Existing Required Lenders definition

Existing Required Lenders means the “Required Lenders” under and as defined in the Existing 364-Day Credit Agreement.
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Existing Required Lenders means, at any time, Lenders which are then in compliance with their obligations hereunder (as determined by the Agent) and holding in the aggregate at least sixty-six and two-thirds percent (66 2/3%) of (i) the sum of all Existing Commitments or (ii) if all the Existing Commitments have been terminated, the outstanding Original Term Loans, Revolving Loans and participation interests (including the participation interests of the Issuing Bank in any Letters of Credit).
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Existing Required Lenders means the “Required Lenders” under and as defined in the Existing Three Year Credit Agreement. “Existing Three Year Credit Agreement” has the meaning assigned to such term in the recitals hereto.
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Examples of Existing Required Lenders in a sentence

  • The Agent may, with the consent of the Existing Required Lenders or Term B Required Lenders, as applicable, either (a) apply the proceeds realized from Asset Losses, as set forth in Section 2.3(b)(vi) or (b) pay such proceeds to the applicable Borrower or the applicable Subsidiary to be used to repair, replace or rebuild the asset or property or portion thereof that was the subject of the Asset Loss.

  • Without limiting the foregoing, no Lender shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder in accordance with the instructions of the Aggregate Required Lenders, the Existing Required Lenders or the Term B Required Lenders, as applicable, or each of the Lenders, as the case may be.

  • The Agent shall have the right to request instructions from the Aggregate Required Lenders, the Existing Required Lenders or the Term B Required Lenders, as applicable, or, as required, each of the Lenders.

  • The Existing Required Lenders shall have consented to the Agreement.

  • The Existing Required Lenders hereby waive any requirement of prior notice of such Specified Prepayment.

  • The Existing Required Lenders hereby waive any requirement of prior notice of any such Commitment Reduction or any requirement that such Commitment Reduction be made ratably among the Existing Lenders or the Extending Lenders, as the case may be.

  • The Borrowers have requested and the Existing Required Lenders (as defined below) have agreed to amend certain provisions of the Existing Credit Agreement as set forth herein.

  • The Company, the Existing Issuing Banks, the Existing Required Lenders and the other financial institutions party hereto as Lenders desire to amend and restate the Existing Credit Agreement in the form of this Agreement.

  • Subject to the conditions set forth in Section 4 of this Third Amendment, effective as of the Signing Date, the Borrowers, the Administrative Agent, the Existing Issuing Bank, the Existing Swing Line Lender and the Existing Required Lenders agree as follows: 2 2.1 Consent to New Credit Facility.

  • The Administrative Agent is hereby authorized and directed to declare the occurrence of the New Facility Availability Date when it has received documents confirming compliance with the conditions set forth in this Section 5 or the waiver of such conditions as agreed to by the Existing Required Lenders pursuant to Section 10.02(b) of the Existing Credit Agreement.


More Definitions of Existing Required Lenders

Existing Required Lenders. Term B Required Lenders," "holders of Notes," or any similar terms shall, unless the context clearly otherwise indicates, include the Agent in its individual capacity. The Agent may accept deposits from, lend money to, acquire equity interests in, and generally engage in any kind of banking, trust, financial advisory or other business with one or more of the Borrowers or any affiliate of one or more of the Borrowers as if it were not performing the duties specified herein, and may accept fees and other consideration from the Borrowers for services in connection with this Credit Agreement and otherwise without having to account for the same with the Lenders.
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Existing Required Lenders means the “Required Lenders” under and as defined in the Existing Three Year Credit Agreement. “Existing Secured Obligations” shall mean the “Secured Obligations”, as such term is defined in the Collateral Trust Agreement. “Existing Three Year Credit Agreement” has the meaning assigned to such term in the recitals hereto.
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Related to Existing Required Lenders

  • Required Lenders means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than 50% of the sum of the total Revolving Credit Exposures and unused Commitments at such time.

  • Requisite Lenders means Lenders having (a) more than 50% of the Commitments of all Lenders, or (b) if the Commitments have been terminated, more than 50% of the aggregate outstanding amount of the Loans.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Existing Revolving Credit Agreement means that certain Revolving Credit Agreement, dated as of August 29, 2018, among the Borrower, the other borrowers party thereto, the lenders and letter of credit issuers from time to time party thereto and Xxxxx Fargo Bank, National Association, as administrative agent (as amended, restated, supplemented or otherwise modified from time to time).

  • Existing Lenders has the meaning specified in the recitals hereto.

  • Required Term Lenders means, as of any date of determination, Term Lenders holding more than 50% of the Term Facility on such date; provided that the portion of the Term Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term Lenders.