Common use of Required Lenders Clause in Contracts

Required Lenders. Lenders (subject to Section 4.2) having (a) Revolver Commitments in excess of 50% of the aggregate Revolver Commitments; and (b) if the Revolver Commitments have terminated, Loans and LC Obligations in excess of 50% of all outstanding Loans and LC Obligations.

Appears in 2 contracts

Samples: Loan and Security Agreement (Alon USA Energy, Inc.), Loan and Security Agreement (Alon USA Energy, Inc.)

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Required Lenders. Lenders (subject to Section SECTION 4.2) having (a) Revolver Commitments in excess of 50% of the aggregate Revolver Commitments; and (b) if the Revolver Commitments have terminated, Loans and LC Obligations in excess of 50% of all outstanding Loans and LC ObligationsLoans.

Appears in 1 contract

Samples: Loan and Security Agreement (Hines Horticulture Inc)

Required Lenders. Lenders (subject to Section 4.2) having (a) Revolver Commitments in excess of 50% of the aggregate Revolver Commitments; and (b) if the Revolver Commitments have terminated, Loans and LC Obligations in excess of 50% of all outstanding Loans and LC ObligationsLoans; provided, however, that at any time there are 2 or more Lenders, “Required Lenders” must include at least 2 Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Potlatch Forest Products CORP)

Required Lenders. Lenders (subject to Section 4.2) having (a) Revolver Commitments in excess of 5065% of the aggregate Revolver Commitments; and (b) if the Revolver Commitments have terminated, Revolver Loans and LC Obligations in excess of 5065% of all outstanding Loans and LC ObligationsRevolver Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Arctic Cat Inc)

Required Lenders. Lenders (subject to Section 4.2) having (a) Revolver Commitments in excess of 50% 66?% of the aggregate Revolver Commitments; and (b) if the Revolver Commitments have terminated, Revolver Loans and LC Obligations in excess of 50% 66?% of all outstanding Loans and LC ObligationsRevolver Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Conns Inc)

Required Lenders. Lenders (subject to Section 4.2) having (a) Revolver Commitments in excess of 50% of the aggregate Revolver Commitments; and (b) if the Revolver Commitments have terminated, Revolver Loans and LC Obligations in excess of 50% of all outstanding Loans and LC ObligationsRevolver Loans; provided, however, that at any time there are not more than two Lenders, “Required Lenders” means the consent of both Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Multi Fineline Electronix Inc)

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Required Lenders. Lenders (subject to Section 4.2) having (a) Revolver Commitments in excess of 50% of the aggregate Revolver Commitments; and (b) if the Revolver Commitments have terminated, Loans and LC Obligations with an aggregate outstanding principal amount in excess of 50% of the aggregate outstanding principal amount of all outstanding Loans and LC ObligationsLoans; provided, that, at any time there are fewer than three Lenders, “Required Lenders” shall mean all Lenders (subject to Section 4.2).

Appears in 1 contract

Samples: Loan and Security Agreement (Movado Group Inc)

Required Lenders. Lenders (subject to Section 4.2) having (a) Revolver Commitments in excess of 50% of the aggregate Revolver Commitments; and (b) if the Revolver Commitments have terminated, Revolver Loans and LC Obligations in excess of 50% of all outstanding Loans and LC ObligationsRevolver Loans; provided, that at any time there are 2 or less lenders, “Required Lenders” shall mean all Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Spansion Inc.)

Required Lenders. Lenders (subject to Section 4.2) having (a) Revolver Commitments and Term Loans in excess of 50% of the aggregate Revolver CommitmentsCommitments and Term Loans; and (b) if the Revolver Commitments have terminated, Loans and LC Obligations in excess of 50% of all outstanding Loans and LC ObligationsLoans.

Appears in 1 contract

Samples: Loan and Security Agreement (Nautilus, Inc.)

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