Super Required Lenders definition
Super Required Lenders means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than 66-2/3% (sixty-six and two-thirds percent) of the sum of the total Revolving Credit Exposures and unused Commitments at such time.
Super Required Lenders means Non-Defaulting Lenders the sum of whose ---------------------- outstanding Commitments (or after the termination thereof, outstanding Advances and participations in Letter of Credit Exposure) represent at least 66.67% of the sum of all outstanding Commitments of Non-Defaulting Lenders (or after the termination of the Commitments, the sum of the then total outstanding Advances of Non-Defaulting Lenders, and the aggregate participations of all Non-Defaulting Lenders of Letter of Credit Exposure at such time).
Super Required Lenders shall be modified to mean at any time Lenders and Participants holding, as the case may be, Notes and percentage interests in the Swap Agreement which evidence at least 66 2/3% of the aggregate of (x) the unpaid principal amount of the Notes which are entitled to vote pursuant to the terms hereof, and (y) the portion of the Termination Amount paid by such Participants and unpaid by the Borrowers. In the event that the Counterparty shall be obligated (or, in its sole discretion, shall otherwise agree) to pay Borrowers an amount pursuant to Section 6 of the Swap Agreement in respect of an early termination of any Swap Transaction and shall, in lieu of making such payment, apply the amount of such payment as a set-off in reduction of the Loans, then each Participant shall be entitled to receive from the Counterparty payment of an amount equal to its pro rata share (based on such Participant's percentage interest as set forth on Schedule A attached hereto as the same may be amended from time to time) of such application. Prior to any Participant's paying its pro rata portion of the Termination Amount as provided in this Section 9.18: (i) such Participant shall have no interest in the Swap Agreement or any Swap Transaction or any payments made by or to Borrower in connection therewith, and (ii) no consent of such Participant shall be required for the taking of any action by the Counterparty with respect to the Swap Agreement or any Swap Transaction, including, without limitation the designation of an early termination date thereunder; provided, however, that (i) the Counterparty shall not without the prior consent of a majority in interest of the Participants make or consent to any materially adverse amendment, modification or waiver of any of the terms, covenants, provisions or conditions of the Swap Agreement or any Swap Transaction (once entered into thereunder) and (ii) the Counterparty shall not without the prior consent of each Participant release, reconvey or change, in whole or in part, any collateral or security interest held under the Swap Agreement or any Swap Transaction.
Examples of Super Required Lenders in a sentence
The Documentation Agent shall have received ------------- counterparts of this Amendment executed by the Borrower, the Guarantors and the Super Required Lenders.
The Administrative Agent shall have received ------------- counterparts of this Amendment executed by the Borrower, the Guarantors and the Super Required Lenders.
Neither the Agent nor any of its affiliates nor any of their respective directors, officers, agents or employees shall be liable to the Lenders for any action taken or not taken by it in connection herewith (i) with the consent or at the request of the Required Lenders or if required hereby, the Super Required Lenders or (ii) in the absence of its own gross negligence or willful misconduct.
The Documentation Agent shall have received counterparts of this Amendment executed by the Borrower, the Guarantors and the Super Required Lenders.
Currently there are 41 Kids in Ridge Meadows in the program, with a waitlist of 22 yet to be matched.
More Definitions of Super Required Lenders
Super Required Lenders means, at any time, Lenders having (a) Loans outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments, that taken together, represent more than 90% of the sum of (i) all Loans outstanding, (ii) Revolving L/C Exposures and (iii) the total Available Unused Commitments at such time. The Loans, Revolving L/C Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Super-required Lenders at any time.
Super Required Lenders means, as of any date, (i) all Lenders if there are less than three (3) Lenders (which shall include the Lender then acting as Administrative Agent) or (ii) if there are three (3) or more Lenders (which shall include the Lender then acting as Administrative Agent), then Lenders having a Pro Rata Share of at least 81% of the aggregate principal amount of the Loan; provided that in determining such percentage at any given time, all then existing Defaulting Lenders will be disregarded and excluded, and the Pro Rata Shares shall be re-determined, for voting purposes only, to exclude the Pro Rata Shares of such Defaulting Lenders.
Super Required Lenders means Non-Defaulting Lenders the sum of whose outstanding Term Advances and Revolving Commitments (or after the termination thereof, outstanding Revolving Advances and participations in Letter of Credit Exposure) represent at least 75% of the sum of all outstanding Term Advances of Non-Defaulting Lenders and the sum of all Revolving Commitments of Non-Defaulting Lenders (or after the termination of the Revolving Commitments, the sum of the then total outstanding Revolving Advances of Non-Defaulting Lenders, and the aggregate participations of all Non-Defaulting Lenders of Letter of Credit Exposure at such time).
Super Required Lenders means at any time Lenders holding Notes evidencing at least 662/3% of the aggregate unpaid principal amount of the Notes held by Lenders which are entitled to vote pursuant to the terms hereof.
Super Required Lenders means Non-Defaulting Lenders the sum of whose ---------------------- outstanding Term A Advances (and, prior to the termination thereof, Term A Commitments), Term B Advances (and, prior to the termination thereof, Term B Commitments) and Revolving Commitments (or after the termination thereof, outstanding Revolving Advances and participations in Letter of Credit Exposure) represent at least 66.67% of the sum of all outstanding Term A Advances (and, if prior to the termination thereof, Term A Commitments) and Term B Advances (and, if prior to the termination thereof, Term B Commitments) of Non-Defaulting Lenders and the sum of all Revolving Commitments of Non-Defaulting Lenders (or after the termination of the Revolving Commitments, the sum of the then total outstanding Revolving Advances of Non-Defaulting Lenders, and the aggregate participations of all Non-Defaulting Lenders of Letter of Credit Exposure at such time); provided that with respect to a vote which only involves a certain Class or Classes, only the Commitments and Advances for the applicable Class or Classes shall be used in the calculation of Super Required Lenders.
Super Required Lenders means, at any time, Lenders holding at least sixty-six percent (66%) of the aggregate amount of the Commitments of the Lenders at such time, provided, however, that, if the Committed Share of First Union National Bank shall be reduced to less than thirty-five percent (35%), then in each provision in this Agreement where the consent or approval of the Super-Required Lenders is otherwise stipulated, such provision shall be automatically deemed amended to require the consent or approval of the Required Lenders.
Super Required Lenders means Lenders whose aggregate Credit Exposure (as hereinafter defined) constitutes more than 66.67% of the aggregate Credit Exposure of all Lenders at such time; provided, however, that if any Lender shall be a Defaulting Lender at such time then there shall be excluded from the determination of Super Required Lenders the aggregate principal amount of Credit Exposure of such Lender at such time.