Required Tranche A Lenders at any time, Tranche A Lenders the Tranche A Commitment Percentages of which aggregate at least 51%.
Required Tranche A Lenders means at any time, Lenders who are holding at least sixty-six and two-thirds percent (662/3%) (a) of the outstanding principal amount of all Tranche A Loans and (b) of the unfunded amount of all Tranche A Allocations.
Required Tranche A Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (a) the portion of the Adjusted Total Term Loan Commitment that relates to Tranche A Term Loan Commitments at such date and (b) the outstanding principal amount of the Tranche A-1 Term Loans and the Tranche A-2 Term Loans (excluding the Tranche A-1 Term Loans and Tranche A-2 Term Loans held by Defaulting Lenders) in the aggregate at such date.
Examples of Required Tranche A Lenders in a sentence
The Loan Parties’ retention and incentive plan for management employees shall be reasonably acceptable to the Administrative Agent at the Direction of the Required Tranche A Lenders (the “Management Retention Plan”).
This Section 6.15 may be amended or waived by the Administrative Agent at the Direction of the Required Tranche A Lenders.
More Definitions of Required Tranche A Lenders
Required Tranche A Lenders at any time, the holders of more than 50% of the Tranche A Revolving Commitments then in effect or, if the Tranche A Revolving Commitments have been terminated, the Tranche A Revolving Extensions of Credit then outstanding; provided, however, that determinations of the “Required Tranche A Lenders” shall exclude Tranche A Revolving Commitments or Tranche A Revolving Loans held by Defaulting Lenders.
Required Tranche A Lenders means, as of any date of determination, Tranche A Lenders holding more than 50% of the sum of the Outstanding Loan Balances of the Tranche A Loans, based on their Applicable Percentages and, solely for the purposes of this definition and its application herein, deeming each reference to “Aggregate Outstanding Loan Balance” in the definition of “Applicable Percentage” to be a reference to the “Outstanding Loan Balances of the Tranche A Loans”.
Required Tranche A Lenders means, at any time, Tranche A Lenders having (a) Tranche A Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures, and (d) the excess of Tranche A Revolving Facility Commitments over the Tranche A Revolving Facility Exposure, that taken together, represent more than 50.0% of the sum of (u) all Tranche A Revolving Facility Loans (other than Swingline Loans) outstanding, (v) Revolving L/C Exposures, (w) Swingline Exposures, and (x) the total excess of Tranche A Revolving Facility Commitment over the Tranche A Revolving Facility Exposure of all Tranche A Lenders at such time. The Tranche A Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures, Tranche A Revolving Facility Commitment and Tranche A Revolving Facility Exposure of any Defaulting Lender shall be disregarded in determining Required Tranche A Lenders at any time.
Required Tranche A Lenders. Required Tranche B Lenders", or "Required Supermajority Lenders" or any other provision of any Loan Document specifying the number or percentage of Lenders required to waive, amend or modify any rights thereunder or make any determination or grant any consent thereunder, without the written consent of each Lender, (vi) release any member of the Holdings Group or any Subsidiary Loan Party from its Guarantee under the applicable Guarantee Agreement (except as expressly provided in such Guarantee Agreement), or limit its liability in respect of such Guarantee, without the written consent of each Lender, (vii) except for sales described in Section 6.05, release any portion of the Collateral in excess of $20,000,000 in the aggregate from the Liens of the Security Documents, without the written consent of each Lender, (viii) except as provided in Section 9.02(c), change the definition of the term "Borrowing Base" or any component thereof, without the written consent of each Lender, (ix) increase the Permitted Overadvance, without the written consent of each Lender, (x) subordinate the Obligations hereunder, or the Liens granted hereunder or under the other Loan Documents, to any other Indebtedness or Lien, as the case may be without the prior written consent of each Lender, or (xi) change the methodology of calculating, or the categories of, initial Reserves established pursuant to Section 2.02(a) hereof, without the written consent of each Lender, and provided further that no such agreement shall amend, modify or otherwise affect the rights or duties of the Agents or the Issuing Bank without the prior written consent of the Agents or the Issuing Bank, as the case may be.
Required Tranche A Lenders means, at any time, Tranche A Lenders holding more than fifty percent (50%) of the aggregate unpaid principal amount of the Tranche A Loans then outstanding; provided, that for purposes of this definition, the Tranche A Loans of a Tranche A Lender shall be disregarded if and for so long as such Tranche A Lender shall be a Defaulting Lender.
Required Tranche A Lenders means, at any time, those Tranche A Lenders whose Pro Rata Shares aggregate fifty-one (51%) percent or more of the aggregate of the Tranche A Commitments of all Tranche A Lenders, or if the Tranche A Commitments shall have been terminated, Tranche A Lenders to whom at least fifty-one (51%) percent of the then outstanding Obligations in respect of Tranche A Revolving Loans are owing; provided, that, (a) the Commitment of any Defaulting Lender shall be disregarded in the determination of the Required Tranche A Lenders, (b) at any time that there are two (2) or more Tranche A Lenders, “Required Tranche A Lenders” must include at least two (2) Tranche A Lenders (who are not Affiliates of one another), and (c) to the extent that the Pro Rata Shares of Wxxxx and Bank of America aggregate fifty-one (51%) percent or more of the aggregate of the Tranche A Commitments of all Tranche A Lenders, “Required Tranche A Lenders” must include at least three (3) Tranche A Lenders (who are not Affiliates of one another). For purposes of calculating Pro Rata Share, the Commitments of any Defaulting Lender in determining Required Tranche A Lenders at any time shall be deemed to be zero.
Required Tranche A Lenders means Tranche A Lenders in the aggregate having at least 66-2/3% of the Aggregate Tranche A Commitment or, if the Aggregate Tranche A Commitment has been terminated, Tranche A Lenders in the aggregate holding at least 66-2/3% of the Aggregate Outstanding Tranche A Credit Exposure.