Tranche B Required Lenders definition

Tranche B Required Lenders means Tranche B Lenders having more than 50% of the Tranche B Revolving Commitments or, if the Tranche B Revolving Commitments have terminated, Tranche B Lenders holding more than 50% of the aggregate unpaid principal amount of the Tranche B Revolving Loans. The Tranche B Revolving Commitments of, and the outstanding Tranche B Revolving Loans held by, any Defaulting Lender shall be excluded for purposes of making a determination of Tranche B Required Lenders for as long as such Tranche B Lender is a Defaulting Lender.

Tranche B Required Lenders means, as of any date of determination, Tranche B Lenders holding in the aggregate greater than 50% of the Total Tranche B Term Outstandings; provided that the portion of the Total Tranche B Term Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Tranche B Required Lenders.

Tranche B Required Lenders means, as of any date of determination, Tranche B Lenders holding in the aggregate in excess of 66 and 2/3% of the aggregate Tranche B Loans; provided that the portion of the Tranche B Loans held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of the Tranche B Required Lenders; provided further that at all times when two or more Tranche B Lenders are party to this Agreement, the term “Tranche B Required Lenders” shall in no event mean less than two Tranche B Lenders unless only two Tranche B Lenders are party to this Agreement and one of such Tranche B Lenders is a Defaulting Lender.

Examples of Tranche B Required Lenders in a sentence

• In the case of a Loan to be denominated in Canadian Dollars, there shall not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion of the Agent or the Tranche B Required Lenders would make it impracticable for such Loan to be denominated in Canadian Dollars.

• Where this Agreement expressly permits or prohibits an action unless the Tranche A Required Lenders, Tranche B Required Lenders, US Required Lenders, US Majority Lenders or all Lenders otherwise determine, the US Agent shall, and in all other instances, the US Agent may, but shall not be required to, initiate any solicitation for the consent or a vote of the Lenders.

• US Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with a request or consent of the Tranche A Required Lenders, Tranche B Required Lenders, US Required Lenders, US Majority Lenders or all Lenders, if required hereunder, and such request and any action taken or failure to act pursuant thereto shall be binding upon all Lenders and participants.

• The Tranche B Required Lenders (as defined below) hereby waive Borrower’s obligation to comply with the obligation to prepay Tranche B Term Loan Borrowings pursuant to Section 2.11(d) of the Credit Agreement for the fiscal year ended December 31, 2006.

• The Tranche B Required Lenders hereby waive any past Default that occurred as a result of the Borrower’s failure to comply with Section 2.11(d) within five Business Days of the date on which financial statements were delivered pursuant to Section 5.01 of the Credit Agreement with respect to the fiscal year ended December 31, 2006.

More Definitions of Tranche B Required Lenders

Tranche B Required Lenders shall in no event mean less than two Tranche B Lenders unless only two Tranche B Lenders are party to this Agreement and one of such Tranche B Lenders is a Defaulting Lender.

Tranche B Required Lenders means Tranche B Lenders whose aggregate Tranche B Percentage Shares equal or exceed fifty percent (50%).

Tranche B Required Lenders means, at any time when no Tranche B Loans are outstanding, Tranche B Lenders whose Percentage Shares of all Tranche B Commitments total at least sixty-six and two-thirds percent (66 2/3%) of all Tranche B Commitments and at any time when Tranche B Loans are outstanding, Tranche B Lenders holding at least sixty-six and two-thirds percent (66 2/3%) of the aggregate principal amount of all Tranche B Loans outstanding (without regard to any sale of a participation in any Loan).

Tranche B Required Lenders means Tranche B Lenders whose aggregate Tranche B Percentage Shares equal or exceed fifty percent (50%)."

Tranche B Required Lenders means, at any time, Lenders holding in the aggregate more than 50% of (a) the unfunded Tranche B Revolving Commitments and the outstanding Tranche B Revolving Loans, Swing Line Loans, L/C Obligations and participations therein or (b) if the Tranche B Revolving Commitments have been terminated, the outstanding Tranche B Revolving Loans, Swing Line Loans, L/C Obligations and participations therein. The unfunded Tranche B Revolving Commitments of, and the outstanding Tranche B Revolving Loans, Swing Line Loans, L/C Obligations and participations therein, held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Tranche B Required Lenders.

Tranche B Required Lenders means, as of any date of determination, Tranche B Lenders having more than 66 2/3% of the Total Tranche B Term Commitments or, if the Commitment of each Lender to make Tranche B Loans has been terminated pursuant to the terms hereof, Lenders holding in the aggregate at least 66 2/3% of the Total Tranche B Term Outstandings; provided that the Commitment of, and the portion of the Total Tranche B Term Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Tranche B Required Lenders.

Tranche B Required Lenders means, at any time, Tranche B Lenders having Tranche B Total Credit Exposures representing more than 50% of the Tranche B Total Credit Exposures of all Tranche B Lenders.