Supermajority Revolving Credit Lenders definition

Supermajority Revolving Credit Lenders means those Revolving Credit Lenders which are not Defaulting Lenders which would constitute the Majority Lenders under, and as defined in, this Agreement, if the reference to “a majority” contained therein were changed to “66.67%”.

Supermajority Revolving Credit Lenders. Revolving Credit Lenders (other than Delinquent Lenders) holding 66-2/3% or more of the Revolving Credit Commitments (other than such Loan Commitments held by a Delinquent Lender).

Supermajority Revolving Credit Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 662⁄3% of the sum of the (a) Outstanding Amount of Revolving Credit Exposure (with the aggregate Outstanding Amount of each Lender’s Revolving Credit Exposure being deemed “held” by such Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided, that the Revolving Credit Commitment and the Revolving Credit Exposure of any Defaulting Lender shall be excluded for all purposes of making a determination of Supermajority Revolving Credit Lenders.

Examples of Supermajority Revolving Credit Lenders in a sentence

• The Swing Line Loan Ceiling may not be increased to an amount in excess of $40,000,000.00 (or such greater amount to which such Swing Line Loan Ceiling has been previously increased in accordance with the provisions of this Section 15.3 without the Consent of the Supermajority Revolving Credit Lenders.

• The Agents and their respective directors, officers, agents and employees shall in no event be liable to the Lenders or the Issuing Bank or to any of them for any action taken or omitted to be taken by them pursuant instructions received by them from the Required Lenders, Required Revolving Credit Lenders, Term Lender, or Required Supermajority Revolving Credit Lenders, as applicable, or in reliance upon the advice of counsel selected by it.

• The Agents and their respective directors, officers, agents and employees shall in no event be liable to the Lenders or the Issuing Bank or to any of them for any action taken or omitted to be taken by them pursuant to instructions received by them from the Required Lenders, Required Revolving Credit Lenders, Term Loan Agent, or Required Supermajority Revolving Credit Lenders, as applicable, or in reliance upon the advice of counsel selected by it.

• The Collateral Agent and the Administrative Agent reserve the right, at any time and from time to time after the Closing Date, to adjust the applicable Advance Rate with respect to Eligible Property, Plant and Equipment, in their collective reasonable credit judgment, subject to the approval of Supermajority Revolving Credit Lenders in the case of adjustments, new criteria or changes in the applicable Advance Rate which have the effect of making more credit available.

• The Agents and their respective directors, officers, agents and employees shall in no event be liable to the Lenders or the Issuing Bank or to any of them for any action taken or omitted to be taken by them pursuant instructions received by them from the Required Lenders, Required Revolving Credit Lenders, or Required Supermajority Revolving Credit Lenders, as applicable, or in reliance upon the advice of counsel selected by it.

More Definitions of Supermajority Revolving Credit Lenders

Supermajority Revolving Credit Lenders means, collectively, Revolving Credit Lenders having more than 66.67% of the aggregate outstanding amount of the Revolving Credit Commitments or, after the Revolving Credit Termination Date, more than 66.67% of the aggregate Revolving Credit Outstandings; provided that the unused Revolving Credit Commitment of, and the portion of the Loans and outstanding Letters of Credit held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Supermajority Revolving Credit Lenders.

Supermajority Revolving Credit Lenders. Prior to termination of the Revolving Credit Commitments, Revolving Credit Lenders (other than Delinquent Lenders) holding 66 2/3% or more of the Revolving Credit Commitments (other than any Revolving Credit Commitments held by Delinquent Lenders). After termination of the Revolving Credit Commitments, Revolving Credit Lenders (other than Delinquent Lenders) holding 66 2/3% or more of the Liabilities (other than any Liabilities held by Delinquent Lenders).

Supermajority Revolving Credit Lenders. Unanimous Consent"

Supermajority Revolving Credit Lenders means, at any time, Lenders owed or holding at least 80% in interest of the sum of (a) the aggregate principal amount of the Revolving Credit Advances outstanding at such time, (b) the aggregate Available Amount of all Letters of Credit outstanding at such time, and (c) the aggregate Unused Revolving Credit Commitment at such time; provided, however, that if any Lender shall be a Defaulting Lender at such time, there shall be excluded from the determination of Required Lenders at such time (A) the aggregate principal amount of the Revolving Credit Advances owing to such Lender (in its capacity as a Lender) and outstanding at such time, (B) such Lender's Pro Rata Share of the aggregate Available Amount of all Letters of Credit issued by such Lender and outstanding at such time, and (C) the Unused Revolving Credit Commitment of such Lender at such time. For purposes of this definition, the aggregate amount of Swing Line Advances owing to any Swing Line Lender, the aggregate principal amount of Letter of Credit Advances owing to the Issuing Banks and the Available Amount of each Letter of Credit shall be considered to be owed to the Lenders ratably in accordance with their respective Revolving Credit Commitments.

Supermajority Revolving Credit Lenders means, (a) at any time while no Loans or LC Exposure is outstanding, Revolving Credit Lenders having greater than 90% of the Aggregate Maximum Revolving Credit Amounts; and (b) at any time while any Revolving Loans or LC Exposure is outstanding, Revolving Credit Lenders holding greater than 90% of the outstanding aggregate principal amount of the Revolving Loans and participation interests in Letters of Credit (without regard to any sale by a Lender of a participation in any Loan under Section 12.04(c)); provided that the Maximum Revolving Credit Amounts, the Revolving Credit Commitments and the principal amount of the Loans and participation interests in Letters of Credit of the Defaulting Lenders (if any) shall be excluded from the determination of Supermajority Revolving Credit Lenders.

Supermajority Revolving Credit Lenders means, (a) at any time while no Loans or LC Exposure is outstanding, Revolving Credit Lenders having greater than eighty percent (80%) of the Aggregate Maximum Revolving Credit Amounts; and (b) at any time while any Revolving Loans or LC Exposure is outstanding, Revolving Credit Lenders holding greater than eighty percent (80%) of the outstanding aggregate principal amount of the Revolving Loans and participation interests in Letters of Credit (without regard to any sale by a Lender of a participation in any Loan under Section 12.04(c)); provided that the Maximum Revolving Credit Amounts and the principal amount of the Loans and participation interests in Letters of Credit of the Defaulting Lenders (if any) shall be excluded from the determination of Supermajority Revolving Credit Lenders.

Supermajority Revolving Credit Lenders. Revolving Credit Lenders (other than Delinquent Revolving Credit Lenders) holding 66-2/3% or more of the Loan Commitments which support the Revolving Credit (other than such Loan Commitments held by a Delinquent Revolving Credit Lender).