Practical Law Glossary Item 4-382-3762 (Approx. 2 pages)
Glossary
Requisite Class Lenders
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.