U.S. Required Lenders means, at any time, Lenders having Initial US Revolving Credit Exposure or unused Initial US Commitments representing more than 50% of the sum of the total Initial US Revolving Credit Exposure and such unused Initial US Commitments at such time; provided that the Initial US Revolving Credit Exposure and unused Initial US Commitments of any Defaulting Lender shall be disregarding in the determination of the US Required Lenders at any time.
U.S. Required Lenders means US Lenders having more than 50% of the sum of all US Loans outstanding and unused US Commitments; provided that the US Loans and unused US Commitments held or deemed held by any US Defaulting Lender shall be excluded for purposes of making a determination of US Required Lenders. For purposes of this definition, the aggregate principal amount of Swingline Loans owing to the Swingline Lenders shall be considered to be owed to the US Revolving Lenders ratably in accordance with their respective US Revolving Commitments.
U.S. Required Lenders means, as of any date of determination, U.S. Lenders having more than 50% of the U.S. Aggregate Commitments or, if the U.S. Aggregate Commitments have terminated, U.S. Lenders holding in the aggregate more than 50% of the U.S. Total Outstandings (with the aggregate amount of each U.S. Lender’s risk participation and funded participation in U.S. L/C Obligations, U.S. Fronting Loans and U.S. Swing Line Loans being deemed “held” by such U.S. Lender for purposes of this definition); provided that the U.S. Commitment of, and the portion of the U.S. Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of U.S. Required Lenders.
Examples of U.S. Required Lenders in a sentence
At the election of Agent or the U.S. Required Lenders, during an Event of Default, the fee payable under clause (a) shall be increased by 2% per annum.
Except as otherwise expressly provided herein, all financial statements to be delivered pursuant to this Agreement shall be prepared in accordance with GAAP as in effect from time to time and all terms of an accounting or financial nature shall be construed and interpreted in accordance with GAAP, as in effect on the date hereof unless otherwise agreed to by US Borrower and the US Required Lenders.
Upon receipt of any such notice of resignation, the US Required Lenders shall have the right subject to US Borrower’s consent (unless an Event of Default shall have occurred and be continuing, and in such case, in consultation with US Borrower), to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States.
US Required Lenders may at any time revoke Agent’s authority to make further US Protective Advances under clause (a) by written notice to Agent.
US Required Lenders may at any time revoke Agent’s authority to make further UK Protective Advances under clause (a) by written notice to Agent.
More Definitions of U.S. Required Lenders
U.S. Required Lenders means, as of any date of determination, Lenders having more than 50% of the Aggregate U.S. Commitments or, if the commitment of each Lender to make U.S. Committed Loans and the obligation of each U.S. L/C Issuer to make U.S. L/C Credit Extensions have been terminated, Lenders holding in the aggregate more than 50% of the Total U.S. Outstandings (with the aggregate amount of each Lender’s risk participation and funded participation in U.S. L/C Obligations and U.S. Swing Line Loans being deemed “held” by such Lender for purposes of this definition). The U.S. Commitment of, and the portion of the Total U.S. Outstandings held or deemed held by, any Defaulting Lender shall be disregarded in determining U.S. Required Lenders at any time; provided that the amount of any risk participation in U.S. Swing Line Loans and U.S. Unreimbursed Amounts that such Defaulting Lender has failed to fund that have not been reallocated to and funded by another Lender shall be deemed to be held by the Lender that is the U.S. Swing Line Lender or a U.S. L/C Issuer, as the case may be, in making such determination.
U.S. Required Lenders means, as of any date of determination, U.S. Lenders having more than 50% of the U.S. Aggregate Commitments or, if the U.S. Aggregate Commitments have terminated, U.S. Lenders holding in the aggregate more than 50% of the U.S. Total Outstandings (with the aggregate amount of each U.S. Lender’s risk participation and funded participation in U.S. L/C Obligations and U.S. Fronting Loans being deemed “held” by such U.S. Lender for purposes of this definition); provided that the U.S. Commitment of, and the portion of the U.S. Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of U.S. Required Lenders.
U.S. Required Lenders means, as of any date of determination, US Lenders having more than 50% of the Aggregate US Commitments or, if the commitment of each US Lender to make US Committed Loans and the obligation of each US L/C Issuer to make US L/C Credit Extensions have been terminated pursuant to Section 9.02, US Lenders holding in the aggregate more than 50% of the Total US Outstandings (with the aggregate amount of each US Lender’s risk participation and funded participation in US L/C Obligations and US Swing Line Loans being deemed “held” by such Lender for purposes of this definition); provided that the US Commitment of, and the portion of the Total US Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of US Required Lenders.
U.S. Required Lenders means, at the time of determination, the Lenders holding Commitments (or Credit Exposure, as applicable) in the aggregate greater than or equal to 66 2/3% of the aggregate Commitments under the Loan Documents, or, if the Commitments have been terminated, the aggregate Credit Exposure under the Loan Documents.
U.S. Required Lenders means at any date of determination US Lenders holding, in the aggregate, more than 50% of the sum of commitments under the US Revolving Facility.
U.S. Required Lenders means US Lenders whose aggregate Percentage Shares under the US Agreement equal or exceed fifty percent (50%).