Required Second Lien Lenders definition

Required Second Lien Lenders means, at any time, lenders under the Second Lien Agreement having Second Lien Loans representing more than 50% of the sum of all Second Lien Loans at such time.

Required Second Lien Lenders means the Consenting Second Lien Lenders who hold, in the aggregate, at least 66.67% in principal amount outstanding of all Second Lien Claims held by the Consenting Second Lien Lenders (excluding, for the avoidance of doubt, all of the Second Lien Claims held by the Consenting First Lien Lenders and the Sponsor Entities).

Required Second Lien Lenders means, at any time, Second Lien Lenders holding at least 51% of the sum of the aggregate unpaid principal amount owing under the Investor Notes outstanding.

Examples of Required Second Lien Lenders in a sentence

• The fire viewing area is equal to or greater than five hundred square inches.

• Restructuring Transactions The Confirmation Order will be deemed to authorize, among other things, all actions as may be necessary or appropriate, consistent with the Restructuring Support Agreement, to effect any transaction described in, approved by, contemplated by, or necessary to effectuate the Plan with the consent of the Required First Lien Lenders and, solely with respect to the treatment provided on account of the Second Lien Claims, the Required Second Lien Lenders.

• Definitive Documents The material documents implementing the Restructuring (collectively, the “Definitive Documents”) shall be consistent with this Term Sheet and the Restructuring Support Agreement and otherwise acceptable to the Company, the Required First Lien Lenders and, solely with respect to the economic treatment provided on account of the Second Lien Claims, reasonably acceptable to the Required Second Lien Lenders.

• Notwithstanding paragraph (a) above, an amendment, modification or waiver of Section 4.04(d) or Section 7.17(c) shall require only the written consent of the Required Second Lien Lenders (or by the Administrative Agent with the consent of the Required Second Lien Lenders) and the Borrower.

• Each Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with a request or consent of the Required Lenders, the Required First Lien Lenders or the Required Second Lien Lenders, as applicable (or such greater number of Lenders as may be expressly required hereby in any instance) and such request and any action taken or failure to act pursuant thereto shall be binding upon all the relevant Lenders.

More Definitions of Required Second Lien Lenders

Required Second Lien Lenders means, at any time, Second-Lien Lenders holding more than 50% of all Second-Lien Loans at the time; provided that any Defaulting Lender shall be excluded for purposes of making a determination of Required Second-Lien Lenders.

Required Second Lien Lenders means (i) Lenders holding, in the aggregate, outstanding Second Lien Indebtedness representing more than 50% of all outstanding Second Lien Indebtedness and (ii) the Second Lien Administrative Agent.

Required Second Lien Lenders means “Required Lenders” under and as defined in the Second Lien Credit Agreement as in effect on the date hereof.

Required Second Lien Lenders means, as of any date of determination, Second Lien Lenders having more than 50% of the sum of the (a) Total Outstandings under the Second Lien Facility and (b) aggregate unused Second Lien Commitments; provided that the unused Second Lien Commitment of, and the portion of the Total Outstandings under the Second Lien Facility held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Second Lien Lenders.

Required Second Lien Lenders means, as of the date of determination, Consenting Second Lien Noteholders holding in excess of 50% of the aggregate principal amount of Second Lien Notes Claims held by all Consenting Second Lien Noteholders.Bankruptcy Court entered an order approving the adequacy of this Disclosure Statement and the Solicitation.19 Furthermore, a hearing for the Bankruptcy Court to consider confirmation of the Plan (the “Confirmation Hearing”) has been scheduled for June 23, 2020 at 10:00 a.m. (prevailing Central Time).20 ARTICLE IV.THE CHAPTER 11 CASES

Required Second Lien Lenders means, at any time, Lenders having more than fifty percent (50%) of the aggregate outstanding amount of all Second Lien Term Loans.

Required Second Lien Lenders means Lenders holding more than 50% of the aggregate principal amount of the outstanding Loans (without regard to any sale by a Lender of a participation in any Loan under Section 12.05(d)) at such time.