Required Extending Lenders definition

Required Extending Lenders means, at any time, Extending Lenders owed or holding at least a majority in interest of the sum of (a) the aggregate principal amount of the Revolving Credit Advances outstanding at such time owed to Extending Lenders, (b) the Extending Lenders’ Pro Rata Share of the aggregate Available Amount of all Letters of Credit outstanding at such time and (c) the aggregate Unused Revolving Credit Commitments of the Extending Lenders at such time; provided, however, that if any Extending Lender shall be a Defaulting Lender at such time, there shall be excluded from the determination of Required Extending Lenders at such time (i) the aggregate principal amount of the Advances owing to such Lender (in its capacity as a Lender) and outstanding at such time, (ii) such Lender’s Pro Rata Share of the aggregate Available Amount of all Letters of Credit outstanding at such time and (iii) the Unused Revolving Credit Commitment of such Lender at such time. For purposes of this definition, the aggregate principal amount of Swing Line Advances owing to the Swing Line Bank and of Letter of Credit Advances owing to any Issuing Bank and the Available Amount of each Letter of Credit shall be considered to be owed to the Revolving Credit Lenders ratably in accordance with their respective Revolving Credit Commitments.
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Required Extending Lenders means, at any time, Extending Lenders owed or holding at least a majority in
Sample 1
Required Extending Lenders means, at any time, Extending Lenders owed or holding at least a majority
Sample 1

More Definitions of Required Extending Lenders

Required Extending Lenders means, at any time, Extending Lenders owed or holding at least a majority in interest of the sum of (a) the aggregate principal amount of the Revolving Credit Advances outstanding at such time owed to Extending Lenders, (b) the Extending Lenders’ Pro Rata Share of the aggregate Available Amount of all Letters of Credit outstanding at such time and (c) the aggregate Unused Revolving Credit Commitments of the Extending Lenders at such time; provided , however , that if any Extending Lender shall be a Defaulting Lender at such time, there shall be excluded from the determination of Required Extending Lenders at such time (i) the aggregate principal amount of the Advances owing to such Lender (in its capacity as a Lender) and outstanding at such time, (ii) such Lender’s Pro Rata Share of the aggregate Available Amount of all Letters of Credit outstanding at such time and (iii) the Unused Revolving Credit Commitment of such Lender at such time. For purposes of this definition, the aggregate principal amount of Swing Line Advances owing to the Swing Line Bank and of Letter of Credit Advances owing to any Issuing Bank and the Available Amount of each Letter of Credit shall be considered to be owed to the Revolving Credit Lenders ratably in accordance with their respective Revolving Credit Commitments.
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Related to Required Extending Lenders

  • Non-Extending Lender has the meaning specified in Section 2.18(b).

  • Extending Lenders has the meaning specified in Section 2.08.

  • Extending Lender shall have the meaning assigned to such term in Section 2.21(e).

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

  • Non-Extending Bank has the meaning set forth in Section 2.09(a) hereof.

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

  • 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.

  • Declining Lender has the meaning specified in Section 2.05(c).

  • Exiting Lender see Section 2.17.7.

  • Extending Revolving Lender shall have the meaning given to such term in Section 2.22(a)(iii).

  • Additional Commitment Lender shall have the meaning provided in Section 2.15(c).

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Continuing Lenders as defined in the recitals hereto.

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Increasing Lenders shall have the meaning given to that term in Section 2.01(b)(i).

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Extending Revolving Credit Lender has the meaning set forth in Section 2.16(c).

  • Consenting Lenders has the meaning set forth in Section 2.21(b).

  • Incremental Lenders has the meaning set forth in Section 2.14(c).

  • Existing Lender were references to all the Lenders immediately prior to the relevant increase;

  • Additional Revolving Lender means any Lender with an Additional Revolving Credit Commitment or any Additional Revolving Credit Exposure.

  • 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.

  • Refinancing Lender has the meaning set forth in Section 2.15(c).