Aggregate Required Lenders definition

Aggregate Required Lenders means, at any time, (a) if the Existing Commitments have not been terminated, Lenders holding at least sixty-six and two-thirds percent (66 2/3%) of the sum of the Existing Commitments and the outstanding Term B Loans or (b) if the Existing Commitments have been terminated, Lenders holding at least sixty-six and two-thirds percent (66 2/3%) of the sum of the outstanding Loans and the outstanding Letter of Credit Obligations and participation interests (including the participation interests of the Issuing Bank in any Letters of Credit); provided, however, that such Lenders must be in compliance with their obligations hereunder (as determined by the Agent).
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Aggregate Required Lenders. “Existing Required Lenders,” “Term B Required Lenders,” “holders of Notes,” or any similar terms shall, unless the context clearly otherwise indicates, include the Agent in its individual capacity. The Agent may accept deposits from, lend money to, acquire equity interests in, and generally engage in any kind of banking, trust, financial advisory or other business with one or more of the Borrowers or any affiliate of one or more of the Borrowers as if it were not performing the duties specified herein, and may accept fees and other consideration from the Borrowers for services in connection with this Credit Agreement and otherwise without having to account for the same with the Lenders.
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Aggregate Required Lenders means, at any time, the Required Revolving Lenders, the Required Term Lenders and the Required Tranche C Term Lenders, each voting as a separate class.
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Examples of Aggregate Required Lenders in a sentence

  • Notwithstanding the foregoing, with the prior written consent of the Agent and Aggregate Required Lenders, the Plan and the Restructuring Documents may be altered or amended to provide that (i) the Purchased Assets will not include all assets of HoldCo, but rather certain assets will remain with HoldCo and (ii) the Reorganized HoldCo Common Stock will be issued, on a Pro Rata basis, to the Prepetition Lenders rather than the Plan Administrator.

  • Subject to section 1127 of the Bankruptcy Code, the conditions to Confirmation and Consummation of the Plan set forth in Article IX of the Plan may be waived by the Debtors, with the consent of the Agent and the Aggregate Required Lenders, without notice, leave or order of the Bankruptcy Court or any formal action other than proceeding to confirm or consummate the Plan.

  • Pursuant to the Plan, the Agent (or its Affiliate), at the direction of the Aggregate Required Lenders, will form NewCo and NewCo will, on the Effective Date, credit bid a principal amount of the Prepetition Credit Agreement Claims and/or DIP Facility Claims equal to the Purchase Price Credit Bid Component and pay the Purchase Price Cash Component, if any, in exchange for the Purchased Assets.

  • The organizational documents and corporate structure for such holding and/or blocker entities shall be acceptable to the Agent and the Aggregate Required Lenders in their sole discretion.

  • In addition to NewCo, the Agent, acting at the direction of the Aggregate Required Lenders, may create one or more holding entities and/or blocker entities that will hold direct or indirect interests in NewCo, with the ownership interests in such 9 Subject to confirmation, including deduction for principal amount of the roll-up.

  • The Borrower has requested that the Aggregate Required Lenders (i) waive the existing Event of Default and (ii) amend certain other provisions of the Credit Agreement, as more particularly described below.

  • All Class 6 Claims may be, with the consent of the Agent and the Aggregate Required Lenders, reinstated, reconciled, cancelled or otherwise compromised as may be necessary or advisable.

  • It shall be a condition to Confirmation of the Plan that the following conditions shall have been satisfied or waived pursuant to the provisions of Article IX.C of the Plan:  The Confirmation Order, the Plan, and the Restructuring Documents shall be in form and substance consistent in all material respects with the Restructuring Term Sheet or otherwise acceptable to the Debtors, the Agent, and the Aggregate Required Lenders; and  The Confirmation Order shall have been entered by the Bankruptcy Court.


More Definitions of Aggregate Required Lenders

Aggregate Required Lenders means at any time lenders under the Revolving Credit Agreement (or the applicable Principal Credit Agreement) which at such time hold commitments and loans thereunder in an aggregate amount which is greater than 50% of the sum of (x) the then aggregate amount of loans outstanding and commitments (based on the equivalent in Dollars at such time) under the Revolving Credit Agreement (or the applicable Principal Credit Agreement)at such time and (y) the aggregate amount of the outstanding Advances or (if none) the outstanding Commitments hereunder at such time; provided that
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Aggregate Required Lenders at any time, Lenders hereunder and Lenders under (and as defined in) the Canadian Credit Agreement which, in the aggregate, have Commitments hereunder and Commitments thereunder (as defined in the Canadian Credit Agreement) aggregating at least 66-2/3% of the sum of the Aggregate Commitment hereunder and the Aggregate Commitment thereunder (and as defined therein).
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Aggregate Required Lenders means at any time lenders under the Revolving Credit Agreement (or the applicable Principal Credit Agreement) which at such time hold commitments and loans thereunder in an aggregate amount which is greater than 50% of the sum of (x) the then aggregate amount of loans outstanding and commitments (based on the equivalent in Dollars at such time) under the Revolving Credit Agreement (or the applicable Principal Credit Agreement) at such time and (y) the aggregate amount of the outstanding Advances or (if none) the outstanding Commitments hereunder at such time; provided that (i) if any lender shall be a defaulting lender under the Revolving Credit Agreement (or the applicable Principal Credit Agreement) at such time and pursuant to the terms of such agreement such lender is excluded from the determination of “Required Lenders” (or any similar term) thereunder at such time, such lender shall be excluded from the determination of Aggregate Required Lenders hereunder and (ii) if any Lender hereunder shall be a Defaulting Lender at such time, such Lender shall be excluded from the determination of Aggregate Required Lenders.
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Aggregate Required Lenders has the meaning assigned to such term in Section 6.11(d).
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Aggregate Required Lenders at any time, Lenders hereunder and Lenders under (and as defined in) the US Credit Agreement which, in the aggregate, have Commitments hereunder and Commitments thereunder (as defined in the US Credit Agreement) aggregating at least 66-2/3% of the sum of the Aggregate Commitment hereunder and the Aggregate Commitment thereunder (and as defined therein).
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Related to Aggregate Required Lenders

  • 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.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments that, taken together, represent more than 50% of the sum of (x) all Revolving Facility Loans outstanding, (y) all Revolving L/C Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

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

  • 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.

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • 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.

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Majority Revolving Credit Lenders means Revolving Credit --------------------------------- Lenders having at least 51% of the aggregate amount of the Revolving Credit Commitments or, if the Revolving Credit Commitments shall have terminated, Lenders holding at least 51% of the sum of (a) the aggregate unpaid principal amount of the Revolving Credit Loans plus (b) the aggregate amount of all Letter of Credit Liabilities.

  • Aggregate Revolving Commitments means, collectively, all Revolving Commitments of all Lenders at any time outstanding.

  • 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.

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $200,000,000.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Required Prepayment Lenders the Majority Facility Lenders in respect of each Facility.

  • 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.

  • Aggregate Revolving Credit Commitments means the Revolving Credit Commitments of all the Lenders.

  • 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.

  • Aggregate Revolving Credit Commitment means the aggregate of the Revolving Credit Commitments of all the Lenders, as reduced or increased from time to time pursuant to the terms hereof. The Aggregate Revolving Credit Commitment as of the date hereof is $250,000,000.

  • Aggregate Revolving Credit Exposure means the aggregate amount of the Lenders’ Revolving Credit Exposures.

  • Required Facility Lenders means, as of any date of determination, with respect to one or more Facilities, Lenders having more than 50% of the sum of (a) the Total Outstandings under such Facility or Facilities and (b) the aggregate unused Commitments under such Facility or Facilities; provided that the unused Commitments of, and the portion of the Total Outstandings under such Facility or Facilities held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of the Required Facility Lenders.

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Required Term Loan Lenders means, at any date, Non-Defaulting Lenders having or holding a majority of the sum of (i) the Adjusted Total Term Loan Commitment at such date and (ii) the aggregate outstanding principal amount of the Term Loans (excluding Term Loans held by Defaulting Lenders) at such date.