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.
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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.
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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).

  • 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 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.

  • Lenders having more than 50% of the aggregate outstanding amount of the Term Loan on such date of determination provided, that for so long as Metropolitan holds any Term Loan, Required Lenders shall include Metropolitan.

  • 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” 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.
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Related to Term Loan Required Lenders

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

  • Term Loan Lenders means the lenders from time to time party to the Term Loan Agreement.

  • 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.

  • 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.

  • Term Loan Agent means “Term Loan Agent” as defined in the Intercreditor Agreement.

  • Term Loan Lender means a Lender with a Term Loan Commitment or a Term Loan.

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

  • Revolver Extension Request has the meaning set forth in Section 2.16(b).

  • 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 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.

  • 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).

  • 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.

  • 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.

  • Specified Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • 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.

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Refinancing Revolving Credit Commitments means one or more Classes of Revolving Credit Commitments hereunder that result from a Refinancing Amendment.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).