Requisite Senior Lenders definition

Requisite Senior Lenders or any similar terms shall, unless the context clearly otherwise indicates, include the Administrative Agent or its Affiliates as a Senior Lender or one of the Requisite Senior Lenders. The Administrative Agent may accept deposits from, lend money to, and generally engage in any kind of banking, trust or other business with the Company or any of its Subsidiaries as if it were not acting as Administrative Agent pursuant hereto.
Sample 1
Requisite Senior Lenders means, collectively, Lenders having more than (a) 66 2/3% of the aggregate outstanding amount of the Revolving Credit Commitments or, after the Revolving Credit Termination Date, 66 2/3% of the aggregate Revolving Credit Outstandings and (b) 66 2/3% of the Term A Loan Commitments or, after the Amendment Closing Date, 66 2/3% of the principal amount of all Term A Loans then outstanding. A Non-Funding Lender that is a Term A Lender or a Revolving Credit Lender shall not be included in the calculation of “Requisite Senior Lenders.”
Sample 1
Requisite Senior Lenders means the “Requisite Lenders” under and as defined in the Senior Lien Credit Agreement .
Sample 1

Examples of Requisite Senior Lenders in a sentence

  • If there be a resignation the slot shall be filled by a majority-in-interest of the Requisite Senior Lenders (in the case of a Senior Representative) and by majority-in-interest of the Requisite Second Lien Noteholders (in the case of the Second Lien Representative).

  • If the Administrative Agent seeks the consent or approval of the Requisite Senior Lenders to the taking or refraining from taking any action hereunder, the Administrative Agent shall send notice thereof to each Senior Lender.

  • The US Shipping entities are considering purchasing one or more LIBOR caps on a portion of the New Term Loan and will do so if requested by the Requisite Senior Lenders and each such cap can be obtained on commercially reasonable terms.

  • The Administrative Agent shall promptly notify each Senior Lender at any time that the Requisite Senior Lenders have instructed the Administrative Agent to act or refrain from acting pursuant hereto.

  • The Confirmation Order must be entered by the Bankruptcy Court in a form acceptable in all material respects to the Debtors and the Requisite Senior Lenders (acting reasonably) and must provide for the confirmation of the Plan with respect to (a) each Debtor or (b) each Debtor other than DIC Almatis Bidco B.V..

  • All documents to be contained in the Plan Supplement shall be completed and in final form acceptable in all material respects to the Debtors and the Requisite Senior Lenders (acting reasonably) and, to the extent necessary, shall have been executed and delivered by the respective parties thereto.

  • No amendment, modification, or waiver of any of the provisions of this Agreement shall be effective unless in writing and signed by the party or parties affected thereby and, if such amendment, modification or waiver of any provisions of this Agreement materially adversely affects the rights of the Senior Lenders, the Requisite Senior Lenders.

  • The German Restructuring Opinion shall have been delivered to the New Senior Facility Agent and the New Junior Facility Agent, as provided in the New Facilities Agreements, the Requisite Senior Lenders and Oaktree, and shall be a positive opinion that is satisfactory in form and substance to the Requisite Senior Lenders.

  • There shall have occurred or been disclosed to the Senior Lenders any condition or event which the Requisite Senior Lenders determine has or is likely to have a Material Adverse Effect.

  • There are two broad concerns that are much more prominent with regard to the HWP pool than to the other pools.


More Definitions of Requisite Senior Lenders

Requisite Senior Lenders means the "Required Banks" as defined in the Credit Agreement as of the date hereof.
Sample 1
Requisite Senior Lenders means Senior Lenders whose Pro Rata Shares, in the aggregate, are more than fifty percent (50%). "REVOLVING CREDIT OBLIGATIONS" shall mean, at any particular time, the sum of (i) the outstanding principal amount of the Loans at such time, plus (ii) the Facility Letter of Credit Obligations at such time.
Sample 1
Requisite Senior Lenders means those Senior Lenders holding two-thirds (2/3) in aggregate of the total principal amount of the Senior Lender Claims.
Sample 1
Requisite Senior Lenders means, collectively, (a) the “Holder” under the Senior Convertible Note and (b) the “Required Lenders” or any other similar term set forth under any Senior Revolving Loan Agreement.
Sample 1
Requisite Senior Lenders means Senior Lenders whose Pro Rata Shares, in the aggregate, are more than fifty percent (50%).
Sample 1
Requisite Senior Lenders means, at any time of determination, holders of at least a majority in principal amount of the Senior Indebtedness Liabilities then outstanding, or if no Senior Indebtedness Liabilities are then outstanding holders having at least a majority of the commitments under the Senior Credit Agreement to extend Senior Indebtedness Liabilities; provided, however, that so long as there are any Senior Lender Liabilities (or any commitments therefor) outstanding, Requisite Senior Lenders must include holders of a majority in principal amount (or, if applicable, amount of commitments) of the Senior Lender Liabilities.
Sample 1

Related to Requisite Senior Lenders

  • Requisite Creditors of any Class shall mean each of (x) with respect to the Credit Document Obligations, the Required Banks and (y) with respect to the Other Obligations, the holders of at least a majority of all obligations outstanding from time to time under the Interest Rate Protection Agreements or Other Hedging Agreements.

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • Requisite Lenders means Lenders having (a) more than 50% of the Commitments of all Lenders, or (b) if the Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Loans.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Requisite Holders means at any time holders of Warrant Shares and Warrants representing at least a majority of the Warrant Shares outstanding or issuable upon the exercise of all the outstanding Warrants.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Second Lien Credit Agreement means that certain Second Lien Credit Agreement, dated as of December 30, 2020, among Vine Energy Holdings LLC, as borrower, the lenders from time to time party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc. as Administrative Agent (as defined therein) and Collateral Agent (as defined therein), as further amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time

  • DIP Agent means the administrative agent for the DIP Lenders as defined in the DIP Credit Agreement.

  • Senior Lender means each holder of a Senior Note.

  • DIP means (1) the debtor in possession in a chapter 11 case in which no trustee has been appointed and is serving, and (2) the debtor in possession in a chapter 12 case in which the debtor has not been removed under §1204 without reinstatement.

  • Senior Lender Claims means (a) the principal of all Indebtedness outstanding under one or more of the Senior Lender Documents to the extent not prohibited by the Indenture (as in effect on the date hereof), and (b) all other Obligations not constituting principal of Indebtedness of any Obligor under the Senior Lender Documents, including, without limitation, all claims under the Senior Lender Documents for interest, fees, expense reimbursements, indemnification and other similar claims. Senior Lender Claims shall include all interest accrued or accruing (or which would, absent the commencement of an Insolvency or Liquidation Proceeding, accrue) after the commencement of an Insolvency or Liquidation Proceeding in accordance with and at the rate specified in the Senior Credit Agreement whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding. To the extent any payment with respect to the Senior Lender Claims (whether by or on behalf of any Obligor, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be fraudulent or preferential in any respect, set aside or required to be paid to a debtor in possession, trustee, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall be deemed to be reinstated and outstanding as if such payment had not occurred. Notwithstanding anything to the contrary contained in the first sentence of this definition, any principal Indebtedness (including reimbursement obligations for drawn or undrawn letters of credit) incurred under the Senior Credit Agreement shall constitute a "Senior Lender Claim" (whether or not such Indebtedness is at any time determined not to have been permitted to be incurred under the Indenture), to the extent, after giving effect to such incurrence, the aggregate principal amount of Indebtedness outstanding under the Senior Credit Agreement does not exceed $15,000,000 (less any prior permanent reductions in the Revolving Loan Commitment).

  • First Lien Credit Agreement means the Credit Agreement, dated as of the Closing Date, among Holdings, the Borrower, the guarantors party thereto, the lenders party thereto, the other parties from time to time party thereto, and the First Lien Administrative Agent.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Senior Credit Agreement has the meaning specified therefor in the Recitals hereto.

  • Requisite Noteholders Holders of Notes evidencing not less than a majority of the Outstanding Amount of the Controlling Class.

  • Second Lien Agent has the meaning set forth in the Intercreditor Agreement.

  • Credit Agreement Agent means, at any time, the Person serving at such time as the “Agent” or “Administrative Agent” under the Credit Agreement or any other representative then most recently designated in accordance with the applicable provisions of the Credit Agreement, together with its successors in such capacity.

  • Supermajority Banks means Banks having more than 75% of the sum of the Aggregate Commitments or, after the Revolving Credit Termination Date, more than 75% of the aggregate Revolving Loans outstanding (including funded participating interests in Swingline Loans).

  • Additional First Lien Secured Parties means the holders of any Additional First Lien Obligations and any trustee, authorized representative or agent of such Additional First Lien Obligations.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Majority Lenders means a Lender or Lenders whose Commitments aggregate more than 662/3% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 662/3% of the Total Commitments immediately prior to the reduction).

  • Required Lenders means, at any time, Lenders having Revolving Exposures, Term Loans and unused Commitments representing more than 50% of the sum of the total Revolving Exposures, outstanding Term Loans and unused Commitments at such time.

  • Supermajority Lenders means, at any time, Lenders having or holding more than 66 2/3% of the aggregate Revolving Loan Exposure of all Lenders; provided, that (i) the Revolving Loan Exposure of any Defaulting Lender shall be disregarded in the determination of the Supermajority Lenders, and (ii) at any time there are two or more Lenders (who are not Affiliates of one another), “Supermajority Lenders” must include at least two Lenders (who are not Affiliates of one another or Defaulting Lenders).

  • DIP Agents means the DIP ABL Agent and the DIP Term Loan Agent.

  • Second Lien Administrative Agent means the “Administrative Agent” as defined in the Second Lien Credit Agreement.