Requisite First Lien Lenders definition

Requisite First Lien Lenders means, as of the date of determination, Consenting First Lien Lenders holding at least a majority in aggregate principal amount outstanding of the Prepetition First Lien Loans held by the Consenting First Lien Lenders as of such date.

Requisite First Lien Lenders means, as of the relevant date, Consenting First Lien Lenders that collectively hold at least a majority of the aggregate outstanding principal amount of the First Lien Claims.

Requisite First Lien Lenders means the Holders of a majority of the aggregate outstanding principal amount of the Claims held by the First Lien Lenders.

Examples of Requisite First Lien Lenders in a sentence

• Intercompany Claims shall be, at the option of the applicable Debtor with the consent of the Requisite First Lien Lenders, either: (i) Reinstated; or (ii) canceled and released without any distribution on account of such Claims.

• Pursuant to section 510 of the Bankruptcy Code, except where otherwise provided herein, the Reorganized Debtors (with the consent of (a) the Requisite First Lien Lenders and (b) the Owners solely to the extent the provisions therein affect the legal and/or economic rights of the Owners) reserve the right to re-classify any Allowed Claim or Interest in accordance with any contractual, legal, or equitable subordination rights relating thereto.

• Subject to Article IV.E of this Plan, the Reorganized Debtors shall enter into such agreements and amend their corporate governance documents to the extent necessary to implement the terms and provisions of the Plan, which shall be in form and substance reasonably satisfactory to (a) the Requisite First Lien Lenders and (b) the Owners solely to the extent the provisions therein affect the legal and/or economic rights of the Owners.

• On or before the Effective Date, the Debtors, with the consent, pursuant to the Plan Support Agreement, of(a) the Requisite First Lien Lenders and (b) the Owners solely to the extent the provisions therein affect the legal and/or economic rights of the Owners, may file with the Bankruptcy Court such agreements and other documents as may be necessary or appropriate to effectuate and further evidence the terms and conditions of the Plan.

• The Exit ABL Facility shall (a) be secured by a first priority lien on, inter alia, the collateral that currently secures the Prepetition ABL Claims and a second priority lien on, inter alia, the collateral that currently secures the Prepetition Term Loan Claims, (b) have material terms and conditions that are substantially similar to those in the Prepetition ABL Credit Agreement, and (c) be acceptable to the Requisite First Lien Lenders.

More Definitions of Requisite First Lien Lenders

Requisite First Lien Lenders means, as of the date of determination, Consenting Lenders that are members of the Consenting Term Loan Committee holding at least a majority of the aggregate outstanding principal amount of the Term Loan Claims held by all of the Consenting Lenders that are members of the Consenting Term Loan Committee as of such date.

Requisite First Lien Lenders means, as of the date of determination, Consenting Creditors holding at least a majority in aggregate principal amount of First Lien Loans held by the Consenting Creditors as of such date.

Requisite First Lien Lenders. As of the date of determination, Consenting First Lien Lenders holding at least 66- 2/3% of the aggregate outstanding principal amount of the First Lien Loans held by the Consenting First Lien Lenders as of such date.

Requisite First Lien Lenders means, collectively, Lenders having more than fifty percent (50%) of the sum of (a) the aggregate outstanding amount of the Revolving Credit Commitments or, after the Revolving Credit Termination Date, the aggregate Revolving Credit Outstandings and (b) the aggregate outstanding amount of the Term B Commitments or, after the Closing Date, the principal amount of all Term B Loans then outstanding. A Non-Funding Lender shall not be included in the calculation of "Requisite First Lien Lenders."

Requisite First Lien Lenders. “Requisite Lenders” or “Requisite Term C Lenders” or any other provision of any Loan Document specifying the number or percentage of Lenders (or Lenders of any Class) required to waive, amend or modify any rights thereunder or make any determination or grant any consent thereunder without the prior written consent of each Lender (or each Lender of such Class, as the case may be), (iv) release any Loan Party from its Guarantee under a Guarantee Agreement (except as expressly provided herein or in such Guarantee Agreement), or limit its liability in respect of such Guarantee, without the written consent of each Lender, (v) release all or any substantial part of the Collateral from the Liens of the Security Documents (except as expressly provided in this Agreement or the Security Documents), without the written consent of each Lender, or (vi) change any provisions of any Loan Document in a manner that by its terms adversely affects the rights in respect of payments due to Lenders holding Loans of any Class differently than those holding Loans of any other Class, without the written consent of Lenders holding a majority in interest of the outstanding Loans and unused Commitments of each affected Class; provided, further, that no such agreement shall amend, modify or otherwise affect the rights or duties of either Agent, the Joint Lead Arrangers, the Issuing Bank or the Swingline Lender hereunder or under any other Loan Document without the prior written consent of such Agent, the Joint Lead Arrangers, the Issuing Bank or the Swingline Lender, as the case may be; provided, further, that (x) the consent of Term B Lenders representing more than 50% of the outstanding Term B Loans shall be required with respect to any amendment that changes the application of any optional or mandatory prepayments of the Loans to the remaining amortization payments under the Term B Loans, (y) the consent of Revolving Lenders representing more than 50% of the outstanding Revolving Commitments and Revolving Credit Exposure shall be required with respect to any express amendment, modification, supplement or waiver of any condition precedent in Section 4.02 to any Revolving Credit Borrowing, and (z) the consent of the Requisite Term C Lenders (1) shall not be required with respect to any amendment, waiver of or modification to, the Intercreditor Agreement, except as contemplated by Section 8.3 of the Intercreditor Agreement and (2) shall be required with respect to any amendment, waive...

Requisite First Lien Lenders. Requisite Revolving Credit Lenders", "Requisite Term B Lenders", "Requisite Term C Lenders" and any similar terms shall, unless the context clearly otherwise indicates, include, without limitation, each Agent in its individual capacity as a Lender, Revolving Credit Lender, Optional Currency Lender, Term Loan Lender, Term B Lender, Term C Lender or as one of the Requisite Lenders, Requisite First Lien Lenders, Requisite Revolving Credit Lenders, Requisite Term B Lenders or Requisite Term C Lenders. Each Agent and each of its Affiliates may accept deposits from, lend money to, and generally engage in any kind of banking, trust or other business with, any Loan Party as if such Agent were not acting as an Agent.

Requisite First Lien Lenders means, at any time, Lenders having more than fifty percent (50%) of the sum of (a) the aggregate amount of the Revolving Credit Commitments or, after the Revolving Credit Maturity Date, the Revolving Credit Exposure and (b) the aggregate outstanding amount of all Term B Loans.