Facility A Percentage definition

Facility A Percentage means, as to any Lender, the percentage that (a) the Facility A Revolving Commitment of such Lender (or, after termination of the Facility A Revolving Commitments, the Dollar Equivalent of the principal amount of such Lender’s Facility A Revolving Loans plus the participation interest of such Lender in the outstanding Swing Line Loans and in the Stated Amount of all Letters of Credit) is of (b) the aggregate amount of the Facility A Revolving Commitments (or after termination of the Facility A Revolving Commitments, the Dollar Equivalent of the aggregate principal amount of all Facility A Revolving Loans and Swing Line Loans and the Stated Amount of all Letters of Credit); provided that, if and so long as any Lender is a Defaulting Lender, then such Defaulting Lender’s Facility A Revolving Commitment, Facility A Revolving Loans and participation interest in the outstanding Swing Line Loans and in the Stated Amount of all Letters of Credit, as the case may be, shall be disregarded in the foregoing calculation.

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Facility A Percentage means, relative to any Lender, the Facility A Percentage set forth on Schedule I, as such percentage may be adjusted from time to time pursuant to Assignment and Acceptance Agreement(s) executed by such Lender and its Assignee Lender(s) and delivered pursuant to Section 11.11.1.

Facility A Percentage means, relative to any Lender, the Facility A

Examples of Facility A Percentage in a sentence

Immediately upon the issuance of each Letter of Credit, each Facility A Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Facility A Lender's Facility A Percentage of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.
Each Facility A Lender shall be obligated to participate in each request for Facility A Loans pursuant to Section 2.6 [Revolving Credit Loan Requests; Swing Loan Requests] in accordance with its Facility A Percentage.
Concurrently with the making of any Swing Line Loan, the applicable Swing Line Lender shall be deemed to have sold and transferred, and each Facility A Revolving Lender shall be deemed to have purchased and received from such Swing Line Lender, an undivided interest and participation to the extent of such Facility A Revolving Lender’s Facility A Percentage in such Swing Line Loan (but such participation shall remain unfunded until required to be funded pursuant to Section 2.4.3).
The Administrative Agent shall notify each Facility A Lender of its Facility A Percentage of the total of the Facility A Loans and the Swing Loans (each a "Required Share").
No assignment shall cause the Ratable Share of any Lender to be a percentage amount which is different from the Facility A Percentage and the Facility B Percentage of such Lender.
The aggregate of each Facility A Lender's Facility A Loans outstanding hereunder to the Borrower at any time shall never exceed its Facility A Commitment minus its Facility A Percentage of the outstanding Swing Loans and Letter of Credit Obligations.
The Administrative Agent may at any time at its option for any reason whatsoever require each Facility A Lender to pay immediately to the Administrative Agent such Facility A Lender's Facility A Percentage of the outstanding Facility A Loans and each Facility A Lender may at any time require the Administrative Agent to pay immediately to such Facility A Lender its Facility A Percentage of all payments made by the Borrower to the Administrative Agent with respect to the Facility A Loans.
On such Settlement Date, each Facility A Lender shall pay to the Administrative Agent the amount equal to the difference between its Required Share and its Facility A Loans, and the Administrative Agent shall pay to each Facility A Lender its Facility A Percentage of all payments made by the Borrower to the Administrative Agent with respect to the Facility A Loans.
Each borrowing of Facility A Loans shall be allocated to each Facility A Lender according to its Facility A Percentage, and each borrowing of Facility B Loans shall be allocated to each Facility B Lender according to its Facility B Percentage.
On each day that the Outstanding Credit Exposure under Facility A exceeds 33.33% of the Aggregate Commitment under Facility A Borrower shall pay to the Agent for the account of each Facility A Bank a utilization fee equal to the Applicable Utilization Fee Rate times such Bank's Facility A Percentage of the Aggregate Outstanding Credit Exposure under Facility A on such day.

More Definitions of Facility A Percentage

Facility A Percentage means, with respect to a Bank at any time, a portion equal to a fraction the numerator of which is such Bank's Facility A Commitment at such time and the denominator of which is the Aggregate Commitment under Facility A at such time; provided, that, to the extent any Letter of Credit is outstanding on the Commitment Termination Date, the Facility A Percentage of each Facility A Bank immediately prior to the termination of the Commitments on the Commitment Termination Date shall be such Bank's Facility A Percentage for the period from and after the Commitment Termination Date until the last of such Letters of Credit outstanding expires or terminates, adjusted to give effect to any assignment effected during such period. "Facility B" - see the definition of "Facility."