Applicable Term Percentage definition

Applicable Term Percentage means with respect to any Term Lender at any time, such Term Lender’s Applicable Percentage in respect of the Term Facility at such time.

Applicable Term Percentage means, with respect to any Term Lender at any time, the percentage of (a) on or prior to the Closing Date, the Aggregate Term Commitments represented by such Term Lender’s Term Commitment at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all the Term Lenders represented by the aggregate principal amount of such Term Lender’s Term Loans at such time.

Applicable Term Percentage means, with respect to any Term Lender of a Series, the percentage obtained by dividing (x) the Term Loan Credit Exposure of that Term Lender with respect to such Series by (y) the aggregate Term Loan Credit Exposure of all Term Lenders with respect to such Series.

Examples of Applicable Term Percentage in a sentence

• 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 Percentage or Applicable Term Percentage, as the case may be, of such prepayment.

• Each Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Term Percentage.

• The Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Term Percentage.

• Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan to Borrower, on a Business Day during the Term Availability Period, in an amount not to exceed such Term Lender’s Applicable Term Percentage.

• Exhortations given to students to “be better” can go just so far, and repeated exhortations, by dint of repetition soon fall on deaf ears of the students.

More Definitions of Applicable Term Percentage

Applicable Term Percentage means with respect to any Lender, the percentage of the total outstanding Term Commitments represented by such Lender’s outstanding Term Commitment.

Applicable Term Percentage means for any Term Lender, a percentage equal to a fraction the numerator of which is such Term Lender’s outstanding principal amount of the Term Loans and the denominator of which is the aggregate outstanding principal amount of the Term Loans of all Term Lenders.

Applicable Term Percentage means with respect to any Term Lender, the percentage (carried out to the ninth decimal place) of the Aggregate Outstanding Amount of Term Loans represented by such Term Lender’s Outstanding Amount of Term Loans. The initial Applicable Term Percentage of each Term Lender is set forth opposite the name of such Term Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable.

Applicable Term Percentage means, with respect to any Lender, the percentage of the total Term Loan Commitments represented by such Lender’s Term Loan Commitment.

Applicable Term Percentage means, with respect to any Lender, the percentage of the total Term Commitments represented by such Lender's Term Commitment.

Applicable Term Percentage means, with respect to any Term Lender, the percentage of the total Term Commitments represented by such Term Lender’s Term Commitment; provided that if the Term Commitments have terminated or expired, each Term Lender’s Applicable Term Percentages shall be the percentage of the total outstanding Term Loans represented by such Term Lender’s Term Loans. Each Term Lender’s Applicable Term Percentage as of the First Amendment Effective Date (which may be carried out to the seventh decimal place) is set forth on Schedule 1.2.

Applicable Term Percentage means (i) with respect to any Term A Lender at any time, the percentage of the aggregate principal amount of the Term A Loans of all the Term A Lenders (assuming the Aggregate Term A Commitments have been fully drawn) represented by the aggregate principal amount of such Lender’s Term A Loans at such time (assuming such Lender’s Term A Commitments have been fully drawn) and (ii) with respect to any Term B Lender at any time, the percentage of the aggregate principal amount of the Term B Loans of all the Term B Lenders represented by the aggregate principal amount of such Lender’s Term B Loans at such time.