Required First-Lien Creditors means (i) at all times prior to the occurrence of the Discharge of First-Lien Credit Agreement Obligations, the First-Lien Required Lenders (or, to the extent required by the First-Lien Credit Agreement, each of the First-Lien Lenders), and (ii) at all times after the occurrence of the Discharge of First-Lien Credit Agreement Obligations, the holders of at least the majority of the then outstanding Hedging Obligations (determined by the First-Lien Collateral Agent in such reasonable manner as is acceptable to it).
Required First-Lien Creditors means Consenting Creditors holding at least 50.1% by principal amount outstanding of the First Lien Credit Agreement Claims held by the Consenting Creditors.
Required First-Lien Creditors means (i) at all times prior to the occurrence of the Discharge of First-Lien Credit Agreement Obligations, the First-Lien Required Lenders (or, to the extent required by the First-Lien Credit Agreement, each of the First-Lien Lenders or such other number or percentage of First-Lien Lenders as is required by the First-Lien Credit Agreement), and (ii) at all times after the occurrence of the Discharge of First-Lien Credit Agreement Obligations, the holders of at least the majority of the then outstanding Secured Hedge Agreement Obligations and/or Secured Cash Management Obligations (with the calculation of the amount of outstanding Secured Hedge Agreement Obligations and/or Secured Cash Management Obligations determined by the First-Lien Collateral Agent as directed by a majority of the holders of the Secured Hedge Agreement Obligations and Secured Cash Management Obligations or, in the absence of such a direction, in such reasonable manner as is acceptable to the First-Lien Collateral Agent).
Examples of Required First-Lien Creditors in a sentence
In exercising rights and remedies with respect to the Collateral, the First-Lien Collateral Agent (acting under the instructions of the Required First-Lien Creditors) may enforce the provisions of the First-Lien Loan Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole discretion.
More Definitions of Required First-Lien Creditors
Required First-Lien Creditors means (i) at any time when any Obligations are outstanding under the Bank Credit Agreement, the Required Bank Lender Creditors and (ii) at any time after all of the Obligations under the Bank Credit Agreement have been paid in full in cash in accordance with the terms thereof and all Commitments and Letters of Credit under the Bank Credit Agreement have been terminated, the holders of a majority of the Senior First Lien Obligations.
Required First-Lien Creditors means the First-Lien Holders holding at least a majority (or, for purposes of Section 9.3 hereof, at least two-thirds) in principal amount of the First-Lien Obligations then outstanding (or, to the extent required by the First-Lien Indenture, such higher percentage of First-Lien Holders).
Required First-Lien Creditors means (i) at any time when any Bank Credit Document Obligations are outstanding or any Commitments or Letters of Credit under the Bank Credit Agreement exist, the Required Bank Lender Creditors (or, to the extent provided in Section 15.12 of the Bank Credit Agreement, each of the Lenders), (ii) at any time after all of the Bank Credit Document Obligations have been paid in full in cash in accordance with the terms thereof and all Commitments and Letters of Credit under the Bank Credit Agreement have been terminated, the holders of a majority of the Other Obligations, and (iii) at any time after all Bank Credit Document Obligations and Other Obligations have been paid in full in cash in accordance with the terms thereof, all Interest Rate Protection Agreements and Other Hedging Agreements entered into with an Other Creditor have been terminated and all Commitments and Letters of Credit under the Bank Credit Agreement have been terminated, the holders of a majority of the outstanding Overdraft Obligations.
Required First-Lien Creditors means (i) at all times prior to the occurrence of the Discharge of First-Lien Loan Document Obligations, (x) the Required First-Lien Lenders, or (y) to the extent required by the Credit Agreement, the First-Lien Lenders so required thereby or (z) in the case of any Event of Default arising as a result of a breach of Section 6.10 of the Credit Agreement, the Required Revolving Lenders, but solely with respect to the Revolving Credit Facility, (ii) at all times after the occurrence of the Discharge of First-Lien Loan Document Obligations and prior to the Discharge of the First-Lien Lender Obligations, the holders of at least the majority of the then outstanding Hedging Obligations (determined by the First-Lien Collateral Agent in such reasonable manner as is acceptable to it) and (iii) at all times after the Discharge of the First-Lien Lender Obligations, the Existing Senior Notes Trustee acting at the direction of Existing Senior Notes Holders holding at least a majority of the aggregate principal amount of Existing Senior Notes Obligations outstanding from time to time.
Required First-Lien Creditors. “PBGC Creditors”
Required First-Lien Creditors appearing in Section 1.1 of the Intercreditor Agreement is hereby is hereby amended and restated in its entirety as follows:
Required First-Lien Creditors means (i) at all times prior to the occurrence of the Discharge of First-Lien Lender Obligations, the First-Lien Required Lenders (or, to the extent required by the First-Lien Credit Agreement (other than any First-Lien Last Out Note Document), each of the First-Lien Lenders), (ii) at all times after the occurrence of the Discharge of First-Lien Lender Obligations but prior to the occurrence of the Discharge of Hedging Obligations, the holders of at least the majority of the then outstanding Hedging Obligations (determined by the U.S. First-Lien Collateral Agent in such reasonable manner as is acceptable to it) and (iii) at all times after the occurrence of both the Discharge of First-Lien Lender Obligations and the Discharge of Hedging Obligations but prior to the occurrence of the Discharge of First-Lien Last Out Note Obligations, the holders of at least the majority of the then outstanding First-Lien Last Out Notes (determined by the U.S. First-Lien Collateral Agent or any other collateral agent for the First-Lien Last Out Noteholders in such reasonable manner as is acceptable to it).”