Delayed Draw Term Loan Commitment Percentage definition

Delayed Draw Term Loan Commitment Percentage means at any time, for each Lender, the percentage obtained by dividing (a) such Lender’s Delayed Draw Term Loan Commitment at such time by (b) the amount of the Total Delayed Draw Term Loan Commitment at such time, provided that at any time when the Total Delayed Draw Term Loan Commitment shall have been terminated, each Lender’s Delayed Draw Term Loan Commitment Percentage shall be the percentage obtained by dividing (a) such Lender’s Delayed Draw Term Loan Exposure at such time by (b) the Delayed Draw Term Loan Exposure of all Lenders at such time.

Delayed Draw Term Loan Commitment Percentage means, for any Delayed Draw Term Loan Lender, the percentage identified as its Delayed Draw Term Loan Commitment Percentage as specified in its Lender Commitment Letter or in the Assignment Agreement pursuant to which such Delayed Draw Term Loan Lender became a Lender hereunder, as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

Delayed Draw Term Loan Commitment Percentage means, as to any Delayed Draw Term Loan Lender at any time, the ratio of (a) the amount of the Delayed Draw Term Loan Commitment of such Delayed Draw Term Loan Lender to (b) the Delayed Draw Term Loan Commitments of all Delayed Draw Term Loan Lenders.

Examples of Delayed Draw Term Loan Commitment Percentage in a sentence

• Any reduction of the Delayed Draw Term Loan Commitment shall be applied to the Delayed Draw Term Loan Commitment of each Delayed Draw Term Loan Lender according to its Delayed Draw Term Loan Commitment Percentage.

• Each Lender’s obligation to fund a Delayed Term Loan Draw shall be limited to such Lender’s Delayed Draw Term Loan Commitment Percentage of such Delayed Term Loan Draw requested by the Borrower hereunder.

• Each borrowing of Lease Cure Delayed Draw Term Loans shall be made ratably by the Lenders in proportion to their respective Lease Cure Delayed Draw Term Loan Commitment Percentage.

• Each Lender’s obligation to fund the Delayed Draw Term Loan shall be limited to such Lender’s Delayed Draw Term Loan Commitment Percentage of the Delayed Draw Term Loan, and no Lender shall have any obligation to fund any portion of the Delayed Draw Term Loan required to be funded by any other Lender, but not so funded, and no Lender shall be relieved of its obligation to fund the Delayed Draw Term Loan because another Lender has failed to fund.

• Upon each reduction of the Delayed Draw Term Loan Amount in accordance with this Section 2.1.4, the Delayed Draw Term Loan Commitment for each Lender shall automatically and concurrently be reduced by the same amount of such Delayed Draw Term Loan Amount reduction on a pro rata basis in accordance with each such Lender’s Delayed Draw Term Loan Commitment Percentage.

More Definitions of Delayed Draw Term Loan Commitment Percentage

Delayed Draw Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Delayed-Draw Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 11.3.

Delayed Draw Term Loan Commitment Percentage means, for each Term Loan Lender, the percentage identified as its Delayed Draw Term Loan Commitment Percentage on Schedule 1.1(c) or in the Assignment and Assumption pursuant to which such Lender became a Lender hereunder, as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

Delayed Draw Term Loan Commitment Percentage means at any time, for each Lender, the percentage obtained by dividing (a) such Lender’s portion of the Delayed Draw Term Loan Commitment by (b) the Delayed Draw Term Loan Commitments, subject to adjustment as provided in Section 2.14; provided that at any time when the Delayed Draw Term Loan Commitments shall have been terminated, each Lender’s portion of the Delayed Draw Term Loan Commitment Percentage shall be its Delayed Draw Term Loan Commitment Percentage as in effect immediately prior to such termination.

Delayed Draw Term Loan Commitment Percentage means, as to any Lender at any time, the percentage (carried out to the fourth decimal place) of the Delayed Draw Term Loan Commitments represented by such Lender’s Delayed Draw Term Loan Commitment at such time. The initial Delayed Draw Term Loan Commitment Percentage of each Lender is set forth opposite the name of such Lender on Schedule 1 hereto.

Delayed Draw Term Loan Commitment Percentage means, as to any Lender, (a) on any date prior to the Delayed Draw Term Loan Draw Date, the percentage set forth opposite such Lender’s name on Schedule 1.1 hereof under the column “Delayed Draw Term Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then such percentage for such Lender shall be deemed to be zero) (or, in the case of any Lender that became party to this Agreement after the Closing Date, the Delayed Draw Term Loan Commitment Percentage of such Lender as set forth in the applicable Assignment Agreement) and (b) on any date following the Delayed Draw Term Loan Draw Date, the percentage equal to the principal amount of the Delayed Draw Term Loan held by such Lender on such date divided by the aggregate principal amount of the Delayed Draw Term Loan on such date.

Delayed Draw Term Loan Commitment Percentage with respect to each Delayed Draw Lender, the percentage equivalent of the ratio which such Lender’s Delayed Draw Term Loan Commitment bears to the Aggregate Delayed Draw Term Loan Commitment.

Delayed Draw Term Loan Commitment Percentage means, as to any Lender, (i) on the Effective Date, the percentage, if any, set forth opposite such Lender’s name on Schedule 2.01 under the column “Delayed Draw Term Loan Commitment Percentage” as of such date and (ii) on any date following the Effective Date, the percentage equal to (a) the Delayed Draw Term Loan Commitment Amount of such Lender on such date, plus the principal amount of the Delayed Draw Term Loan held by such Lender on such date divided by (b) the aggregate Delayed Draw Term Loan Commitment Amounts of all Lenders on such date plus the aggregate principal amount of the Delayed Draw Term Loan on such date.