Common use of Required Lenders Clause in Contracts

Required Lenders. As of any date, the Lenders holding Revolving Credit Exposures and unused Commitments representing more than fifty percent (50%) of the sum of the total Revolving Credit Exposures and unused Commitments, in each case, at such time; provided that the Commitment of, the portion of the Revolving Exposures held or deemed held by, any Delinquent Lender shall be excluded for purposes of making a determination of Required Lenders.

Appears in 4 contracts

Samples: Revolving Credit Agreement (CAI International, Inc.), Assignment and Assumption (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.)

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Required Lenders. As of any date, the Lenders holding holding, in aggregate, Revolving Credit Exposures and unused Commitments representing more than fifty percent (50%) of the sum of the total Revolving Credit Exposures and unused Commitments, in each case, at such time; provided that the Commitment of, the portion of the Revolving Exposures held or deemed held by, any Delinquent Lender shall be excluded for purposes of making a determination of Required Lenders.

Appears in 1 contract

Samples: Revolving Credit Agreement (CAI International, Inc.)

Required Lenders. As of any date, the Lenders holding Revolving Credit Term Exposures and unused Commitments representing more than fifty percent (50%) of the sum of the total Revolving Credit Term Exposures and unused Commitments, in each case, at such time; provided that the Commitment of, and the portion of the Revolving Exposures outstanding Principal Balances held or deemed held by, any Delinquent Lender shall be excluded for purposes of making a determination of Required Lenders.

Appears in 1 contract

Samples: Term Loan Agreement (CAI International, Inc.)

Required Lenders. As of any date, the Lenders holding holding, in aggregate, Revolving Credit Exposures and unused Commitments representing more than fifty percent (50%) of the sum of the total Revolving Credit Exposures and unused Commitments, in each case, at such time; provided that the Commitment of, the portion of the Revolving Credit Exposures held or deemed held by, any Delinquent Lender shall be excluded for purposes of making a determination of Required Lenders.

Appears in 1 contract

Samples: Revolving Credit Agreement (CAI International, Inc.)

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Required Lenders. As of any date, the Lenders holding having Revolving Credit Exposures and unused Commitments representing more than fifty percent (50%) of the sum of the total Revolving Credit Exposures and unused Commitments, in each case, Commitments at such time; provided that if, at the Commitment oftime Required Lenders is being determined, the portion Commitments shall have terminated in full, then the outstanding Loans of the Revolving Exposures held or deemed held by, any Delinquent Lender Lenders shall be excluded for purposes of making a determination of included in their respective Revolving Credit Exposures in determining the Required Lenders.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (Borders Group Inc)

Required Lenders. As of any date, the Lenders holding having Revolving Credit Exposures and unused Commitments representing more than fifty percent at least fifty-one (5051%) of the sum of the total Revolving Credit Exposures and unused Commitments, in each case, Commitments at such time; provided that if, at the Commitment oftime Required Lenders is being determined, the portion Commitments shall have terminated in full, then the outstanding Loans of the Revolving Exposures held or deemed held by, any Delinquent Lender Lenders shall be excluded for purposes of making a determination of included in their respective Revolving Credit Exposures in determining the Required Lenders.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (Borders Group Inc)

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