Required Guarantors

Required Guarantors. Has the meaning given to that term in the Reimbursement Agreement.

Required Guarantors. Shall mean, as of any date, Guarantors that have paid to Bank more than fifty percent (50%) of the aggregate Drawn Amounts, and if no Drawn Amounts are outstanding, the Guarantors whose aggregate Guaranty Commitment constitutes more than fifty percent (50%) of the aggregate Guaranty Commitments of all Guarantors; provided that "ninety percent (90%)" shall be substituted in place of the above-referenced percentages in the following circumstances: (A) appointment of a successor Agent under... Section 7(i), (B) executing and delivering a release under Section 7(k) of Liens on Collateral in the aggregate valued in excess of $1,000,000, and (C) the consent required pursuant to Section 4(a)(iii) and (D) notwithstanding any provision in this Agreement or the Operative Documents, engaging in any action or transaction, including without limitation amendment or modification of this Agreement or the Operative Documents that (i) materially adversely affects the rights of any Guarantor in a manner different than any other Guarantor, or (ii) could reasonably be expected to prejudice or otherwise treat inequitably the interests of any Guarantor in relation to the rights of any other Guarantor, which actions or transactions shall require the approval of that percentage of Guarantors referenced in this proviso. View More

Required Guarantors. Shall mean, as of any date, Guarantors that have paid to Bank more than fifty percent (50%) of the aggregate Drawn Amounts, and if no Drawn Amounts are outstanding, the Guarantors whose aggregate Guaranty Commitment constitutes more than fifty percent (50%) of the aggregate Guaranty Commitments of all Guarantors. 7