Required Term Lenders B definition
Required Term Lenders B means, at any time, those Term Loan B Lenders whose Pro Rata Shares aggregate more than fifty (50%) percent of the aggregate Term Loan B Commitments of all Term Loan B Lenders, or if the Term Loan B Commitments have been terminated, Term Loan B Lenders to whom more than fifty (50%) percent of the then outstanding Obligations arising from or in connection with the Term Loans B are owing; provided, that, in the event that there are three (3) or fewer Term Loan B Lenders, then “Required Term Lenders B” shall mean all of such Term Loan B Lenders.
Examples of Required Term Lenders B in a sentence
If no successor agent has accepted appointment as Term Loan B Agent by the date which is thirty (30) days after the date of a retiring Term Loan B Agent’s notice of resignation, the retiring Term Loan B Agent’s resignation shall nonetheless thereupon become effective and Term Loan B Lenders shall perform all of the duties of Term Loan B Agent hereunder until such time, if any, as the Required Term Lenders B appoint a successor agent as provided for above.