Required Term B Lenders definition

Required Term B Lenders means, as of any date of determination, Term B Lenders holding more than 50% of the Term B Facility on such date; provided that the portion of the Term B Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term B Lenders.

Required Term B Lenders means, as of any date of determination, Lenders holding more than fifty percent (50%) of the aggregate principal amount of Term B Loan Commitments (or, from and after the initial borrowings hereunder, the Term B Loans); provided that the Term B Loan Commitments held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term Lenders.

Required Term B Lenders means, as of any date of determination, Term B Lenders having Total Term B Loan Exposure representing more than 50% of the Total Term B Loan Exposure of all Term B Lenders on such date; provided that the portion of the Term B Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term B Lenders.

Examples of Required Term B Lenders in a sentence

• Where any Murabaha Finance Document specifies a minimum period of notice to be given to the Investment Agent, the Investment Agent may, at its discretion, accept a shorter notice period.

• The Administrative Agent shall have received a Consent in the form of Exhibit A to this Amendment, duly executed by each Existing Term B Lender (excluding any Non-Consenting Lender (as defined below)) and other Lenders representing (i) the Required Term B Lenders and (ii) the Required Lenders immediately prior to the Amendment No. 2 Effective Date, in each case, by the Consent Deadline.

• Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definitions of Required Lenders, Required Term A Lenders, Required Term B Lenders, Required Pro Rata Lenders or Required Revolving Lenders.

• During the existence of an Event of Default, (i) no Revolving Credit Loans may be requested as, converted to or continued as Eurodollar Rate Loans without the consent of the Required Revolving Lenders and (ii) no Term B Loans may be converted to or continued as Eurodollar Rate Loans without the consent of the Required Term B Lenders.

• With respect to the Term B Priority Collateral, following the Termination Declaration Date, subject to the Remedies Notice Period, the Term B Agent may (and at the request of the Required Term B Lenders shall), on behalf of itself and the Term B Lenders, direct the Working Capital Agent to take all rights and remedies available to it and the Term B Lenders under the DIP Loan Documents or applicable law against the Term B Priority Collateral.

More Definitions of Required Term B Lenders

Required Term B Lenders means Term B Lenders holding in the aggregate more than 50% of the aggregate outstanding principal amount of all Term B Loans and Term B Commitments.

Required Term B Lenders means, collectively, Term B Lenders having more than 50% of the principal amount of the Term B Loans then outstanding. For the avoidance of doubt, the principal amount of Term B Loans outstanding of any Defaulting Lender shall not be included in the numerator or the denominator for the calculation of “Required Term B Lenders” for purposes hereof.

Required Term B Lenders means, at any time, Lenders having Initial Term B Loans and unused Initial Term B Loan Commitments representing more than 50% of the sum of the total Initial Term B Loans and unused Initial Term B Loan Commitments at such time.

Required Term B Lenders means, at any time, Lenders holding more than 50% of the Term B Facility at such time. The portion of the Term B Facility held by any Defaulting Lender shall be disregarded in determining Required Term B Lenders at any time.

Required Term B Lenders means, as of any date of determination, Term B Lenders and Nexstar Term B Lenders holding more than 50% of the sum of the (a) Total Term B Loan Outstandings and (b) Nexstar Total Term B Loan Outstandings. The (i) portion of the Total Term B Loan Outstandings held or deemed held by, any Defaulting Lender and (ii) portion of the Nexstar Total Term B Loan Outstandings held or deemed held by, any Nexstar Defaulting Lender, in each case, shall be disregarded in determining Required Term B Lenders at any time.

Required Term B Lenders at any time, the holders of more than 50% of the sum of the aggregate unpaid principal amount of the Term B Loans held by all Lenders under the Term Loan B Facility, or, if no such principal amount is then outstanding, Lenders having greater than 50% of the aggregate Commitments under such Facility; provided that the Aggregate Exposure of any Defaulting Lender shall be disregarded in making any determination under this definition.

Required Term B Lenders means, as of any date of determination, Term B Lenders and Mission Term B Lenders holding more than 50% of the sum of the (a) Total Term B Loan Outstandings and (b) Mission Total Term B Loan Outstandings. The (i) portion of the Total Term B Loan Outstandings held or deemed held by, any Defaulting Lender and (ii) portion of the Mission Total Term B Loan Outstandings held or deemed held by, any Mission Defaulting Lender, in each case, shall be disregarded in determining Required Term B Lenders at any time.