Term Loan Required Lenders definition

Term Loan Required Lenders means the “Required Lenders” (or such similar term) to be defined in the Term Loan Agreement.

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Term Loan Required Lenders means the number of, or percentage of, Term Loan Lenders required, under the Indenture, to approve or consent to the relevant action; provided that the Trustee shall, subject to the terms of the Indenture, direct any action or direct the refraining from taking any action on behalf of such Term Loan Required Lenders.

Term Loan Required Lenders means the “Required Lenders” under and as defined in the Term Loan Agreement. “Term Loan Secured Parties” means the Term Loan Agent and the Term Loan Lenders. “Trustee” has the meaning set forth in the recitals to this Agreement. “UCC” means the Uniform Commercial Code as in effect from time to time in the State of New York or when the context implies, the Uniform Commercial Code as in effect from time to time in any other applicable jurisdiction. “Work Area” has the meaning set forth in the preamble to this Agreement.

Examples of Term Loan Required Lenders in a sentence

• No amendment or waiver of any provision of this Agreement, and no consent to any departure by any Person from the terms hereof, shall in any event be effective unless it is in writing and signed by the Term Loan Agent (with the consent of the Term Loan Required Lenders under the terms of the Term Loan Credit Agreement) and the Revolving Agent (with the consent of the Revolving Loan Required Lenders under the terms of the Revolving Loan Credit Agreement).

• The Collateral Agent shall only (i) act with respect to the Revolver Priority Collateral pursuant to an Authorized Revolver Act and (ii) act with respect to the Term Loan Priority Collateral pursuant to an Act of Term Loan Required Lenders.

• If the Collateral Agent, acting pursuant to an Act of Term Loan Required Lenders, forecloses or otherwise sells any of such Mortgaged Property, the Collateral Agent will notify the buyer thereof of the existence of this Agreement and obtain a written acknowledgement from such buyer, in form and substance satisfactory to the Revolver Agent, that the buyer is acquiring such Mortgaged Property subject to the access rights of the Revolver Agent under this Section 4.6.

• The Collateral Agent ((x) if with respect to Collateral (other than the Term Loan Exclusive Mortgaged Property), pursuant to an Act of Required Lenders and (y) if with respect to Term Loan Exclusive Mortgaged Property, pursuant to an Act of Term Loan Required Lenders) agrees to execute and deliver to the Grantors such termination statements, releases and other documents as the Grantors may request to effectively confirm such release.

• The Company hereby acknowledges and agrees that the Term Loan Required Lenders shall be express third party beneficiaries of the terms of this Section and that the Required Term Loan Lenders shall be entitled to enforce their rights under this Section directly.

More Definitions of Term Loan Required Lenders

Term Loan Required Lenders means the “Required Lenders” as defined in the Term Loan Agreement or any corresponding definition thereunder. “Term Loan Secured Parties” means the Term Loan Agent and all other holders of the Term Loan Obligations.