Derivatives · glossary
Lenders holding more than two-thirds of the loan's total commitments, who can waive a term of the loan. The commitments include the revolving facility, so the base is €40,000,000, not the €35,000,000 term loan. The consent letter was signed by lenders with €31,000,000, more than three-quarters. FA definition: Majority Lenders · Chapter 5
Explained in Chapter 5, Representations, Undertakings and the Paper Trail, of Derivatives.
The main page for this term is Majority Lenders, in Finance Deals & Syndicated Lending.
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