Common use of Required Revolving Credit Lenders Clause in Contracts

Required Revolving Credit Lenders. As of any date, the Revolving Credit Lenders whose aggregate Commitments constitute at least fifty-one percent (51%) of the Total Commitment, or if the Commitments have been terminated, at least fifty-one percent (51%) of the sum of the Revolving Credit Loans outstanding PLUS participating interests in the Maximum Drawing Amounts of Letters of Credit outstanding PLUS Swing Line Loans outstanding PLUS unpaid Reimbursement Obligations in respect of Letters of Credit outstanding. REPLACEMENT LENDER. See ss.5.11.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Nationsrent Inc), Credit and Term Loan Agreement (Nationsrent Inc)

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Required Revolving Credit Lenders. As of any date, the Revolving Credit Lenders whose aggregate Commitments constitute at least fifty-one percent (51%) of the Total Commitment, or if the Commitments have been terminated, at least fifty-one percent (51%) of the sum of the Revolving Credit Loans outstanding PLUS plus participating interests in the Maximum Drawing Amounts of Letters of Credit outstanding PLUS plus Swing Line Loans outstanding PLUS plus unpaid Reimbursement Obligations in respect of Letters of Credit outstanding. REPLACEMENT LENDERReplacement Lender. See ss.5.11.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Nationsrent Inc)

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Required Revolving Credit Lenders. As of any date, the Revolving Credit Lenders whose aggregate Commitments constitute at least fifty-one percent (51%) of the Total Commitment, or if the Commitments have been terminated, at least fifty-one percent (51%) of the sum of the Revolving Credit Loans outstanding PLUS participating interests in the Maximum Drawing Amounts of Letters of Credit outstanding PLUS Swing Line Loans outstanding PLUS unpaid Reimbursement Obligations in respect of Letters of Credit outstanding. REPLACEMENT LENDER. See ss.5.11SECTION 5.11.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Nationsrent Inc)

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