Examples of Required Delayed Draw Term Lenders in a sentence
Notwithstanding anything to the contrary herein, only the consent of the Required Delayed Draw Term Lenders shall be required with respect to an amendment, modification or waiver solely impacting the Delayed Draw First Lien Term Loan Facility.
In the event the Agent and the Required Delayed Draw Term Lenders are unable after negotiating in good faith to agree on the amount of the proceeds referred to in clause (3) of the preceding sentence, the Agent or the Required Delayed Draw Term Lenders may apply to a court of competent jurisdiction to make a determination as to the settlement of such claims, and the court’s determination shall be binding upon all theSecured Parties.
No Revolving Secured Party or, Delayed Draw Secured Party or MRE Secured Party may benefit from a Recovery, and any distribution made to a Revolving Secured Party or, a Delayed Draw Secured Party or an MRE Secured Party as a result of a Recovery will be paid over to the Agent for application to the Obligations in accordance with Section 10.5 (after application to any Insolvency Financing that is a Conforming Insolvency Financing or is otherwise consented to by the Required Delayed Draw Term Lenders).
No Revolving Secured Party or Delayed Draw Secured Party may benefit from a Recovery, and any distribution made to a Revolving Secured Party or a Delayed Draw Secured Party as a result of a Recovery will be paid over to the Agent for application to the Obligations in accordance with Section 10.5 (after application to any Insolvency Financing that is a Conforming Insolvency Financing or is otherwise consented to by the Required Delayed Draw Term Lenders).
In the event the Agent and the Required Delayed Draw Term Lenders are unable after negotiating in good faith to agree on the amount of the proceeds referred to in clause (3) of the preceding sentence, the Agent or the Required Delayed Draw Term Lenders may apply to a court of competent jurisdiction to make a determination as to the settlement of such claims, and the court’s determination shall be binding upon all the Parties.