Common use of Percentages Clause in Contracts

Percentages. The Company shall use commercially reasonable efforts to the extent practicable (taking into account the minimum denominations required for prepayments) to allocate prepayments hereunder such that, after giving pro forma effect to each such prepayment, the percentage of unused Tranche 1 Commitments relative to the Aggregate Tranche 1 Commitments and unused Tranche 2 Commitments relative to the Aggregate Tranche 2 Commitments are approximately equal; provided that, the failure to maintain such approximately equal percentages shall not be a Default or Event of Default hereunder.

Appears in 5 contracts

Samples: Credit Agreement (Warner Bros. Discovery, Inc.), Credit Agreement (Discovery, Inc.), Credit Agreement (Discovery, Inc.)

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