Required Term B Loan Lenders definition

Required Term B Loan Lenders means, as of any date of determination, Lenders holding more than 50% of the Term B Loan on such date; provided that the portion of the Term B Loan held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term B Loan Lenders.
Required Term B Loan Lenders means, at any time, those Term B Loan Lenders whose Pro Rata Shares aggregate fifty-one (51%) percent or more of the aggregate of the Term B Loan Commitments of all Term B Loan Lenders.
Required Term B Loan Lenders means, at any time, Lenders having Term B Loans representing more than 50% of the aggregate outstanding Term B Loans at such time; provided that (a) the Term B Loans of the Borrowers or any Affiliate thereof (other than an Affiliated Debt Fund) and (b) whenever there are one or more Defaulting Lenders, the total outstanding Term B Loans of each Defaulting Lender, shall, in each case of clauses (a) and (b), be excluded purposes of making a determination of Required Lenders and Required Term B Loan Lenders.

Examples of Required Term B Loan Lenders in a sentence

  • The terms "Lenders," "Required Lenders," "Required Term A Loan Lenders," "Required Term B Loan Lenders," "Required Revolving Credit Lenders," or any similar terms shall, unless the context clearly otherwise indicates, include Farallon in its individual capacity as a Lender.


More Definitions of Required Term B Loan Lenders

Required Term B Loan Lenders means, at any time, at least two Term B Loan Lenders having unused Term B Loan Commitments and/or outstanding Term B Loans representing more than 50% of the unused Term B Loan Commitments and/or outstanding Term B Loans of all Term B Lenders. The unused Term B Loan Commitment and/or outstanding Term B Loan of any Defaulting Lender shall be disregarded in determining Required Term B Loan Lenders at any time.
Required Term B Loan Lenders or "Required Revolving Loan Lenders" without the consent of each Lender directly affected thereby;
Required Term B Loan Lenders means, at any time, Lenders having at such time in excess of 50% of the aggregate Term B Loan Commitments (or, if such Commitments are terminated, the Pro Rata Outstandings in the Term B Loan Facility) then in effect, ignoring, in such calculation, the Commitments and Pro Rata Outstandings of any Non-Funding Lender.
Required Term B Loan Lenders means (a) prior to the Debt Repurchase Closing Date, Term B Loan Lenders representing at least 66-2/3% of the aggregate Term B Loan Commitments of all Term B Loan Lenders, and (b) thereafter, Term B Loan Lenders representing at least 66-2/3% of the aggregate unpaid principal amount of all Term B Loans then outstanding.
Required Term B Loan Lenders or "Required Revolving Credit Lenders" hereunder) for any voting or consent rights under or with respect to any Loan Document.
Required Term B Loan Lenders. Required Revolving Credit Lenders," or any similar terms shall, unless the context clearly otherwise indicates, include Farallon in its individual capacity as a Lender. Farallon and its Affiliates may lend money and generally engage in any kind of other business with any Loan Party as if it were not acting as the Agent pursuant hereto.
Required Term B Loan Lenders or "Ratable Portion"; provided further that no amendment, waiver or consent that affects adversely the Term A Loan Lenders, the Term B Loan Lenders or the Revolving Credit Lenders (but not all and to the same degree) shall be effective without the approval of the Required Term A Loan Lenders, the Required Term B Loan Lenders or the Required Revolving Credit Lenders, respectively; and provided further that no amendment, waiver or consent shall, unless in writing and signed by the Agent in addition to the Lenders required above to take such action, affect the rights or duties of the Agent under this Agreement or the other Loan Documents. Each Lender and holder of any Note shall be bound by any amendment, waiver or consent authorized by this Section 11.1 regardless of whether its Notes shall be marked to make reference thereto, and any consent by any Lender or holder of a Note pursuant to this Section shall bind any person subsequently acquiring a Note from it, whether or not such Note shall be so marked.