Applicable Term Loan Percentage means, with respect to any Term Lender, the percentage of the total Term Loans of all of the Term Lenders represented by such Term Lender’s Term Loans as such percentage as of the Effective Date is set forth on Annex I.
Applicable Term Loan Percentage means, with respect to any Lender at any time, the percentage (carried out to the ninth decimal) of such Lender’s respective portion of the aggregate outstanding principal amount of Term Loans. The Applicable Term Loan Percentage with respect to Term Loans made on the Closing Date of each Lender is set forth opposite the name of such Lender on Schedule 2.01B under the caption “Term Loan Percentage” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable.
Applicable Term Loan Percentage means, with respect to any Lender at any time, the percentage (carried out to the ninth decimal) of such Lender’s respective portion of the aggregate outstanding principal amount of Term Loans. The Applicable Term Loan Percentage with respect to 2012 Incremental Term Loans of each Lender is set forth opposite the name of such Lender on Schedule 2.01A under the caption “Applicable 2012 Incremental Term Loan Percentage” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable.
Examples of Applicable Term Loan Percentage in a sentence
Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Revolving Percentage or Applicable Term Loan Percentage, as applicable, of such prepayment.
Administrative Agent will promptly distribute to each Lender its Applicable Revolving Percentage and/or Applicable Term Loan Percentage, as the case may be (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office.
The Term Loan Commitment of each Term Loan Lender shall be immediately and permanently reduced on each Term Loan Borrowing Date upon such Term Loan Lender making a Term Loan to Borrower on such Term Loan Borrowing Date in an amount corresponding to such Term Loan Lender’s Applicable Term Loan Percentage of the aggregate principal amount of the Term Loan Loans made by the Term Loan Lenders to Borrower on such Term Loan Borrowing Date.
The failure of any Term Loan Lender to fund its Applicable Term Loan Percentage of the Term Loan Facility on the Closing Date shall not relieve any other Term Loan Lender of its corresponding obligation to do so on the Closing Date, and no Term Loan Lender shall be responsible for the failure of any other Term Loan Lender so to fund its Applicable Term Loan Percentage of the Term Loan Facility.
The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Revolving Credit Percentage or Applicable Term Loan Percentage, as applicable, of such prepayment.
More Definitions of Applicable Term Loan Percentage
Applicable Term Loan Percentage or any other definition or provision hereof specifying the number or percentage of Lenders required to waive, amend, or modify any rights hereunder or under or under any other Loan Document shall be effective without consent of all Lenders; (ii) no amendment, modification or waiver which extends any scheduled payment date, the Term Loan Maturity Date or the Revolving Maturity Date, reduces the interest rate applicable to the Loans or the fees payable to the Lenders or extends the time for payment of such interest or fees shall be effective without the consent of each Lender adversely affected thereby (in lieu of the consent of the Majority Lenders); (iii) no amendment, modification or waiver which increases or extends the Commitment of any Lender shall be effective without the consent of such Lender; (iv) no amendment, modification or waiver which changes the terms of clause (b) of the definition of “Secured Obligations”, the definition of “Secured Hedging Provider”, the definition of “Secured Parties”, or any of the provisions of this Section 12.02(b) without the consent of each Lender that is, or is an Affiliate of, any such adversely affected Secured Hedging Provider and (v) no amendment, modification or waiver which modifies the rights, duties or obligations of the Administrative Agent, any Issuing Bank or the Swingline Lender hereunder or under any other Loan Document shall be effective without the consent of the Administrative Agent, such Issuing Bank or the Swingline Lender, as the case may be. Notwithstanding the foregoing, Schedule 1.02(b) may be amended to add an Issuing Bank, remove an Issuing Bank or modify the LC Issuance Limit of any Issuing Bank with the consent solely of Parent, the Borrower, the Administrative Agent and such Issuing Bank (and the consent of the Majority Lenders shall not be required).
Applicable Term Loan Percentage means, as to each Term Loan Lender, the ratio, expressed as a percentage of (a) during the Availability Period, (i) (x) the amount of such Lender’s Term Loan Commitment plus (y) the amount of such Lender’s outstanding Term Loans to (ii) (x) the aggregate amount of the Term Loan Commitments of all Term Loan Lenders plus (y) aggregate amount of all outstanding Term Loans and (b) upon the termination of the Availability Period, (i) the amount of such Lender’s outstanding Term Loans to (ii) the aggregate amount of all outstanding Term Loans.
Applicable Term Loan Percentage means, as to each Term Loan Lender, the ratio, expressed as a percentage of (a) at any time any Availability Period shall be in effect, (i) (x) the amount of such Lender’s Term Loan Commitment plus (y) the amount of such Lender’s outstanding Term Loans to (ii) (x) the aggregate amount of the Term Loan Commitments of all Term Loan Lenders plus (y) aggregate amount of all outstanding Term Loans and (b) at any time no Availability Period shall be in effect, (i) the amount of such Lender’s outstanding Term Loans to (ii) the aggregate amount of all outstanding Term Loans.
Applicable Term Loan Percentage means with respect to each Term Loan Lender, the percentage set forth opposite such Lender’s name on Annex I to the First Amendment, or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto or acquires additional interests hereunder, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.
Applicable Term Loan Percentage means with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of the Aggregate Term Commitments represented by such Lender’s Term Loan Commitment at such time, subject to adjustment as provided in this Agreement, including without limitation, in Section 2.18. If the commitment of each Lender to make Term Committed Loans have been terminated pursuant to Section 8.02 or if the Aggregate Term Commitments have expired, then the Applicable Term Loan Percentage of each Lender shall be determined based on the Applicable Term Loan Percentage of such Lender most recently in effect, giving effect to any subsequent assignments permitted hereunder. The initial Applicable Term 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.
Applicable Term Loan Percentage set forth in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows:
Applicable Term Loan Percentage means, (i) with respect to any Early Payment Fee Event occurring from and including the 549th day after the Closing Date to and including the 913th day after the Closing Date, 6.0%, (ii) with respect to any Early Payment Fee Event occurring from and including the 914th day after the Closing Date to and including the 1,338th day after the Closing Date, 1.0%, and (iii) with respect to any Early Payment Fee Event occurring after the 1,338th day after the Closing Date, 0.0%.