Requisite Tranche A Lenders definition

Requisite Tranche A Lenders means Tranche A Lenders holding at least 50.1% of the aggregate outstanding principal amount of the Tranche A Construction Loans or the Tranche A Loans, as applicable, or, if no Tranche A Construction Loans have been made, at least 50.1% of the aggregate Tranche A Construction Loan Commitments of all Tranche A Lenders.
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Requisite Tranche A Lenders. Requisite Tranche B Lenders" or "Supermajority Tranche A Revolving Lenders" or "Supermajority Tranche B Revolving Lenders" hereunder) for any voting or consent rights under or with respect to any Loan Document.
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Requisite Tranche A Lenders. Requisite Tranche B Lenders", "Supermajority Tranche A Revolving Lenders", "Supermajority Tranche B Revolving Lenders", "Senior Obligations", "Inventory Loans", "Inventory Overadvances", "Tranche A Inventory Loan Limit", "Tranche B Inventory Loan Limit", "Super Tranche B Default", or "Reserves" insofar as such definitions affect the substance of this Section 11.2. Furthermore, no amendment, modification, termination or waiver affecting the rights or duties of either Agent or Oversight Agent under this Agreement or any other Loan Document shall be effective unless in writing and signed by Agent or Oversight Agent, as the case may be, in addition to Lenders required hereinabove to take such action. Each amendment, modification, termination or waiver shall be effective only in the specific instance and for the specific purpose for which it was given. No amendment, modification, termination or waiver shall be required for Agent to take additional Collateral pursuant to any Loan Document. No amendment, modification, termination or waiver of any provision of any Note shall be effective without the written concurrence of the holder of that Note. No notice to or demand on any Credit Party in any case shall entitle such Credit Party or any other Credit Party to any other or further notice or demand in similar or other circumstances. Any amendment, modification, termination, waiver or consent effected in accordance with this Section 11.2 shall be binding upon each Lender.
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Examples of Requisite Tranche A Lenders in a sentence

  • Without limiting the foregoing, no Lender shall have any right of action whatsoever against Agents as a result of Agents acting or refraining from acting hereunder or under any other Loan Document in accordance with the instructions of Requisite Lenders, Supermajority Tranche A Revolving Lenders, Requisite Tranche A Lenders, Requisite Tranche B.

  • Notwithstanding anything herein which may be construed to the contrary, Lender and Borrower acknowledge and agree that (A) Agent has engaged Paragon as the Oversight Agent pursuant to the Oversight Agreement as it may be modified and amended from time to time, (B) the Oversight Agent may carry out its duties as set forth in such agreement, and (C) Oversight Agent may not be removed without the consent of the Requisite Tranche A Lenders and the Requisite Tranche B Lenders.

  • Upon any such resignation, the Requisite Tranche A Lenders and Requisite Tranche B Lenders shall have the right to appoint a successor Agent.

  • Notwithstanding anything set forth herein to the contrary, a Non- Funding Lender shall not have any voting or consent rights under or with respect to any Loan Document or constitute a "Lender" (or be included in the calculation of "Requisite Lenders", "Requisite Tranche A Lenders", Requisite Tranche B Lenders" or "Supermajority Tranche A Revolving Lenders" or "Supermajority Tranche B Revolving Lenders" hereunder) for any voting or consent rights under or with respect to any Loan Document.

  • Agent and Collateral Agent shall be entitled to act (or refrain from acting) on instructions from Requisite Tranche A Lenders or Requisite Tranche B Lenders.

  • In addition, if Agent or Collateral Agent shall receive conflicting instructions from Requisite Tranche A Lenders and Requisite Tranche B Lenders with respect to any exercise of remedies hereunder or under any of the other Loan Documents, Agent and Collateral Agent shall be entitled to act (or refrain from acting) on instructions from Requisite Tranche A Lenders with respect to such matters.

  • If Agent shall request instructions from Lenders, Tranche A Lenders or Tranche B Lenders, as applicable, with respect to any act or action (including any decision not to act) in connection with this Amended Loan Agreement or any of the other Loan Documents, Agent shall be entitled to refrain from such act or taking such action unless and until Agent shall have received instructions from Requisite Lenders, Requisite Tranche A Lenders or Requisite Tranche B Lenders in accordance with subsection 11.6B.

  • Notwithstanding anything set forth herein to the contrary, a Non-Funding Lender shall not have any voting or consent rights under or with respect to any Loan Document or constitute a "Lender" (or be included in the calculation of "Requisite Lenders", "Requisite Tranche A Lenders", Requisite Tranche B Lenders" or "Supermajority Tranche A Revolving Lenders" or "Supermajority Tranche B Revolving Lenders" hereunder) for any voting or consent rights under or with respect to any Loan Document.

  • Collateral Agent shall be entitled to refrain from exercising any power, discretion or authority vested in it under this Amended Loan Agreement or any of the other Loan Documents unless and until it has obtained the instructions of Requisite Lenders, Requisite Tranche A Lenders or Requisite Tranche B Lenders, as applicable, in accordance with subsection 11.6B.

  • Agent shall be entitled to refrain from exercising any power, discretion or authority vested in it under this Amended Loan Agreement or any of the other Loan Documents unless and until it has obtained the instructions of Requisite Lenders, Requisite Tranche A Lenders or Requisite Tranche B Lenders, as applicable, in accordance with subsection 11.6B.


More Definitions of Requisite Tranche A Lenders

Requisite Tranche A Lenders means (a) Tranche A Revolving Lenders having more than sixty-six and two-thirds percent (66-2/3%) of the Commitments of all Tranche A Revolving Lenders, or (b) if the Commitments have been terminated, more than sixty-six and two-thirds percent (66-2/3%) of the aggregate amount outstanding of the Tranche A Revolving Loans.
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Requisite Tranche A Lenders means Tranche A Lenders having at least fifty-one percent (51%) of the aggregate outstanding amount of the Tranche A Commitments and, after the Effective Date, fifty-one percent (51%) of the aggregate Tranche A Loans then outstanding.
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Requisite Tranche A Lenders. Requisite Tranche B Lenders", "Ratable Portion" "Super Majority Tranche A Lenders" or "Super Majority Tranche B Lenders";
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Requisite Tranche A Lenders. Requisite Trance B Lenders" or "Ratable Portion";
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Requisite Tranche A Lenders means Tranche A Revolving Lenders having 66-2/3% of the Tranche A Revolving Loan Commitments.
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Requisite Tranche A Lenders means Tranche A Lenders having at least fifty-one percent (51%) of the Tranche A Exposure.
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Related to Requisite Tranche A Lenders

  • Tranche A Lenders means, collectively, the Lenders having a Tranche A Commitment or all or a portion of the Tranche A Loans owing to it; sometimes being referred to herein individually as a “Tranche A Lender”.

  • Tranche A Lender means a Lender with a Tranche A Commitment or an outstanding Tranche A Term Loan.

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Majority Revolving Lenders at any time, (a) if only one Revolving Lender holds the Total Revolving Commitments at such time, such Revolving Lender, both before and after the termination of such Revolving Commitment; and (b) if more than one Revolving Lender holds the Total Revolving Commitment, at least two Revolving Lenders who hold more than 50% of the Total Revolving Commitments (including, without duplication, the L/C Commitments) or, at any time after the termination of the Revolving Commitments when such Revolving Commitments were held by more than one Revolving Lender, at least two Revolving Lenders who hold more than 50% of the Total Revolving Extensions of Credit then outstanding (including, without duplication, any L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time)); provided that the Revolving Commitments of, and the portion of the Revolving Loans and participations in L/C Exposure and Swingline Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Tranche A Term Loan Lender means a Lender with a Tranche A Term Loan Commitment or an outstanding Tranche A Term Loan.

  • Tranche A Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche A Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche A Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.09 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Tranche A Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Tranche A Commitment, as applicable. The initial aggregate amount of the Lenders’ Tranche A Commitments is $100,000,000.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Supermajority Lenders means, at any time, Lenders having Credit Exposure and unused Commitments representing at least 66 2/3% of the sum of the total Credit Exposure and unused Commitments at such time.

  • Required Term A Lenders means, as of any date of determination, Term A Lenders holding more than 50% of the Term A Facility on such date; provided that the portion of the Term A Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term A Lenders.

  • Majority Revolving Credit Lenders means Revolving Credit --------------------------------- Lenders having at least 51% of the aggregate amount of the Revolving Credit Commitments or, if the Revolving Credit Commitments shall have terminated, Lenders holding at least 51% of the sum of (a) the aggregate unpaid principal amount of the Revolving Credit Loans plus (b) the aggregate amount of all Letter of Credit Liabilities.

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Tranche A Facility means the aggregate of the Tranche A Commitments.