Tranche A Required Lenders definition

Tranche A Required Lenders means Tranche A Lenders having more than 50% of the Tranche A Revolving Commitments or, if the Tranche A Revolving Commitments have terminated, Tranche A Lenders holding more than 50% of the aggregate unpaid principal amount of the Tranche A Revolving Loans, Swing Line Loans, L/C Obligations and (without duplication) participations therein. The Tranche A Revolving Commitments of, and the outstanding Tranche A Revolving Loans, Swing Line Loans, L/C Obligations and (without duplication) participations therein held by, any Defaulting Lender shall be excluded for purposes of making a determination of Tranche A Required Lenders for as long as such Tranche A Lender is a Defaulting Lender.

Tranche A Required Lenders means, as of any date of determination, Tranche A Lenders holding in the aggregate greater than 50% of the Total Tranche A Term Outstandings; provided that the portion of the Total Tranche A Term Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Tranche A Required Lenders.

Tranche A Required Lenders shall in no event mean less than two Tranche A Lenders unless only two Tranche A Lenders are party to this Agreement and one of such Tranche A Lenders is a Defaulting Lender.

Examples of Tranche A Required Lenders in a sentence

• Except as otherwise provided in this Section 2.2, no Bid Loan Quote Request shall be given within five Business Days (or such other number of days as the Borrower and the Agent, with the consent of the Tranche A Required Lenders, may agree) of any other Bid Loan Quote Request.

• Each Bid Loan Quote by a Tranche A Lender other than the Agent must be submitted to the Agent by fax not later than 8:00 a.m. on the Funding Date (or such other time and date as the Borrower and the Agent, with the consent of the Tranche A Required Lenders, may agree); provided that any Bid Loan Quote may be submitted by the Agent, in its capacity as a Tranche A Lender, only if the Agent notifies the Borrower of the terms of the offer contained therein not later than 7:45 a.m. on the Funding Date.

• Where this Agreement expressly permits or prohibits an action unless the Tranche A Required Lenders, Tranche B Required Lenders, US Required Lenders, US Majority Lenders or all Lenders otherwise determine, the US Agent shall, and in all other instances, the US Agent may, but shall not be required to, initiate any solicitation for the consent or a vote of the Lenders.

• US Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with a request or consent of the Tranche A Required Lenders, Tranche B Required Lenders, US Required Lenders, US Majority Lenders or all Lenders, if required hereunder, and such request and any action taken or failure to act pursuant thereto shall be binding upon all Lenders and participants.

• The Borrower shall use commercially reasonable efforts to maintain a public and/or, at the Direction of the Tranche A Required Lenders, private corporate credit rating (but not any specific rating) from by S&P and Xxxxx’x.

More Definitions of Tranche A Required Lenders

Tranche A Required Lenders means, as of any date of determination, Tranche A Lenders holding in the aggregate in excess of 66 and 2/3% of the aggregate Tranche A Loans; provided that the portion of the Tranche A Loans held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of the Tranche A Required Lenders; provided further that at all times when two or more Tranche A Lenders are party to this Agreement, the term “Tranche A Required Lenders” shall in no event mean less than two Tranche A Lenders unless only two Tranche A Lenders are party to this Agreement and one of such Tranche A Lenders is a Defaulting Lender.

Tranche A Required Lenders means Tranche A Lenders whose aggregate Tranche A Percentage Shares equal or exceed fifty percent (50%)."

Tranche A Required Lenders means, at any time when no Tranche A Loans are outstanding, Tranche A Lenders whose Percentage Shares of all Tranche A Commitments total at least sixty-six and two-thirds percent (66 2/3%) of all Tranche A Commitments and at any time when Tranche A Loans are outstanding, Tranche A Lenders holding at least sixty-six and two-thirds percent (66 2/3%) of the aggregate principal amount of all Tranche A Loans outstanding (without regard to any sale of a participation in any Loan).

Tranche A Required Lenders means Tranche A Lenders whose aggregate Tranche A Percentage Shares equal or exceed fifty percent (50%).

Tranche A Required Lenders means at any time Lenders owed or holding at least a majority in interest of the sum of the aggregate principal amount of the Tranche A Term Advances outstanding at such time, or, if no such principal amount is outstanding at such time, Lenders holding at least a majority in interest of the aggregate of the Tranche A Term Commitments (provided that, for purposes hereof, neither the Borrower, nor any of its Affiliates, if a Lender, shall be included in (x) the Lenders holding such amount of the Tranche A Term Advances or having such amount of the Tranche A Term Commitments or (y) determining the aggregate unpaid principal amount of the Tranche A Term Advances or the total Tranche A Term Commitments); provided, however, that if any Lender shall be a Defaulting Lender at such time, there shall be excluded from the determination of Tranche A Required Lenders at such time (i) the aggregate principal amount of the Tranche A Term Advances owing to such Lender (in its capacity as a Lender) and outstanding at such time and (ii) the aggregate unused portion of the Tranche A Term Commitments of such Lender at such time.

Tranche A Required Lenders means, at any time, Lenders holding in the aggregate more than 50% of (a) the unfunded Tranche A Revolving Commitments and the outstanding Tranche A Revolving Loans or (b) if the Tranche A Revolving Commitments have been terminated, the outstanding Tranche A Revolving Loans. The unfunded Tranche A Revolving Commitments of, and the outstanding Tranche A Revolving Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Tranche A Required Lenders.

Tranche A Required Lenders means, as of any date of determination, Tranche A Lenders having more than 66 2/3% of the Total Tranche A Term Commitments or, if the Commitment of each Lender to make Tranche A Loans has been terminated pursuant to the terms hereof, Lenders holding in the aggregate at least 66 2/3% of the Total Tranche A Term Outstandings; provided that the Commitment of, and the portion of the Total Tranche A Term Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Tranche A Required Lenders.