Required FILO Lenders means, at any time, FILO Term Loan Lenders having FILO Term Loan Commitments and FILO Term Loans outstanding that, taken together, represent more than 50.0% of the sum of all FILO Term Loan Commitments and FILO Term Loans outstanding at such time; provided that, without limiting the restrictions in the definition of Ineligible Institution, for the purpose of determining the Required FILO Lenders needed for any waiver, amendment, modification or consent of or under this Agreement or any other Loan Document, any FILO Term Loan Lender that is a Borrower or an Affiliate of a Borrower shall be disregarded.
Required FILO Lenders means, as of any date of determination, Lenders holding more than 50% of the Outstanding Amount of FILO Loans; provided that the FILO Loans held by any Defaulting Lender shall be excluded for all purposes of making a determination of Required FILO Lenders.
Required FILO Lenders means, at any time (a) prior to the funding of the FILO Loans on the Closing Date, FILO Lenders holding FILO Commitments aggregating more than fifty percent (50%) of the Total FILO Commitments, and (b) thereafter, FILO Lenders whose percentage of the Total FILO Outstandings, aggregate more than fifty percent (50%) of such Total FILO Outstandings. The FILO Commitments and the share of Total FILO Outstandings of any Defaulting Lender shall be disregarded in determining Required FILO Lenders at any time.
Examples of Required FILO Lenders in a sentence
Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower and with the consent of the Required FILO Lenders (to the extent any FILO Loans shall be outstanding at such time), to appoint a successor acting in the same capacity as the resigning Agent, 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.
These County officials include: Washoe County license staff; The Washoe County Sheriff; The Truckee Meadows Fire Protection District Fire Marshall; The North Lake Tahoe Fire Protection District Fire Marshall; The Washoe County District Health Officer; and/or The designated staff of these agencies and officials.These inspections may be with or without notice, and include required annual inspections for business license, safety, health, and sanitation.
She was pleased that a footpath was proposed within the development but wanted to see the footpath provided straight away and build at the same time as the houses and with more suitable materials, not gravel which was proposed.
More Definitions of Required FILO Lenders
Required FILO Lenders. “Supermajority FILO Lenders” or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent of each Lender; (f) except as expressly permitted hereunder or under any other Loan Document, release, or limit the liability of, any Loan Party without the written consent of each Lender; (g) except for Permitted Dispositions, release all or substantially all of the Collateral from the Liens of the Security Documents without the written consent of each Lender; (h) except as provided in Section 2.15, increase the Aggregate ABL Commitments (or increase the amounts defined as the Commitment Increases in Section 2.15) without the written consent of each ABL Lender; (i) increase the FILO Commitments without the written consent of each FILO Lender; (j) (i) increase any advance rate percentage set forth in the definition of (A) “ABL Borrowing Base” or otherwise change the definition of the term “ABL Borrowing Base” or any component definition thereof if as a result thereof the amounts available to be borrowed by the Borrowers would be increased, in each case, without the written consent of the Supermajority ABL Lenders, or (B) “FILO Borrowing Base” or otherwise change the definition of the term “FILO Borrowing Base” or any component definition thereof if as a result thereof the amounts available to be borrowed by the Borrowers would be increased, in each case, without the written consent of the Supermajority FILO Lenders, or (ii) change the definition of “FILO Push Down Reserve” (or any component definition of such term) or cease to deduct from the ABL Borrowing Base (or fail to establish or maintain) the FILO Push Down Reserve, in each case, without the written consent of the Supermajority FILO Lenders; provided, that the foregoing clause (j) shall not limit the discretion of the Agent to change, establish or eliminate any reserves or to exercise any other discretion that the Agent may have in respect of any of the provisions referenced in this clause (j); (k) modify the definition of Permitted Overadvance so as to extend or postpone the date for the repayment thereof if there is no Liquidation, without the written consent of each Lender; (l) at any time that any Real Estate is included in the Collateral, add, increase, renew or extend any Credit Extension or Commitment hereunder, unless (i) the Agent shall ...
Required FILO Lenders means, as of any date of determination, FILO Lenders holding more than 50.0% of the Aggregate FILO Commitments or, if the commitment of each FILO Lender to make FILO Loans has been terminated pursuant to Section 8.02, FILO Lenders holding in the aggregate more than 50.0% of the Total Outstandings with respect to the FILO Credit Facility (with the aggregate amount of each FILO Lender’s risk participation and funded participation in Swing Line Loans being deemed “held” by such FILO Lender for purposes of this definition); provided, that the FILO Commitment of, and the portion of the Total Outstandings with respect to the FILO Credit Facility held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required FILO Lenders (provided, that the amount of any participation in any Swing Line Loan under the FILO Credit Facility shall be deemed to be held by the FILO Lender that is the Swing Line Lender in making such determination).
Required FILO Lenders means, at any time, FILO Term Loan Lenders having FILO Term Loans outstanding that, taken together, represent more than 50.0% of the sum of all FILO Term Loans outstanding at such time; provided that, without limiting the restrictions in the definition of Ineligible Institution, for the purpose of determining the Required FILO Lenders needed for any waiver, amendment, modification or consent of or under this Agreement or any other Loan Document, any FILO Term Loan Lender that is a Borrower or an Affiliate of a Borrower shall be disregarded.
Required FILO Lenders means, as of any date of determination, (a) prior to the funding of the FILO Loans on the Amendment No. 1 Effective Date, at least two FILO Lenders who are not Affiliates of one another (so long as there are not less than two such FILO Lenders) holding more than fifty percent (50%) of the Aggregate FILO Commitments and (b) thereafter, at least two FILO Lenders who are not Affiliates of one another (so long as there are not less than two such FILO Lenders) holding in the aggregate more than fifty percent (50%) of the Total FILO Outstandings; provided that the FILO - 57- 6245414.1
Required FILO Lenders means, as of any date of determination, FILO Lenders holding FILO Loans aggregating more than fifty percent (50%) of the aggregate amount of the FILO Loans outstanding.
Required FILO Lenders means, at any time, at least two FILO Lenders (that are not Affiliates) holding in the aggregate more than 50% of the FILO Term Loan at such time.
Required FILO Lenders at any time, the holders of more than 50% of the aggregate unpaid principal amount of the FILO Term Loans then outstanding; provided that at no time will FILO Term Loans held by Defaulting Lenders be included in determining whether the “Required FILO Lenders” threshold is met.