Requisite Secured Lenders definition

Requisite Secured Lenders means the Requisite Consenting Secured TL Lenders (as defined in the Restructuring Support Agreement).
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Requisite Secured Lenders means, as of any date of determination, the Secured Lenders who own or control as of such date at least a majority of all Term Loan Claims, in the aggregate, as of such date; provided, however, that, notwithstanding the foregoing, the consent of the Administrative Agent will be required in any instance where the consent of the Requisite Secured Lenders is required.
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Requisite Secured Lenders means the Secured Lenders who together hold at least 662/3% of all of the Secured Debentures held by all Secured Lenders at the time a determination is made.
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Examples of Requisite Secured Lenders in a sentence

  • The Requisite Consenting Noteholders and Requisite Secured Lenders are authorized to take any actions necessary to effectuate the termination of this Agreement notwithstanding section 362 of the Bankruptcy Code or any other applicable law and no cure period contained in this Agreement shall be extended pursuant to sections 108 or 365 of the Bankruptcy Code or any other applicable law without the prior written consent of the Requisite Consenting Noteholders and Requisite Secured Lenders.

  • The Requisite Consenting Noteholders and Requisite Secured Lenders may also terminate the Restructuring Support Agreement as to all Parties after receipt of a Fiduciary Out Notice provided pursuant to Section 23(c) of the Restructuring Support Agreement.

  • This Agreement, and the obligations of all Parties hereunder, may be terminated by mutual written agreement between the Company, the Requisite Consenting Noteholders and the Requisite Secured Lenders, provided, however, that notice of such termination is provided to each of the Supporting Parties to the address listed on the signature page hereto or a Joinder Agreement, as applicable.

  • The Restructuring Support Agreement provides that it will terminate upon mutual written agreement among the Debtors, the Requisite Consenting Noteholders and the Requisite Secured Lenders.

  • Following the effective date of the Plan, the Reorganized Debtor will be the owner of the Milagro Interests in White Oak, the holders of the Second Lien4 On July 16, 2015, the Requisite Consenting Noteholders and the Requisite Secured Lenders have consented to an extension of the deadline set forth in section 4(a)(iv) of the Restructuring Support Agreement for entry by the Bankruptcy Court of the RSA Order and the Final DIP Order from 35 days to 38 days after the Petition Date.

  • The Requisite Consenting Creditors may terminate this Agreement, in each case, upon delivery of written notice to the Company in accordance with Section 23 hereof at any time after the occurrence of or during the continuation of any of the following events (each, a “Creditor Termination Event”): provided, that termination by each of the Requisite Secured Lenders or Requisite Noteholders, as applicable, shall only be effective as to the applicable terminating Consenting Class.

  • Except as set forth on Schedule 4.20(v), the occurrence of any Change of Control Transaction unless the Requisite Secured Lenders shall have consented to such Change of Control Transaction in writing (which consent shall be made or withheld in the Requisite Secured Lenders’ sole discretion), unless such Change of Control Transaction occurs after the date that is three years from the Closing Date and provides for the Obligations to be paid in full in which case no consent shall be required.

  • The Parent Company shall not, nor shall it permit any of the Subsidiaries to amend, modify or change any terms of any agreement, instrument or other document evidencing, entered into in connection with or relating to the Unsecured Debentures without the prior written consent of the Requisite Secured Lenders.

  • The Requisite Consenting Creditors may terminate this Agreement, in each case, upon delivery of written notice to the Company in accordance with Section 23 hereof at any time after the occurrence of or during the continuation of any of the following events (each, a “Creditor Termination Event”): provided, that termination by each of the Requisite Secured Lenders or Requisite Noteholders, as applicable, shall only be effective as to the applicable terminat ing Consenting Class.

  • The Parent Company will continue to be a reporting issuer in good standing in each of the Qualifying Provinces, and the Parent Company will cause its Common Shares to continue to be listed for trading on the CSE or quoted on the OTC or such other exchange as the Requisite Secured Lenders may consent to in writing from time to time.

Related to Requisite Secured Lenders

  • Secured Lender means a lender under a Secured Lender’s Security Agreement.

  • Requisite Lenders means Lenders having (a) more than 66 2/3% of the Commitments of all Lenders, or (b) if the Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Loans.

  • Required Lenders means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than 50% of the aggregate Revolving Credit Exposures and unused Commitments at such time.

  • Majority Lenders means a Lender or Lenders whose Commitments aggregate more than sixty six and two thirds per cent (66 2/3%) of the aggregate of all the Commitments.

  • Requisite Creditors of any Class shall mean each of (x) with respect to the Credit Document Obligations, the Required Banks and (y) with respect to the Other Obligations, the holders of at least a majority of all obligations outstanding from time to time under the Interest Rate Protection Agreements or Other Hedging Agreements.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Requisite Term Loan Lenders shall in no event mean less than two Term Loan Lenders.

  • Supermajority Lenders means Lenders having (a) 66.67% or more of the Commitments of all Lenders, or (b) if the Commitments have been terminated, 66.67% or more of the aggregate outstanding amount of the Revolving Credit Advances.

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Super Majority Lenders means at any time a Lender or group of Lenders whose Commitments aggregate more than 80% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 80% of the Total Commitments immediately prior to that reduction).

  • Majority Facility Lenders with respect to any Facility, the holders of more than 50% of the aggregate unpaid principal amount of the Term Loans or the Total Revolving Extensions of Credit, as the case may be, outstanding under such Facility (or, in the case of the Revolving Facility, prior to any termination of the Revolving Commitments, the holders of more than 50% of the Total Revolving Commitments).

  • Term Loan Agent means “Term Loan Agent” as defined in the Intercreditor Agreement.

  • Term Loan Secured Parties means the Term Loan Representative, the Term Loan Creditors and any other holders of the Term Loan Obligations.

  • First Lien Credit Documents means the “Credit Documents” as defined in the First Lien Credit Agreement.

  • Bank Agent means Bank of America, N.A., in its capacity as administrative agent for the Bank Lenders under the Bank Credit Agreement, and its successors and assigns in such capacity.

  • Requisite Holders means the holders of the Warrants representing a majority of the shares of Common Stock underlying the Warrants then outstanding.

  • Credit Agreement Secured Parties means the “Secured Parties” as defined in the Credit Agreement.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Majority Banks means at any time Banks holding more than 50% of the Commitments, or if the Commitments have been terminated, Banks holding more than 50% of the then aggregate unpaid principal amount of the Advances.

  • Majority Revolving Lenders at any time, (a) if only one Revolving Lender holds the Total Revolving Commitments at such time, such Revolving Lender, both before and after the termination of such Revolving Commitment; and (b) if more than one Revolving Lender holds the Total Revolving Commitment, at least two Revolving Lenders who hold more than 50% of the Total Revolving Commitments (including, without duplication, the L/C Commitments) or, at any time after the termination of the Revolving Commitments when such Revolving Commitments were held by more than one Revolving Lender, at least two Revolving Lenders who hold more than 50% of the Total Revolving Extensions of Credit then outstanding (including, without duplication, any L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time)); provided that the Revolving Commitments of, and the portion of the Revolving Loans and participations in L/C Exposure and Swingline Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.