Reducing Percentage Lender means each then existing Lender immediately prior to giving effect to any Commitment Increase that does not increase its respective Commitment as a result of such Commitment Increase and whose relative percentage of the Commitments shall be reduced after giving effect to such Commitment Increase; and (iii) “Reduction Amount” means the amount by which a Reducing Percentage Lender’s outstanding Loans decrease as of any Commitment Increase Effective Date (without regard to the effect of any borrowings made on such Commitment Increase Effective Date after giving effect to the Commitment Increase occurring on such Commitment Increase Effective Date).
Reducing Percentage Lender has the meaning set forth in Section 2.02(d).
Reducing Percentage Lender means each then existing Lender immediately prior to giving effect to the Commitment Increase that does not increase its respective Commitment as a result of the Commitment Increase and whose relative percentage of the Commitments shall be reduced after giving effect to such Commitment Increase.
Examples of Reducing Percentage Lender in a sentence
Data and reports are submitted to respective stakeholders no later than ten (10) days following the reporting month, unless an alternative timeline has been formally negotiated.
Each Reducing Percentage Lender and the Increasing Percentage Lender hereby acknowledges and confirms that, as of the date hereof and after giving effect to this Agreement, its respective Commitment is as set forth next to its name on Schedule 1 attached hereto.
More Definitions of Reducing Percentage Lender
Reducing Percentage Lender each then existing Lender immediately prior to giving effect to a Commitment Increase, which Lender shall not increase its respective Commitment in connection with such Commitment Increase (with the result that the relative percentage of the aggregate total Commitments of such Lender shall be reduced after giving effect to such Commitment Increase).
Reducing Percentage Lender is defined in Section 2.9(d).
Reducing Percentage Lender has the meaning specified in Section 2.15.
Reducing Percentage Lender means each then existing Lender immediately prior to giving effect to the Commitment Increase whose relative percentage of the Commitments shall be reduced after giving effect to such Commitment Increase; and (iii) “Reduction Amount” means, with respect to any Reducing Percentage Lender, the amount equal to (x) the aggregate principal amount of the outstanding Loans immediately prior to giving effect to the Commitment Increase, if any, as of a Commitment Increase Effective Date (without regard to any increase in the aggregate principal amount of Loans as a result of borrowings made after giving effect to the Commitment Increase on such Commitment Increase Effective Date) times (y) the amount (expressed as a decimal) by which such Reducing Percentage Lender’s Applicable Percentage immediately prior to such increase exceeds such Reducing Percentage Lender’s Applicable Percentage after giving effect to the Commitment Increase.
Reducing Percentage Lender has the meaning set forth in Section 2.02(d)(ii). “Reduction Amount” has the meaning set forth in Section 2.02(d)(iii). “Register” has the meaning set forth in Section 9.04(b)(iv).
Reducing Percentage Lender is defined in Section 2.21.
Reducing Percentage Lender means each then existing Revolving Lender immediately prior to giving effect to the Revolving Commitment Increase that does not increase its respective Revolving Commitment as a result of the Revolving Commitment Increase and whose relative percentage of the Revolving Commitments shall be reduced after giving effect to such Revolving Commitment Increase; and (C) “Reduction Amount” means the amount by which a Reducing Percentage Lender’s outstanding Revolving Loans decrease as of the Commitment Increase Effective Date (without regard to the effect of any borrowings made on such Commitment Increase Effective Date after giving effect to the Revolving Commitment Increase).