Supermajority Term Lenders definition

Supermajority Term Lenders means, at any time, Lenders holding Term Exposure with an aggregate principal amount of at least 66 2/3% of the sum of all Term Exposure outstanding at such time; provided, that the Term Exposure of any Defaulting Lender shall be excluded for purposes of making a determination of Supermajority Term Lenders.
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Supermajority Term Lenders means, as of any date of determination, Term Lenders holding at least sixty-six and two-thirds percent (66 2/3%) of the Term Loans.
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Supermajority Term Lenders means Lenders having (a) 66-2/3% or more of the Term Loan Commitments of all Lenders, or (b) if the Term Loan Commitments have been terminated, 66-2/3% or more of the aggregate outstanding amount of the Term Loan.
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Examples of Supermajority Term Lenders in a sentence

  • Any action to be taken by the Term Lenders pursuant to this Agreement shall require the approval of the Required Term Lenders or Supermajority Term Lenders, as provided herein.

  • Without limiting the foregoing, no Lender shall have any right of action whatsoever against Agent as a result of Agent acting or refraining from acting hereunder or under any other Loan Document in accordance with the instructions of Requisite Lenders, Requisite Term Lenders, Supermajority Term Lenders or all affected Lenders, as applicable.

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


More Definitions of Supermajority Term Lenders

Supermajority Term Lenders means Lenders having (a) 80% or more of the Term Loan Commitments of all Lenders, or (b) if the Term Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Term Loans and Letter of Credit Obligations.
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Supermajority Term Lenders means Term Lenders having more than 66 2/3% of the aggregate outstanding amount of the Term Loan.
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Supermajority Term Lenders means (i) at any time prior to the Effective Date, Lenders holding more than 66-2/3% of the aggregate amount of the Term Commitments which would be adversely affected by any amendment, waiver or consent contemplated by clause (G)(y) of the proviso to subsection 11.l(a)(v), and (ii) at any time after the Effective Date, Lenders holding more than 66-2/3% of the aggregate amount of the outstanding Term Loans of the Lenders of the Term Loan Facility which would be adversely affected by any amendment, waiver or consent contemplated by clause (G)(y) of the proviso to subsection 11.l(a)(v).
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Supermajority Term Lenders means, at any time, Lenders holding Term Exposure with an aggregate principal amount of at least 66 2/3% of the sum of all Term Exposure outstanding at such time; provided that the Term Exposure of any Defaulting Lender shall be excluded for purposes of making a determination of Supermajority Term Lenders.
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Supermajority Term Lenders means, at any time,
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Related to Supermajority Term Lenders

  • Majority Term Lenders at any time, (a) if only one Term Lender holds the Term Loan, such Term Lender; and (b) if more than one Term Lender holds the Term Loan, at least two Term Lenders who hold more than 50% of the principal sum of all Term Loans outstanding; provided that the portion of the Term Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Term Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Supermajority Lenders means Lenders having (a) 66.67% or more of the Commitments of all Lenders, or (b) if the Commitments have been terminated, 66.67% or more of the aggregate outstanding amount of the Revolving Credit Advances.

  • 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.

  • Requisite Term Loan Lenders shall in no event mean less than two Term Loan Lenders.

  • 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).

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

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.

  • 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.

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

  • Supermajority means, with respect to any Class of Notes, the holders of at least 66-2/3% of the Aggregate Outstanding Amount of the Notes of such Class.

  • 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.

  • Super Majority Lenders means at any time a Lender or group of Lenders whose Commitments aggregate more than 80% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 80% of the Total Commitments immediately prior to that reduction).

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

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

  • Tranche B Term Lender each Lender that has a Tranche B Term Commitment or that holds a Tranche B Term Loan.

  • Majority Lenders means a Lender or Lenders whose Commitments aggregate more than sixty six and two thirds per cent (66 2/3%) of the aggregate of all the Commitments.

  • Supermajority Vote means the affirmative vote of at least seventy-five percent (75%) of the Members.

  • Term Lenders means those Lenders having Term Loan Commitments.

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

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

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the 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 Lenders means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than 50% of the aggregate Revolving Credit Exposures and unused Commitments at such time.

  • Tranche A Term Lender each Lender that has a Tranche A Term Commitment or that holds a Tranche A Term Loan.

  • Incremental Lenders has the meaning set forth in Section 2.14(c).