Requisite Term Lenders definition

Requisite Term Lenders means, as of the date of determination, Consenting Term Lenders holding at least a majority in aggregate principal amount outstanding of the Term Loans held by the Consenting Term Lenders as of such date.

Requisite Term Lenders means Lenders holding more than 50% of the aggregate principal amount of the Term Loan then outstanding.

Requisite Term Lenders means, collectively, Term Lenders having more than 50% of the aggregate outstanding amount of the Term Loan Commitments or, after the Closing Date, more than fifty percent (50%) of the principal amount of all Term Loans then outstanding.

Examples of Requisite Term Lenders in a sentence

• Without limiting the foregoing, no Lender shall have any right of action whatsoever against Agent as a result of Agent acting or refraining from acting hereunder or under any other Loan Document in accordance with the instructions of Requisite Lenders, Requisite Revolving Lenders, Requisite Term Lenders or all affected Lenders, as applicable.

• The Instructing Group and the Last Out Requisite Term Lenders shall be satisfied with the terms of the Fourth Amendment and Canadian Forbearance Agreement and it shall have been executed and delivered by the Borrower, Accuride Canada, each other Loan Party, each of the Prepetition Lenders required to be party thereto and the Prepetition Administrative Agent.

• This Agreement may be terminated by mutual agreement of the Company and the Requisite Term Lenders upon the receipt of written notice delivered in accordance with Section 19 hereof.

• The Administrative Agent shall have received from each of Holdings, the Company, the Required Lenders and the Requisite Term Lenders (defined below) a counterpart hereof signed by such party or facsimile or other written confirmation (in form reasonably satisfactory to the Administrative Agent) that such party has signed a counterpart hereof.

• Upon receipt of any such notice of resignation, (x) with respect to the Revolving Facility and the LC Facility, the Requisite Liquidity Lenders and (y) with respect to the Term Facility, the Requisite Term Lenders shall have the right, in consultation with the Borrowers, to appoint a successor, which shall be a bank (other than a Defaulting Lender) with an office in the United States of America, or an Affiliate of any such bank with an office in the United States of America.

More Definitions of Requisite Term Lenders

Requisite Term Lenders means, collectively, Term Lenders having more than 50% of the principal amount of all Term Loans then outstanding. A Defaulting Lender or Affiliated Lender shall not be included in the calculation of “Requisite Term Lenders”.

Requisite Term Lenders means, at any time, Lenders having Term Exposure representing at least a majority of the sum of the Term Exposure of all Lenders at such time.

Requisite Term Lenders means Lenders having more than 66 2/3% of the aggregate outstanding amount of the Term Loan.

Requisite Term Lenders means (a) solely with respect to funding of the Additional Term Loan, Lenders having more than 50% of the aggregate principal amount of the Additional Term Loan Commitment and (b) thereafter, Lenders holding more than 50% of the aggregate principal amount of the Term Loan then outstanding.

Requisite Term Lenders means each of the Requisite Tranche A Lenders and the Requisite Tranche B Lenders.

Requisite Term Lenders means Term Lenders under the Credit Agreement holding a majority of the aggregate principal amount of outstanding Term Loans.

Requisite Term Lenders means, at any time, Lenders having Term Exposure representing at least a majority of the sum of the Term Exposure of all Lenders at such time. “Responsible Officer” means, with respect to any Person, any of the principal executive officers, managing members, managing directors or general partners of such Person but, in any event, with respect to financial matters, the chief financial officer, treasurer, assistant treasurer or controller of such Person.