Unanimous Lenders definition

Unanimous Lenders means (a) all of the Lenders under Facility A, (b) all of the Lenders under Facility B, (c) all of the Lenders under Facility C and (d) all of the Lenders under Facility D.

Unanimous Lenders means all Non-Defaulting Lenders in the aggregate having one hundred percent (100%) of the Aggregate Outstanding Credit Exposure and Aggregate Available Commitment held by all the Non-Defaulting Lenders.

Unanimous Lenders. All of the Lenders (including Agent, but not including the participation of any of the Lenders which Agent has determined to be in default), collectively.

Examples of Unanimous Lenders in a sentence

• No Lender shall bring legal proceedings against the Borrower or any other Person hereunder under any Security or under any other Documents or in connection herewith or therewith, or exercise any right arising hereunder or thereunder or in connection herewith or therewith over the property and assets of the Borrower or any other Person, without the prior written consent of the Unanimous Lenders.

• The Agent shall not be obligated to take any legal proceedings against the Borrower or any other Person for the recovery of any amount due under this Agreement or the Security, unless instructed to do so by, as applicable, the Majority Lenders or the Unanimous Lenders.

• The conditions stated in Sections 8.1 and 8.2 are inserted for the sole benefit of the Agent and the Lenders and the conditions stated therein may only be waived by the Agent with the consent of the Unanimous Lenders, in whole or in part, with or without terms or conditions, in respect of all or any portion of the Advances, without affecting the right of the Lenders to assert terms and conditions in whole or in part in respect of any other Advance.

• Each Loan Party hereby (a) affirms and confirms its guarantees, pledges, grants and other undertakings under the Credit Agreement, the Security Agreement and the other Loan Documents to which it is a party, and (b) agrees that all guarantees, pledges, grants and other undertakings thereunder shall continue to be in full force and effect and shall accrue to the benefit of the Secured Parties, including the Unanimous Lenders.

• The conditions stated in Section 7.1 immediately above are inserted for the sole benefit of the Agent, the US Security Agent and the Lenders and may only be waived by the Unanimous Lenders, in whole or in part, with or without terms or conditions.

More Definitions of Unanimous Lenders

Unanimous Lenders means, at any time, all Lenders.

Unanimous Lenders means all Lenders then holding a direct interest in the Loan; provided that in determining such percentage at any given time, all then existing Defaulting Lenders will be disregarded and excluded.

Unanimous Lenders means (a) all of the Lenders under Facility A, (b) all of the Lenders under Facility B and (c) all of the Lenders under Facility C.

Unanimous Lenders means, as of any date of determination, Lenders holding 100% of the Aggregate Commitments or, if the commitment of each Lender to make Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 8.02, Lenders holding in the aggregate 100% of the Total Outstandings (with the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations being deemed “held” by such Lender for purposes of this definition); provided that the Commitment of, and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Unanimous Lenders.

Unanimous Lenders set forth in Section 1.1 of the Credit Agreement are hereby amended and restated in their entirety, to read as follows:

Unanimous Lenders means Lenders having, in the aggregate, one hundred percent (100%) of the total Commitments under the Master Line.

Unanimous Lenders means, as of any date of determination, Lenders holding 100% of the Aggregate Commitments or, if the Commitment of each Lender to make Loans have been terminated pursuant to Section 8.02, Lenders holding in the aggregate 100% of the Obligations; provided that the Commitment of, and the portion of the Obligations held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Unanimous Lenders.