Term Required Lenders definition
Term Required Lenders means the “Requisite Lenders” under, and as defined in, the Term Credit Agreement.
Term Required Lenders means Non-Defaulting Lenders the sum of whose outstanding Term Advances (and, prior to the termination thereof, Term Commitments) represent at least 51% of the sum of all outstanding Term Advances (and, if prior to the termination thereof, Term Commitments) of Non-Defaulting Lenders.
Term Required Lenders means as of any date of determination, Term Lenders holding in the aggregate more than 50% of the Total Term Outstandings; provided that the Outstanding Amount held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Term Required Lenders.
Examples of Term Required Lenders in a sentence
After the occurrence and during the continuance of any Event of Default, however, unless the Revolving Required Lenders and Term Required Lenders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations until the Obligations have been paid in full in cash.
The Administrative Agent shall have received counterparts of this Amendment executed by the Borrower, the Guarantors and the Required Lenders (and with respect to the amendments contained in Paragraph 7 only the consent of each of the Revolving Required Lenders and the Term Required Lenders voting as separate classes).
More Definitions of Term Required Lenders
Term Required Lenders means the “Required Lenders”, as defined in the Term Credit Agreement as of the date hereof. “Term Secured Parties” shall mean (a) the Term Lenders, (b) the Term Administrative Agent, (c) the Second Lien Collateral Agent, (d) each other person to whom any of the Term Obligations (including indemnification obligations) is owed and (e) the successors and assigns of each of the foregoing. “Term Security Documents” shall mean any and all agreements, documents or instruments now existing or entered into after the date hereof that grant a