Applicable Term Percentage definition

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 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 Lender, the percentage of the total outstanding Term Commitments represented by such Lender’s outstanding Term Commitment.

Examples of Applicable Term Percentage in a sentence

• Borrower shall pay to Administrative Agent, for the benefit of each Term Lender in accordance with its Applicable Term Percentage as of the effective date of the extension, an additional non-refundable commitment fee in the amount of 0.125% of the sum of the Term Commitments (the “ Term Extension Fee”) in consideration for their Term Commitments, which Term Extension Fee shall be due with respect to the Term Extension Option and payable not later than the Initial Term Maturity Date.

• Any reduction of the Term Facility shall be applied to the Term Commitments of each Term Lender according to its 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.

More Definitions of Applicable Term Percentage

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.

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 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, the percentage of the total principal amount of the Term Loans represented by such Term Lender's Term Loans.

Applicable Term Percentage means, with respect to any Term Lender, at any time, the fraction expressed as a percentage, (a) the numerator of which is the principal amount of the Term Loans then owing to such Lender and (b) the denominator of which is the aggregate principal amount of the Term Loans then outstanding.

Applicable Term Percentage means, with respect to the Term Loan Facility as of any date, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below:

Applicable Term Percentage means, with respect to the Term Loan Facility as of any date, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below: Public Debt Rating Applicable S&P/Mxxxx’x Term Percentage Lxxxx 0 X- / X0 or above 0.100 % Lxxxx 0 XXX+ / Xxx 0 0.125 % Lxxxx 0 XXX / Xxx 0 0.150 % Lxxxx 0 XXX- / Xxx 0 0.200 % Lxxxx 0 XX+ / Xx 0 0.300 % Lxxxx 0 Xxxxx xxxx Xxxxx 0 0.500 % provided, that the Applicable Term Percentage will increase by 0.125% for the period from the date that is 120 days after the Effective Date to the first anniversary of the Effective Date if no Term Advances are outstanding on such 120th day.