Majority Revolving Credit Banks means all Revolving Credit Banks).
Majority Revolving Credit Banks means (a) so long as the Revolving Credit Aggregate Commitment is outstanding hereunder, at any time Revolving Credit Banks holding not less than 66.66% of the aggregate principal amount of the Revolving Credit Aggregate Commitment and (b) if the Revolving Credit Aggregate Commitment has been terminated, at any time Revolving Credit Banks holding not less than 66.66% of the aggregate principal amount of the Indebtedness then outstanding under the Revolving Credit (provided that, for purposes of determining Majority Revolving Credit Banks hereunder, Indebtedness outstanding under the Swing Line or under any Letter of Credit shall be allocated among the Revolving Credit Banks based on their respective Revolving Credit Percentages; provided however that so long as there are fewer than three Revolving Credit Banks, "Majority Revolving Credit Banks" shall mean all Revolving Credit Banks).
Majority Revolving Credit Banks. Majority Term Loan Banks", "Lender" or "Required Lenders", or modify in any other manner the number or percentage of the Banks required to make any determinations or waive any rights hereunder or to modify any provision hereof or thereof without the consent of all of the Banks and any amendment, modification or waiver of the definition of the terms "Lender" and "Required Lenders" or other modification of the number or percentage of the Lenders required to make any determinations to be made by any or all of the Lenders or waive any rights in favor of the Lenders or modifying any provision thereof shall also require the consent of all of the Lenders; (ii) any amendment, modification or waiver of (a) any of the conditions precedent specified in Section 6.02 hereof with respect to the making of Revolving Credit Loans shall require the consent of the Majority Revolving Credit Banks and (b) any of the conditions precedent to the making of any Series of PAD Loans other than the requirements of Sections 2.01(e) hereof shall require only the consent of Banks holding at least 60% of the related Series of PAD Commitments for such PAD Loans; and (iii) any amendment of Section 10 hereof, or which alters the rights or obligations of the Agent hereunder or under any of the other Credit Documents, shall require the consent of the Agent.
Examples of Majority Revolving Credit Banks in a sentence
If any other Event of Default shall have occurred, the Agent, upon the election of the Majority Revolving Credit Banks, may by notice to the Borrower terminate the obligation to make Revolving Credit Loans to the Borrower or to issue Letters of Credit for the account of the Borrower or upon the election of the Swing Line Bank may terminate the obligation to make Swing Line Loans to the Borrower.
Except as otherwise provided in this Section 2.03(b), no Money Market Quote Request shall be given within five Business Days (or such other number of days as the Company and the Administrative Agent, with the consent of the Majority Revolving Credit Banks, may agree) of any other Money Market Quote Request.
The Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement in accordance with a request of the Majority Revolving Credit Banks (or, where required, all of the Revolving Credit Banks), and such request and any action taken or failure to act pursuant thereto shall be binding upon the Revolving Credit Banks and all future holders of the Notes or of a Letter of Credit Participation.
If any other Event of Default shall have occurred, the Agent, upon the election of the Majority Revolving Credit Banks, may by notice to the Borrower terminate the obligation to make Revolving Credit Loans to the Borrower or to issue Letters of Credit for the account of the Borrower or upon the election of the Swing Line Lender may terminate the obligation to make Swing Line Loans to the Borrower.
More Definitions of Majority Revolving Credit Banks
Majority Revolving Credit Banks means, at any time, Revolving Credit Banks having unused Revolving Credit Commitments and Revolving Credit Exposures representing greater than 50% of the sum of all unused Revolving Credit Commitments and Revolving Credit Exposures.
Majority Revolving Credit Banks. Majority Term Loan Banks" or this Section 14.11; provided, further, that notwithstanding the foregoing, (v) the definition of "Permitted Borrower" may be amended and the Revolving Credit Maturity Date may be extended with the consent of all of the Revolving Credit Banks and (w) any date fixed for payment of principal of or interest on any Term Loan may be postponed or extended with the consent of all the applicable Term Loan Banks; and provided further, that no amendment, waiver or consent shall, unless in writing signed by the Swing Line Bank, do any of the following: (x) reduce the principal of, or interest on, the Swing Line Note or (y) postpone any date fixed for any payment of principal of, or interest on, the Swing Line Note; and provided further, however, that no amendment, waiver, or consent shall, unless in writing and signed by the Agent in addition to all the Banks, affect the rights or duties of the Agent under this Agreement or any other Loan Document. All references in this Agreement to "Banks" or "the Banks" shall refer to all Banks, unless expressly stated to refer to Majority Banks.
Majority Revolving Credit Banks means Revolving Credit Banks having at least 60% of the sum of (a) the aggregate unused amount of the Revolving Credit Commitments at such time PLUS (b) the aggregate outstanding principal amount of the Revolving Credit Loans at such time or, if the Revolving Credit Commitments have terminated, Revolving Credit Banks holding at CREDIT AGREEMENT least 60% of the aggregate outstanding principal amount of the Revolving Credit Loans.
Majority Revolving Credit Banks or "Supermajority Banks", which shall be required for the Banks or any of them to take any action under this Section or any other provision of this Agreement.
Majority Revolving Credit Banks. As of any date, (a) if there are two (2) or fewer Revolving Credit Banks, all Revolving Credit Banks, and (b) if there are three (3) or more Revolving Credit Banks, (i) the Revolving Credit Banks holding at least 51% of the outstanding principal amount of the Revolving Credit Notes on such date, and (ii) if no such principal is outstanding, the Revolving Credit Banks whose aggregate Exit Commitments constitute at least 51% of the Total Exit Commitment."
Majority Revolving Credit Banks means (a) so long as the Revolving Credit Aggregate Commitment is outstanding hereunder, at any time Revolving Credit Banks holding not less than 51% of the aggregate principal amount of the Revolving Credit Aggregate Commitment and (b) if the Revolving Credit Aggregate Commitment has been terminated at any time Revolving Credit Banks holding not less than 51% of the aggregate principal amount of the Indebtedness (such Indebtedness not including Advances made by any Bank after either the receipt by the Agent of written notice as provided in the last paragraph of Section 2.3 of this Agreement or the termination of the Revolving Credit Aggregate Commitment) then outstanding under the Revolving Credit (provided that, for purposes of determining Majority Revolving Credit Banks hereunder, Indebtedness outstanding under the Swing Line or under any Letter of Credit be allocated among the Revolving Credit Banks based on their respective Revolving Credit Percentages, provided however that so long as there are fewer than three Revolving Credit Banks, considering any Revolving Credit Bank and its Affiliates as a single Revolving Credit Bank, “Majority Revolving Credit Banks” shall mean all Revolving Credit Banks).
Majority Revolving Credit Banks means Revolving Credit Banks having at least 66-2/3% of the aggregate amount of the Revolving Credit Commitments or, if the Revolving Credit Commitments shall have terminated, Banks holding at least 66-2/3% of the sum of (a) aggregate unpaid principal amount of the Revolving Credit Loans plus (b) the aggregate unpaid principal amount of the Money Market Loans plus (c) the aggregate amount of all Letter of Credit Liabilities in respect of Revolving Letters of Credit.