, no litigation by any entity (private or governmental) shall be pending or threatened (i) with respect to any Credit Document or the transactions contemplated thereby or (ii) which the Administrative Agent or the Required Tranche Lenders in respect of the Incremental 2008 Term Loans shall determine could reasonably be expected to have a Material Adverse Effect.
More Definitions of Required Tranche Lenders
Required Tranche Lenders means, with respect to any Tranche, Lenders in the aggregate having greater than fifty percent (50%) of the Aggregate Commitment with respect to such Tranche or, if the Aggregate Commitment with respect to such Tranche has been terminated, Lenders in the aggregate holding greater than fifty percent (50%) of the aggregate outstanding Loans with respect to such Tranche; provided that the Commitment of, and the portion of the aggregate outstanding Loans with respect to such Tranche held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Tranche Lenders.
Required Tranche Lenders at any time, with respect to matters relating to Alternative Currency Commitments and Alternative Currency Tranche Loans only or Dollar Tranche Commitments and Dollar Tranche Loans only, Lenders that are not Defaulting Lenders having or holding more than 50% of the aggregate amount of (a) all Alternative Currency Tranche Loans and unused Alternative Currency Commitments or (b) all Dollar Tranche Loans and unused Dollar Tranche Commitments, as the case may be, of Lenders that are not Defaulting Lenders at such time; provided that in the case of Dollar Tranche Commitments and Dollar Tranche Loans, the amount of any participation in any Swing Line Loan and unreimbursed amounts owed to any Letter of Credit Issuer that any Defaulting Lender has failed to fund that have not been reallocated and funded by another Dollar Tranche Lender shall be deemed to be held by the Swing Line Lender (in the case of a Swing Line Loan) or the applicable Letter of Credit Issuer (in the case of unreimbursed amounts owed to such Letter of Credit Issuer) in making such determination.
Required Tranche Lenders means: (a) with respect to Revolving Commitments or Revolving Loans of any particular Tranche, Non-Defaulting Lenders having more than 50% of the aggregate sum of the Unutilized R/C Commitments, Revolving Loans and L/C Liabilities of all Non-Defaulting Lenders, in each case, in respect of such Tranche and then outstanding; (b) with respect to Term Facility Loans,Loans, Non-Defaulting Lenders having more than 50% of the aggregate sum of the Term Facility Loans, Term Facility II Loans, unutilized Term Facility Commitments and unutilized Term Facility II Commitments of all Non-Defaulting Lenders then outstanding; (c) with respect to Term Facility Loans, Non-Defaulting Lenders having more than 50% of the aggregate sum of the Term Facility Loans and unutilized Term Facility Commitments of all Non-Defaulting Lenders then outstanding; (c) with respect to Tranche A Term Facility Commitments, Non-Defaulting Lenders having more than 50% of the aggregate sum of the unutilized Tranche A Term Facility Commitments of all Non-Defaulting Lenders then outstanding; (d) with respect to Tranche B Term Facility Commitments, Non-Defaulting Lenders having more than 50% of the aggregate sum of the unutilized Tranche B Term Facility Commitments of all Non-Defaulting Lenders then outstanding; (e) with respect to Tranche C Term Facility Commitments, Non-Defaulting Lenders having more than 50% of the aggregate sum of the unutilized Tranche C Term Facility Commitments of all Non-Defaulting Lenders then outstanding; (f) with respectd) with respect to Tranche D Term Facility Commitments, Non-Defaulting Lenders having more than 50% of the aggregate sum of the unutilized Tranche D Term Facility Commitments of all Non-Defaulting Lenders then outstanding; (ge) with respect to Term Facility II Loans, Non-Defaulting Lenders having more than 50% of the aggregate sum of the Term Facility II Loans and unutilized Term Facility II Commitments of all Non-Defaulting Lenders then outstanding; (f) for each Extension Tranche, if applicable, with respect to Lenders having Extended Revolving Loans or Extended Revolving Commitments or Extended Term Loans or commitments in respect of Extended Term Loans, in each case, in respect of such Extension Tranche, Non-Defaulting Lenders having more than 50% of the aggregate sum of such Extended Revolving Loans and Extended Revolving Commitments or Extended Term Loans and commitments of all Non-Defaulting Lenders in respect thereof, as applicable, then outstanding; ...
Required Tranche Lenders means: (a) with respect to Revolving Lenders having Revolving Loan Commitments or Revolving Loans, Required Revolving Lenders, and (b) with respect to New Term Lenders (including 2008 Incremental Term Loan Lenders), for each additional Tranche of Term Loans (including the 2008 Incremental Term Loan), Lenders having Term Loans of such Tranche having more than 50% of the aggregate sum of Term Loans then outstanding and Term Loan commitments (including 2008 Incremental Term Loan Commitments) of such Tranche.
Required Tranche Lenders means, as of any date of determination, Lenders of a Tranche (voting as a single class) having more than 50% of the sum of the (a) Outstanding Amount of all Loans under such Tranche, (b) aggregate unused Commitments, if any, under such Tranche and (c) with respect to a Tranche under a Revolving Credit Facility, all L/C Obligations (with the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Lender for purposes of this definition) under such Tranche, if any; provided, that the portion of such Outstanding Amounts, L/C Obligations and unused Commitments held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Tranche Lenders.
Required Tranche Lenders means, with respect to any Tranche, the Lenders holding more than 50% of the aggregate amount of Revolver Commitments and Revolver Loans outstanding at any time in respect of such Tranche; provided, however the applicable Revolver Commitments and Revolver Loans of any Defaulting Lender shall be excluded from such calculation.
Required Tranche Lenders means: (a) with respect to Lenders having Revolving Commitments or Revolving Loans of any particular Tranche, Non-Defaulting Lenders having more than 50% of the aggregate sum of the Unutilized R/C Commitments, Revolving Loans, Swingline Exposure and L/C Liabilities, in each case, of Non-Defaulting Lenders in respect of such Tranche and then outstanding; (b) with respect to Lenders having Term A Facility Loans, Term A Facility Commitments or Incremental Term A Loan Commitments, Non-Defaulting Lenders having more than 50% of the aggregate sum of the Term A Facility Loans, unutilized Term A Facility Commitments and unutilized Incremental Term A Loan Commitments of Non-Defaulting Lenders then outstanding; (c) for each New Term Loan Facility, if applicable, with respect to Lenders having New Term Loans or New Term Loan Commitments, in each case, in respect of such New Term Loan Facility, Non-Defaulting Lenders having more than 50% of the aggregate sum of such New Term Loans and unutilized New Term Loan Commitments of Non-Defaulting Lenders then outstanding; (d) for each Extension Tranche, if applicable, with respect to Lenders having Extended Revolving Loans or Extended Revolving Commitments or Extended Term Loans or commitments in respect of Extended Term Loans, in each case, in respect of such Extension Tranche, Non-Defaulting Lenders having more than 50% of the aggregate sum of such Extended Revolving Loans and Extended Revolving Commitments or Extended Term Loans and commitments in respect thereof, in each case, in respect of such Extension Tranche, as applicable, of Non-Defaulting Lenders then outstanding; and (e) for each Tranche of Other Term Loans, Non-Defaulting Lenders having more than 50% of the aggregate sum of such Other Term Loans and unutilized Other Term Loan Commitments in each case, in respect of such Tranche, of Non-Defaulting Lenders then outstanding.