Examples of Required Revolving Lenders in a sentence
The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02 or elsewhere in the Loan Documents, including without limitation the Required Revolving Lenders pursuant hereto and pursuant to the Intercreditor Agreement) or in the absence of its own gross negligence or willful misconduct.
Moneys in such account shall be applied by the Administrative Agent to reimburse the Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of the Required Revolving Lenders), be applied to satisfy other Secured Obligations.
The 2L Lenders may not assign or participate any of Second Lien Debt to any borrower, any guarantor or any other person (other than affiliate of 2L Lender that is neither a loan party nor any subsidiary of a loan party) and may not refinance, exchange or replace any of the Second Lien Debt, in each case without the consent of the Required Lenders and the Required Revolving Lenders under the 1L.
Amendment of ICA Any amendment or waiver of the ICA shall require the consent of the Required Revolving Lenders, Required Lenders and Second Lien Lenders.
If no successor shall have been so appointed by the Required Lenders and the Required Revolving Lenders and shall have accepted such appointment within thirty (30) days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders and the Issuing Bank, appoint a successor Administrative Agent which shall be a bank with an office in New York, New York, or an Affiliate of any such bank.