Applicable Loan Percentage means (i) with respect to any Tranche 1 Lender at any time, the percentage (carried out to the ninth decimal place) of the aggregate Outstanding Amount of all Tranche 1 Loans represented by the aggregate Outstanding Amount of such Tranche 1 Lender’s Tranche 1 Loans at such time, and (ii) with respect to any Tranche 2 Lender at any time, the percentage (carried out to the ninth decimal place) of the aggregate Outstanding Amount of all Tranche 2 Loans represented by the aggregate Outstanding Amount of such Tranche 2 Lender’s Tranche 2 Loans at such time.
Applicable Loan Percentage means, collectively or individually as context requires (a) in respect of the Term A-2 Facility, with respect to any Term A-2 Lender at any time, the percentage (carried out to the ninth decimal place) of the Term A-2 Loans represented by the principal amount of such Term A-2 Lender’s Term A-2 Loans at such time, (b) in respect of the Term A-3 Facility, with respect to any Term A-3 Lender at any time, the percentage (carried out to the ninth decimal place) of the Term A-3 Loans represented by the principal amount of such Term A-3 Lender’s Term A-3 Loans at such time and (c) in respect of the Term A-5 Facility, with respect to any Term A-5 Lender at any time, the percentage (carried out to the ninth decimal place) of the Term A-5 Loans represented by the principal amount of such Term A-5 Lender’s Term A-5 Loans at such time.
Applicable Loan Percentage means, with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of the Aggregate Commitments represented by such Lender’s Commitment at such time, subject to adjustment as provided in Section 2.16. The initial Applicable Loan Percentage of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable.
Examples of Applicable Loan Percentage in a sentence
The Administrative Agent will promptly distribute to each Appropriate Lender its Applicable Loan Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office.
More Definitions of Applicable Loan Percentage
Applicable Loan Percentage means (i) with respect to any 364-Day Tranche Lender at any time, the percentage (carried out to the ninth decimal place) of the aggregate Outstanding Amount of all 364-Day Tranche Loans represented by the aggregate Outstanding Amount of such 364-Day Tranche Lender’s 364-Day Tranche Loans at such time, and (ii) with respect to any 5-Year Tranche Lender at any time, the percentage (carried out to the ninth decimal place) of the aggregate Outstanding Amount of all 5-Year Tranche Loans represented by the aggregate Outstanding Amount of such 5-Year Tranche Lender’s 5-Year Tranche Loans at such time.
Applicable Loan Percentage means a fraction, expressed as a percentage, the numerator of which is the aggregate principal amount of xxxxxx Loans then outstanding under this Agreement and the denominator of which is the aggregate principal amount then outstanding of Parity Lien Debt (as defined in the Collateral Trust Agreement).
Applicable Loan Percentage corresponding to Shiloh's Consolidated Ratio of Funded Debt to EBITDA as of the Determination Date applicable thereto. Any such adjustment of the Applicable Loan Percentage shall cease to be effective commencing on the earliest of (x) the next Interest Adjustment Date, (y) the Banking Day following the day on which the financial statements required to be delivered under Section 8.1(a) or 8.1(b), as the case may be, for the period ending as of the last day of the Fiscal Quarter or Fiscal Year immediately preceding the date upon which the then Applicable Loan Percentage shall cease to be effective or (z) the date upon which an Event of Default shall occur. The Applicable Loan Percentage effective from such earlier date and from time to time thereafter shall be the Applicable Loan Percentage as may be applicable at such time pursuant to this Section 3.5(b); provided, however, that (A) if an Event of Default (other than an Event of Default under Section 10.1) shall occur, the Applicable Loan Percentage shall be 2.0% per annum in excess of the rate per annum required to be paid on such Loans immediately prior to the date on which such Event of Default shall have occurred and (B) if an Event of Default under Section 10.1 shall occur, the interest rate shall be the interest rate in effect pursuant to Section 3.5(c).
Applicable Loan Percentage means (i) with respect to any Tranche 1 Lender at any time, the percentage (carried out to the ninth decimal place) of the aggregate Outstanding Amount of all Tranche 1 Loans represented by the aggregate Outstanding Amount of such Tranche 1 Lender’s Tranche 1 Loans at 2 1006836498v2
Applicable Loan Percentage means with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of the Class A Loan Commitment or Class X- 0 Loan Commitment, as applicable, represented by such Lender’s Class A Loan Commitment or Class A-1 Loan Commitment at such time, subject to adjustment as provided in Section 2.12. “Applicable Percentage” means with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of the Aggregate Commitments represented by such Lender’s Commitment at such time, subject to adjustment as provided in Section 2.12. If the commitment of each Lender to make Loans has been terminated pursuant to Section 8.02 or if the Aggregate Commitments have expired, then the Applicable Percentage of each Lender shall be determined based on the Applicable Percentage of such Lender most recently in effect, giving effect to any subsequent assignments by any Lender. The initial Applicable Percentage of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable. For the avoidance of doubt, the Applicable Percentage is based on the Aggregate Commitments and is determined irrespective of the amounts of any Class A Loan Commitment or Class A-1 Loan Commitment. “Applicable Rate” means a per annum rate equal to the number set forth in Schedule 1.01. “Approved Dealer” has the meaning specified in Annex C. “Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. “Arranger” means Bank of America, an affiliate of Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, in its capacity as sole lead arranger and sole book manager. “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 10.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit C-1 or any other form (including electronic documentation generated by use of an electronic platform) approved by the Administrative Agent. “Audited Financial Statements” means, for any fiscal year, the audited consolidated balance sheet of the BDC Parent for such fiscal year ended December 31, and the related consolidated statements of income or operations, shareholders’ equity and ca...
Applicable Loan Percentage means with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of the aggregate Outstanding Amount of all Loans represented by the aggregate Outstanding Amount of such Xxxxxx's Loans at such time.
Applicable Loan Percentage means, collectively or individually as context requires (a) in respect of the Term A-3 Facility, with respect to any Term A-3 Lender at any time, the percentage (carried out to the ninth decimal place) of the Term A-3 Loans represented by the principal amount of such Term A-3 Lender’s Term A-3 Loans at such time and (b) in respect of the Term A-5 Facility, with respect to any Term A-5 Lender at any time, the percentage (carried out to the ninth decimal place) of the Term A-5 Loans represented by the principal amount of such Term A-5 Lender’s Term A-5 Loans at such time.