Adjusted Commitment Percentage means, at any time for any Lender, the percentage obtained by dividing such Lender’s Unutilized Commitment at such time by the Unutilized Total Commitment at such time.
Adjusted Commitment Percentage means, for a Committed Lender with respect to a specific Noncommitted Lender, the Commitment of such Committed Lender as a percentage of the Maximum Loan Amount of such Noncommitted Lender.
Adjusted Commitment Percentage means, with respect to any Non-Defaulting Backstop Party, in the case of a Funding Default committed by a Backstop Party with respect to the deposit of its Aggregate Purchase Price attributable to its Backstop Commitment Securities, a fraction, expressed as a percentage, the numerator of which is the Backstop Commitment Percentage of such Non-Defaulting Backstop Party and the denominator of which is the sum of the Backstop Commitment Percentages of all Non-Defaulting Backstop Parties.
Examples of Adjusted Commitment Percentage in a sentence
Each Backstop Party that is not a Defaulting Backstop Party (each, a “Non-Defaulting Backstop Party”) shall have the right, but not the obligation, to assume its Adjusted Commitment Percentage (or such other proportion as agreed by the Non-Defaulting Backstop Parties) of such Defaulting Backstop Party’s Backstop Commitment.
Upon the election of the Swingline Lender at any time, all outstanding Swingline Advances (including Swingline Advances made pursuant to Section 2.5(c) below) designated by the Swingline Lender shall be reallocated among all Lenders in accordance with each Lender's Adjusted Commitment Percentage, and each such Swingline Advance shall thereafter be deemed for all purposes a Federal Funds Advance.
Upon a reduction of the Aggregate Commitment pursuant to the preceding sentence, each Lender's General Commitment shall be decreased pro rata in accordance with such Lender's Adjusted Commitment Percentage.
All other Advances shall be funded on a pro rata basis among all Lenders in accordance with each Lender's Adjusted Commitment Percentage.
Each Balance Bank (other than Non-Lender Balance Banks) shall retain its Adjusted Commitment Percentage share of the Face Amount of each Discount Advance, which shall constitute a Discount Loan owing to the Balance Bank.
More Definitions of Adjusted Commitment Percentage
Adjusted Commitment Percentage means, with respect to any Non-Defaulting Commitment Party, (i) in the case of a default relating to a Subscription Commitment (A) a fraction, expressed as a percentage, the numerator of which is the Direct Subscription Commitment Percentage of such Non-Defaulting Commitment Party and the denominator of which is the aggregate Direct Subscription Commitment Percentage of all Non-Defaulting Commitment Parties or (B) such other percentage as otherwise agreed between such Non -Defaulting Commitment Party and the remaining Non-Defaulting Commitment Parties and (ii) in the case of a default relating to a Backstop Commitment Percentage, (A) a fraction, expressed as a percentage, the numerator of which is the Backstop Commitment Percentage of such Non-Defaulting Commitment Party and the denominator of which is the aggregate Backstop Commitment Percentage of all Non-Defaulting Commitment Parties or (B) such other percentage as otherwise agreed between such Non-Defaulting Commitment Party and the remaining Non-Defaulting Commitment Parties. No Defaulting Commitment Party shall be entitled to any portion of the Backstop Commitment Premium and all distributions of New Equity Interests distributable to a Defaulting Commitment Party, including on account of the Backstop Commitment Premium, shall either (i) to the extent assumed by Non-Defaulting Commitment Parties, be re-allocated contractually and turned over as liquidated damages (including any Backstop Commitment Premium) to such Non-Defaulting Commitment Parties that have elected to subscribe for their Adjusted Commitment Percentage, or (ii) if not assumed by the Non-Defaulting Commitment Parties, be forfeited and retained by the Debtors, as applicable.
Adjusted Commitment Percentage means, for each Lender as of any date, the quotient of (i) such Lender's General Commitment divided by (ii) the Aggregate Commitment minus the Swingline Commitment, which Adjusted Commitment Percentage shall initially be as set forth on Exhibit C for each Lender.
Adjusted Commitment Percentage with respect to any non-Defaulting Lender, the quotient (expressed as a percentage) of such Lender’s Commitment divided by the aggregate Commitments of all non-Defaulting Lenders.
Adjusted Commitment Percentage means, with respect to any Non-Defaulting Commitment Party, a percentage expressed as a fraction, the numerator of which is the Commitment Percentage of such Non-Defaulting Commitment Party and the denominator of which is the Commitment Percentages of all Non-Defaulting Commitment Parties.
Adjusted Commitment Percentage means, with respect to any Non-Defaulting Investor a percentage expressed as a fraction, the numerator of which is the Total Investor Commitment Amount of such Non-Defaulting Investor and the denominator of which is the Total Investor Commitment Amount of all Non-Defaulting Investors.
Adjusted Commitment Percentage means, with respect to any Non-Defaulting Backstop Party, a fraction, expressed as a percentage, the numerator of which is the Backstop Commitment Percentage of such Non-Defaulting Backstop Party and the denominator of which is the aggregate Backstop Commitment Percentages of all Non-Defaulting Backstop Parties. No Defaulting Backstop Party shall be entitled to any portion of the Backstop Commitment Premium (as defined in the Backstop Commitment Term Sheet referred to in the RSA) and all distributions of New Common Stock distributable to a Defaulting Backstop Party, including on account of the Backstop Commitment Premium, shall be either (i) to the extent assumed by Non-Defaulting Backstop Parties, re-allocated contractually and turned over as liquidated damages (including any Backstop Commitment Premium) to those Non-Defaulting Backstop Parties that have elected to subscribe for their full Adjusted Commitment Percentage, or (ii) if not assumed by the Non-Defaulting Backstop Parties, forfeited and retained by the Company, as applicable.
Adjusted Commitment Percentage means, with respect to any Non-Defaulting Backstop Commitment Party that elects to purchase Backstop Commitment Shares not purchased by Defaulting Backstop Commitment Parties, a fraction, expressed as a percentage, the numerator of which is the Backstop Commitment, of such Non-Defaulting Backstop Commitment Party and the denominator of which is the aggregate Backstop Commitments of all Non-Defaulting Backstop Commitment Parties that elect to purchase Backstop Commitment Shares not purchased by Defaulting Backstop Commitment Parties. Affiliate: means, with respect to any Person, any other Person that directly or indirectly controls, or is under common control with, or is controlled by, such Person. As used in this definition, “control” (including with its correlative meanings, “controlled by” and “under common control with”) shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person (whether through ownership of securities or partnership or other ownership interests, by Contract or otherwise).