Aggregate Applicable Percentage definition
Aggregate Applicable Percentage means, with respect to each Lender at any time, the sum of such Lender’s Credit Exposure and Unused Commitment at such time divided by the sum of the Aggregate Credit Exposure and Aggregate Unused Commitment at such time, unless the Aggregate Commitment has been terminated in which case it shall be such Lender’s Credit Exposure at such time divided by the Aggregate Credit Exposure at such time.
Aggregate Applicable Percentage means at any time, with respect to each Lender, a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is such Lender’s aggregate Commitments and the denominator of which is the sum of the Aggregate Domestic Commitments and the Dollar Equivalent of the Aggregate Canadian Commitments, in each case immediately prior to any termination of the Commitments.
Aggregate Applicable Percentage means, with respect to any Lender, the percentage of the sum of the total Revolving Credit Commitments, Term Commitments and outstanding Term Loans represented by such Lender's Revolving Credit Commitment, Term Commitment and outstanding Term Loans. If the Revolving Credit Commitments have terminated or expired, the Aggregate Applicable Percentages shall be determined based upon the Revolving Credit Commitments most recently in effect, giving effect to any assignments.
Examples of Aggregate Applicable Percentage in a sentence
It is the intention of the Lenders that after giving effect to the foregoing, each Lender shall hold an interest in each outstanding Loan and L/C Obligation equal to such Lender’s Aggregate Applicable Percentage, and each Lender agrees to take such actions as may be reasonably requested by the Administrative Agents to effect the foregoing.