Requisite Banks definition

Requisite Banks means (a) as of any date of determination if the Commitments are then in effect, Banks having in the aggregate 51% or more of the combined Commitments then in effect and (b) as of any date of determination if the Commitments have then been terminated and there are Loans outstanding, Banks holding Loans aggregating 51% or more of the aggregate outstanding principal amount of the Loans.

Requisite Banks means (a) as of any date of determination if the --------------- Commitment is then in effect, Banks having Pro Rata Shares which are, in the aggregate, a majority of the Pro Rata Shares of the Commitment then in effect and (b) as of any date of determination if the Commitment has then been terminated and there are then any Obligations outstanding, Banks or other creditors holding a majority of the Outstanding Obligations.

Requisite Banks means, as at any date of determination, Banks having at

Examples of Requisite Banks in a sentence

• Thereafter, the obligation of the Banks to make or maintain Eurodollar Rate Loans or CD Rate Loans, as the case may be, hereunder shall be suspended until the Agent upon the instruction of the Requisite Banks revokes such notice in writing.

• Unless the Requisite Banks shall otherwise agree, after the occurrence of and during the continuance of a Default or Event of Default, the Company may not elect to have a Loan be made as, or converted into or continued as, a Eurodollar Rate Loan or CD Rate Loan.

• The Company agrees from the Effective Date until payment in full of all Obligations and termination of the Aggregate Facilities Commitment and the Transfer and Administration Agreement, unless Requisite Banks shall otherwise give prior written consent, the Company will perform all covenants in this Section 6.

• The Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with a request or consent of the Requisite Banks and such request and any action taken or failure to act pursuant thereto shall be binding upon all of the Banks.

• The Company agrees from the Effective Date until payment in full of all Obligations and termination of the Aggregate Facilities Commitment and the Transfer and Administration Agreement, unless Requisite Banks shall otherwise give prior written consent, the Company will perform all covenants in this Section 7.

More Definitions of Requisite Banks

Requisite Banks or any similar terms will include the Agent when acting in its individual capacity. Agent may lend money to, and generally engage in any kind of banking, trust or other business with Borrower to the same extent as any other financial institution.

Requisite Banks or “Pro Rata Share”; provided, with the consent of Requisite Banks, additional extensions of credit pursuant hereto may be included in the determination of “Requisite Banks” or “Pro Rata Share” on substantially the same basis as the B Term Loan Commitments, the B Term Loans, the Revolving Commitments and the Revolving Loans are included on the Closing Date;

Requisite Banks means Banks whose Ratable Shares equal or exceed 51%.

Requisite Banks means, at any time, Banks holding at least 70% of the aggregate unpaid amount of the Loans outstanding, or, if no Loans then are outstanding, Banks having at least 70% of the aggregate Commitment then in effect.

Requisite Banks means Banks whose Ratable Share of the Loan equals or exceeds 66-2/3% in the aggregate of the Banks, excluding from both the numerator and denominator, however, any Bank then in default for a continuous period greater than ten (10) Business Days of any obligation for the payment of money to the Agent in respect of its Ratable Share of an Advance or other expense or liability for which the Agent has in writing requested reimbursement or indemnification and which the Banks have agreed to pay by the respective terms, and within the respective meanings, of this Agreement; provided, Agent will not agree (and Borrower acknowledges that written consent is required) to change a maturity date, Advance Date, payment date, interest rate, this definition of Requisite Banks, modify in writing this Agreement or any other Loan Documents with respect to the foregoing, or release any of the Brass Guaranties, without the prior written consent of the "Requisite Banks" which shall mean for those purposes Banks (determined without regard to the foregoing exclusions) whose Ratable Share of the Loan is 100% in the aggregate.

Requisite Banks means (a) as of any date of determination if the Commitments are then in effect, Banks having in the aggregate 51% or more of the combined Commitments then in effect and (b) as of any date of determination if the Commitments have then been terminated and there are Loans and Letter of Credit Usage outstanding, Banks holding Loans aggregating 51% or more of the aggregate outstanding principal amount of the Loans and Letter of Credit Usage.

Requisite Banks means, as at any date of determination, Banks having at --------------- least 51% of the then aggregate unpaid principal amount of the Loans (or if no Loans are then outstanding, Banks having at least 51% of the combined Commitments).