Commitment Reduction Percentage. The meaning ascribed thereto in the Fee Letter.
Commitment Reduction Percentage. On any date (a) on or prior to the second anniversary of the Closing Date, the Asset Rejection Percentage is less than or equal to 50%, and (i) if such date is on or prior to the first anniversary of the Closing Date, 2.00% or (ii) if such date is after the first anniversary of the Closing Date, a percentage equal to the product of (x) the number of days remaining until the two-year anniversary of the Closing Date divided by 365 and (y) 1.00% and (b) where either the Asset Rejection Percentage is greater than 50% or such date is after the second anniversary of the Closing Date, zero percent.
Commitment Reduction Percentage. (a) On or prior to the first anniversary of the Closing Date, 2.00% and (b) after the first anniversary of the Closing Date, and on or prior to the second anniversary of the Closing Date, 1.00%.
Examples of Commitment Reduction Percentage in a sentence
With respect to any reduction of the Facility Amount pursuant to Section 2.3(a), an amount equal to the product of (a) the amount of such reduction multiplied by (b) the applicable Commitment Reduction Percentage.
With respect to any reduction of the Facility Amount pursuant to Section 2.3(a), an amount equal to the product of (i) the amount of such reduction multiplied by (ii) the applicable Commitment Reduction Percentage.
On the last Business Day of each month listed on Schedule 2.3, the Aggregate Revolving Commitment Amount shall be automatically reduced by an amount equal to the product of (i) the percentage set forth under the heading "Revolving Commitment Reduction Percentage" set forth adjacent to such month on such Schedule, multiplied by (ii) the Aggregate Revolving Commitment Amount as in effect on March 29, 2001.
More Definitions of Commitment Reduction Percentage
Commitment Reduction Percentage. On or prior to the one-year anniversary of the Fifth Amendment Closing Date, a percentage equal to 1.00%.
Commitment Reduction Percentage. On any date where (a) the Asset Rejection Percentage is less than or equal to 50%, if such date is on or prior to the first anniversary of the Third Amendment Closing Date, 1.00% and (b) either the Asset Rejection Percentage is greater than 50% or such date is after the first anniversary of the Third Amendment Closing Date, zero percent.
Commitment Reduction Percentage. (a) On or prior to June 21, 2022, 2.00% and (b) after June 21, 2022, and on or prior to June 21, 2023, 1.00%.
Commitment Reduction Percentage. On any date (a) on or prior to the second anniversary of the ThirdFourth Amendment Closing Date, the Asset Rejection Percentage is less than or equal to 50%, and (i) if such date is on or prior to the first anniversary of the ThirdFourth Amendment Closing Date, 2.00% or (ii) if such date is after the first anniversary of the ThirdFourth Amendment Closing Date, a percentage equal to the product of (x) the number of days remaining until the two-year anniversary of the ThirdFourth Amendment Closing Date divided by 365 and (y) 1.00% and (b) where either the Asset Rejection Percentage is greater than 50% or such date is after the second anniversary of the ThirdFourth Amendment Closing Date, zero percent. “Conforming Changes”: With respect to the use or administration of Daily Simple SOFR or the use, administration, adoption or implementation of any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “Base Rate,” the definition of “Business Day,” the definition of “Accrual Period” or any similar or analogous definition (or the addition of a concept of “interest period”), timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, the applicability and length of lookback periods, the applicability of Section 2.12 and other technical, administrative or operational matters) that the Administrative Agent decides (in consultation with the Borrower) may be appropriate to reflect the adoption and implementation of any such rate or to permit the use and administration thereof USActive 55525956.
Commitment Reduction Percentage means, as of any Commitment Reduction Date occurring on or prior to November 17, 2007, the percentage obtained by dividing the Commitment Reduction Amount by the Total Maximum Commitment as of such Commitment Reduction Date, and (ii) "Commitment Reduction Premium" shall mean, with respect to any Commitment Reduction Date occurring on or prior to November 17, 2007, an amount equal to the present value of the Commitment Reduction Percentage of the remaining commitment fees calculated as follows:
Commitment Reduction Percentage. On or prior to the one-year anniversary of the Closing Date, a percentage equal to 2.0%, (b) after the one-year anniversary of the Closing Date and on or prior to the two-year anniversary of the Closing Date, a percentage equal to the product of (i) the number of days remaining until the two-year anniversary of the Closing Date divided by 365 and (ii) 1.0%, and (c) after the two-year anniversary of the Closing Date, zero.