Commitment Share definition

Commitment Share as defined in Section 3.8(a).

Commitment Share means, with respect to each Participant in relation to each Loan Pool and for any date of determination, a fraction (expressed as a percentage), (i) the numerator of which equals the amount of the Available Funded Commitment then funded by such Participant for such Loan Pool, and (ii) the denominator of which equals the aggregate Available Funded Commitment.

Commitment Share means, with respect to each Buyer, 50%.

Examples of Commitment Share in a sentence

• In the event the outstanding shares of the Company’s Common Stock shall be decreased by reverse stock split, combination, consolidation, or other similar transaction occurring after the date hereof into a lesser number of shares of Common Stock (“Stock Reduction”), the Company shall issue to the Investor such additional shares to the Commitment Share amount such that the Investor has the same number of Commitment Shares after such Stock Reduction as Investor was issued prior to the Stock Reduction.

• Except when the Letter of Credit Commitment is increased or amended to reflect a change in Commitment Share or Letter of Credit Bank as set forth in the last paragraph hereof, this Letter of Credit cannot be modified or revoked without the consent of the Beneficiary.

• Any Buyer previously designated as a Defaulting Buyer shall no longer be deemed a Defaulting Buyer once each Buyer’s proportionate share of the outstanding Purchase Price constituting Committed Amounts with respect to the aggregate outstanding Purchase Price constituting Committed Amounts is equal to its respective Commitment Share.

• Following the commencement of the Citi Amortization Period, uncommitted Transactions may be effected by Buyers disproportionately without reference to the related Commitment Share.

• In the event that a Limited Fronting Lender pays the Commitment Share of a Non-NAIC Approved Bank, such Non-NAIC Approved Bank shall pay such Commitment Share (or the relevant portion thereof, if applicable) to such Limited Fronting Lender in purchase of its participation in such payment.

More Definitions of Commitment Share

Commitment Share means, with respect to each Bank, the Commitment ---------------- Share set forth opposite such Bank's name on the signature pages hereof or on any amendment to this Agreement, or, in the case of any Bank which has made an assignment of a percentage interest in its rights and obligations under this Agreement or accepted an assignment of a percentage interest in another Bank's rights and obligations under this Agreement, in either case pursuant to an Assignment and Acceptance, such Bank's Commitment Share immediately prior to its making or accepting such assignment, plus the percentage interest purchased or minus the percentage interest sold, as the case may be, pursuant to the Assignment and Acceptance. The Commitment Share of each Bank as in effect on the date of this Agreement and as in effect on the date of each amendment hereto shall be set forth on Schedule 2. ----------

Commitment Share means, with respect to a particular Lender at a particular time, the ratio of the Undrawn Commitment of such Lender at such time to the aggregate of the Undrawn Commitments of all of the Lenders at such time.

Commitment Share means, for any Bank, the percentage that such Bank's Commitment bears to the aggregate Commitments of all the Banks hereunder, as set forth opposite the name of such Bank on the signature pages hereof, and as such percentage may be adjusted from time to time pursuant to Section 10.08(c).

Commitment Share means, with respect to each Bank, the Commitment ---------------- Share set forth opposite such Bank's name on the signature pages hereof.

Commitment Share means, for any Lender, the percentage that such Lender's Revolving Credit Commitment bears to the aggregate Revolving Credit Commitments of all the Lenders.

Commitment Share has the meaning specified in Section 2.03(f)(i).

Commitment Share under each Several Letter of Credit; provided that, each Limited Fronting Lender (if any), in its capacity as such, shall, in addition to its own “Commitment Share” as a Revolving Credit Lender, be deemed to have a “Commitment Share” (or equivalent term) equal to the Revolving Credit Percentage (or portion thereof, if applicable) of each Non-SLC Bank for which such Limited Fronting Lender acts in such capacity under such Several Letter of Credit. The L/C Administrator shall not amend any Several Letter of Credit to change the “Commitment Shares” of any Revolving Credit Lender or add or delete a Revolving Credit Lender liable thereunder unless such amendment is done in connection with a Limited Fronting Lender Agreement in accordance with Section 3.6(d), an assignment in accordance with Section 10.6, a change in the Revolving Credit Lenders and/or the Revolving Credit Percentages as a result of any increase in the Revolving Credit Commitments pursuant to Section 2.23, an extension of the Revolving Credit Commitments pursuant to Section 2.6 or any other addition or replacement of a Revolving Credit Lender in accordance with the terms of this Agreement. Each Revolving Credit Lender (including, for the avoidance of doubt, each Limited Fronting Lender) hereby irrevocably constitutes and appoints the L/C Administrator its true and lawful attorney-in-fact for and on behalf of such Revolving Credit Lender with full power of substitution and revocation in its own name or in the name of the L/C Administrator to issue, execute and deliver, as the case may be, each Several Letter of Credit and each amendment to a Several Letter of Credit and to carry out the purposes of this Agreement with respect to Several Letters of Credit. Upon request, each Revolving Credit Lender shall execute such powers of attorney or other documents as any beneficiary of any Several Letter of Credit may reasonably request to evidence the authority of the L/C Administrator to execute and deliver such Several Letter of Credit and any amendment or other modification thereto on behalf of the Revolving Credit Lenders. To the extent that the L/C Administrator has not received funds from a Revolving Credit Lender with respect to a Several Letter of Credit, the L/C Administrator shall only forward the funds actually received to the beneficiary.