Benchmark Capital definition

Benchmark Capital. Capital that bears interest at the Benchmark, other than pursuant to clause (c) of the definition of Base Rate.

Benchmark Capital means Benchmark Capital Partners V, L.P., Benchmark Founders’ Fund V, L.P., Benchmark Founders’ Fund V-A, L.P., Benchmark Founders’ Fund V-B, L.P., Benchmark Capital Management Co. V, L.L.C. and related individuals,

Benchmark Capital means $2,697,400,000.

Examples of Benchmark Capital in a sentence

• Subject to Section 2.17, if, on or prior to the first day of any Accrual Period for any Benchmark Capital, the Deal Agent determines (which determination shall be conclusive and binding absent manifest error) that the Benchmark then in effect cannot be determined pursuant to the terms of this Agreement, the Deal Agent will promptly notify the Borrower and each Lender.

• Upon receipt of such notice, any outstanding affected Benchmark Capital will be deemed to have been converted into Base Rate Capital at the end of the applicable Accrual Period.

• Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, any outstanding affected Benchmark Capital will be deemed to have been converted to Base Rate Capital at the end of the applicable Accrual Period.