Required Delayed Draw Lenders means at any time Lenders holding at least a majority of the sum of the aggregate unused Delayed Draw Commitments; provided that the Delayed Draw Commitments of any Defaulting Lender shall be excluded for purposes of making a determination of Required Delayed Draw Lenders
Required Delayed Draw Lenders means, at any date, any combination of Term Loan Lenders holding more than fifty percent (50%) of the aggregate amount of the Term Loan Commitment with respect to the Delayed Draw Term Loans or, if such Term Loan Commitment has been terminated, any combination of Term Loan Lenders holding more than fifty percent (50%) of the aggregate outstanding Delayed Draw Term Loans; provided that the Term Loan Commitment of, and the portion of the Delayed Draw Term Loan, as applicable, held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Delayed Draw Lenders.
Required Delayed Draw Lenders means, at any time, Lenders having Initial Delayed Draw Term Loan Commitments representing more than 50% of the Initial Delayed Draw Term Loan Commitments.
Examples of Required Delayed Draw Lenders in a sentence
No Lender shall have any right of action whatsoever against any Agent as a result of such Agent acting or (where so instructed) refraining from acting hereunder or any of the other Credit Documents in accordance with the instructions of the Required Lenders, the Required Revolving Lenders or the Required Delayed Draw Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders).
Neither the Administrative Agent nor the Collateral Agent will be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Credit Document or (ii) pursuant to instructions from the Required Lenders, the Required Revolving Lenders or the Required Delayed Draw Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders).
More Definitions of Required Delayed Draw Lenders
Required Delayed Draw Lenders means, as of any date of determination, Lenders having or holding more than 50% of the sum of the aggregate Delayed Draw Commitments and Delayed Draw Term Loans then outstanding; provided that the unused Delayed Draw Commitments of and the outstanding Delayed Draw Term Loans held by (x) any Defaulting Lender shall be excluded for purposes of making a determination of Required Delayed Draw Lenders and (y) any Affiliate Lenders (other than Debt Fund Affiliates) shall be deemed to have voted in the same proportion as Lenders that are not Affiliate Lenders vote on such matter.
Required Delayed Draw Lenders means, as of any date of determination, one or more Lenders having or holding Delayed Draw Term Loan Exposure representing more than 50% of the aggregate Delayed Draw Term Loan Exposure of all of the Lenders; provided, that the Delayed Draw Term Loan Exposure of any Defaulting Lender shall be disregarded in determining Required Delayed Draw Lenders at any time.
Required Delayed Draw Lenders means, at any time, Lenders having Initial Delayed Draw Term Loan Commitments representing more than 50% of the Initial Delayed Draw Term Loan Commitments at such time; provided, that at any time there are two or more Initial Delayed Draw Term Lenders that are not Affiliates of an Initial Delayed Draw Term Lender or Approved Funds of one another, “Required Delayed Draw Lenders” shall include at least two of such Initial Delayed Draw Term Lenders that are not Affiliates or Approved Funds of one another.
Required Delayed Draw Lenders means, as of any date of determination, Lenders having more than 50.0% in the aggregate of the sum of (a) the aggregate unused Delayed Draw Term Loan Commitments then outstanding and (b) the Delayed Draw Term Loans then outstanding; provided, (i) the Delayed Draw Term Loan Commitment of any Defaulting Lender shall be excluded for all purposes of making a determination of Required Delayed Draw Lenders, (ii) the Delayed Draw Term Loan Commitments and the Delayed Draw Term Loans held by Sponsor Affiliated Lenders (other than Affiliated Debt Funds) shall be excluded for all purposes of making a determination of Required Delayed Draw Lenders and (iii) Affiliated Debt Funds may not, in the aggregate, account for more than 49.9% of the amount necessary to establish that the Required Delayed Draw Lenders have consented to an action and any other Delayed Draw Term Loan Commitments and the Delayed Draw Term Loans of Affiliated Debt Funds in excess of such amount shall be excluded for all purposes of making a determination of Required Delayed Draw Lenders.
Required Delayed Draw Lenders or in Section 8.01.
Required Delayed Draw Lenders without the consent of each Lender;
Required Delayed Draw Lenders means at any time Lenders holding at least a majority of the sum of the aggregate unused Delayed Draw Commitments; provided that the Delayed Draw Commitments of any Defaulting Lender shall be excluded for purposes of making a determination of Required Delayed Draw Lenders.