Examples of Majority Revolving Lenders in a sentence
The Administrative Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Credit Document unless it shall first receive such advice or concurrence of the Majority Revolving Lenders, the Majority Term Loan Lenders, or the Majority Lenders as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action.
Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 10.1 and in the definitions of Majority Revolving Lenders, Majority Term Lenders and Required Lenders.
Section 4.25(b) defines “Additional Lender” as a lender 4 Upon taking assignment of the revolving loan commitments as provided herein, the New Revolving Lenders will hold in excess of 50% of all commitments under the Revolving Credit Facility and, therefore, will constitute the Majority Revolving Lenders under the Credit Agreement.
The Credit Agreement defines the Majority Revolving Lenders as a majority (by value) of those lenders obligated to make Revolving Credit Loans.
The Administrative Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless it shall first receive such advice or concurrence of the Majority Revolving Lenders (or, if so specified by this Agreement, all Lenders) as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action.