Required Term A Lenders definition
Examples of Required Term A Lenders in a sentence
For purposes of this paragraph (d), Required Term A Lenders shall be determined as if the reduction in the aggregate amount of the Term A Loan Commitments requested by the Borrower had occurred (i.e., the Combined Term A Lenders shall be deemed to have a single Term A Loan Commitment in the aggregate equal to the Surviving Term A Loan Commitment and the aggregate amount of the Term A Loan Commitments shall be deemed to have been reduced by the Retired Term A Loan Commitments).
The terms “Lenders”, “Required Revolving Loan Lenders”, “Required Term A Lenders”, “Required Term B Lenders”, “Required Lenders” or any similar terms shall, unless the context clearly otherwise indicates, include each Agent in its individual capacity as a Lender or one of the Required Revolving Loan Lenders, the Required Term A Lenders, the Required Term B Lenders or the Required Lenders.
The provisions of this Section 7.11 are for the sole benefit of the Revolving Lenders and the Term A Lenders only and only the Required Revolving Lenders and Required Term A Lenders may amend, waive or otherwise modify this Section 7.11 or the defined terms used solely for purposes of this Section 7.11 or waive any Default resulting from a breach of this Section 7.11, in each case without the consent of any other Lenders in accordance with the provisions of the proviso of Section 10.01(b).
Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definitions of Required Lenders, Required Term A Lenders, Required Term B Lenders, Required Pro Rata Lenders or Required Revolving Lenders.
Each determination of LIBOR by the Required Term A Lenders in respect of the Term A Facility shall be conclusive and binding on Borrower in the absence of manifest error.