requisite class lenders

requisite class lenders
USA
Typically defined in a loan agreement to mean, as of any date, the required lenders within a class of loan under a loan agreement (for example, 50% of term lenders or 50% of revolving commitment lenders). Requisite class lender approval may be required for certain amendments and waivers to the loan agreement relating to a particular class of loan.
For further information, see Practice Note, Loan Agreement: Amendments (www.practicallaw.com/5-382-7142).
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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