Applicable Adjusted Percentage means, with respect to any Revolving Credit Lender at any time, its percentage of the Revolving Credit Facility computed as set forth in the definition of “Applicable Percentage” but with reference only to the Revolving Credit Commitments of all Non-Defaulting Lenders at such time. Absent the existence of one or more Defaulting Lenders at any time of determination, the Applicable Adjusted Percentage of each Revolving Credit Lender shall equal its Applicable Percentage. The Applicable Adjusted Percentage of each Revolving Credit Lender shall adjust automatically whenever a Lender Default occurs or ceases to exist.
Applicable Adjusted Percentage means, with respect to any Lender, the percentage of (a) the Aggregate Commitments minus the Aggregate Ancillary Commitments, represented by (b) such Lender’s Commitment minus such Lender’s Ancillary Commitments. If the Commitments have terminated or expired, the Applicable Adjusted Percentage shall be determined based upon the Commitments and Ancillary Commitments most recently in effect, giving effect to any assignments.
Applicable Adjusted Percentage has the meaning specified in Section 2.12(a)(i).
Examples of Applicable Adjusted Percentage in a sentence
Each Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Applicable Agent, for the account of the Swingline Lender, such Lender’s Applicable Adjusted Percentage of such Swingline Loan or Loans.
Promptly upon receipt of such notice, the Applicable Agent will give notice thereof to each Lender, specifying in such notice such Lender’s Applicable Adjusted Percentage of such Swingline Loan or Loans.
More Definitions of Applicable Adjusted Percentage
Applicable Adjusted Percentage means, with respect to any Lender, the percentage of the Aggregate Commitments represented by such Lender’s Commitment; provided that when a Defaulting Lender shall exist, then such percentage shall mean the percentage of the total Commitments (disregarding any Defaulting Lender’s Commitment) represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Adjusted Percentage shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.
Applicable Adjusted Percentage means, with respect to any Revolving Credit Lender at any time, its percentage of the applicable Facility computed as set forth in the definition of “Applicable Percentage” but with reference only to the Revolving Credit Commitments under such Facility of all Non-Defaulting Lenders at such time. Absent the existence of one or more Defaulting Lenders under the applicable Facility at any time of determination, the Applicable Adjusted Percentage of each Revolving Credit Lender under such Facility shall equal its Applicable Percentage. The Applicable Adjusted Percentage of each Revolving Credit Lender shall adjust automatically whenever a Lender Default occurs or ceases to exist under or with respect to an applicable Facility.
Applicable Adjusted Percentage means, with respect to any Lender, the percentage of the Aggregate Revolving Commitments, represented by such Lender’s Revolving Commitment; provided that when a Defaulting Lender shall exist, then such percentage shall mean the percentage of the total Revolving Commitments (disregarding any Defaulting Lender’s Revolving Commitment) represented by such Lender’s Revolving Commitment (if the Revolving Commitments have terminated or expired, the Applicable Adjusted Percentages shall be determined based upon such Lender’s share of the aggregate Revolving Credit Exposures at that time).
Applicable Adjusted Percentage means, with respect to any Lender at any time, its percentage of the Aggregate Commitments computed as set forth in the definition of “Applicable Percentage” but with reference only to the Credit Commitments of all Non- Defaulting Lenders at such time. Absent the existence of one or more Defaulting Lenders at any time of determination, the Applicable Adjusted Percentage of each Lender shall equal its Applicable Percentage. The Applicable Adjusted Percentage of each Lender shall adjust automatically whenever a Lender Default occurs or ceases to exist.
Applicable Adjusted Percentage means, with respect to any Lender, the percentage of (a) the Aggregate Revolving Commitments minus the Aggregate Ancillary Commitments, represented by (b) such Lender's Revolving Commitment minus such Lender's Ancillary Commitments; provided that when a Defaulting Lender shall exist, then such percentage shall mean the percentage of the total Revolving Commitments (disregarding any Defaulting Lender’s Revolving Commitment) represented by such Lender’s Revolving Commitment (if the Revolving Commitments have terminated or expired, the Applicable Adjusted Percentages shall be determined based upon such Lender’s share of the aggregate Revolving Exposures at that time). If the Revolving Commitments have terminated or expired, the Applicable Adjusted Percentage shall be determined based upon the Revolving Commitments and, to the extent Ancillary Commitments are outstanding at the time of termination or expiration of the Revolving Commitments, Ancillary Commitments most recently in effect, giving effect to any assignments.
Applicable Adjusted Percentage has the meaning specified in Section 2.12(a)(i). “Applicable Authority” means the Term SOFR Administrator or a Governmental Authority having jurisdiction over the Administrative Agent. “applicable Borrower(s)” or “applicable Loan Parties” means (i) with respect to any Canadian Revolving Credit Loan to the Canadian Borrower or other Canadian Obligations directly attributable to the Loan Parties in respect of such Canadian Revolving Credit Loan to the Canadian Borrower, the Canadian Borrower or the Loan Parties, respectively, (ii) with respect to any Canadian Revolving Credit Loan to the U.S. Borrower or other U.S. Obligations directly attributable to the U.S. Loan Parties in respect of such Canadian Revolving Credit Loan to the U.S. Borrower, the U.S. Borrower or the U.S. Loan Parties, respectively, and (iii) with respect to any other U.S. Obligations hereunder, the U.S. Borrower or the U.S. Loan Parties, respectively. “Applicable Fee Rate” means (i) until the end of the first full fiscal quarter commencing after the Closing Date, 0.375% per annum and (ii) thereafter (x) so long as no Default or Event of Default has occurred and is continuing, the applicable percentage per annum set forth below determined by reference to the average daily Revolving Credit Exposure for the immediately preceding fiscal quarter: - 4- CG&R Draft Current date: 03/02/2023 10:05 AM 63515514v23CG&R Draft Current date: 03/01/2023 4:17 PM 70014411v6
Applicable Adjusted Percentage means, with respect to any Lender at any time, its percentage of the Facility computed as set forth in the definition of “Applicable Percentage” but with reference only to the Commitments or Loans (as applicable) under the Facility of all non-Defaulting Lenders at such time. Absent the existence of one or more Defaulting Lenders under the Facility at any time of determination, the Applicable Adjusted Percentage of each Lender under the Facility shall equal its Applicable Percentage. The Applicable Adjusted Percentage of each Lender shall adjust automatically whenever a Lender Default occurs or ceases to exist under or with respect to the Facility.