Facility B Term Pro Rata Share definition
Facility B Term Pro Rata Share means, at any time for any Facility B Term Lender, the ratio that the outstanding principal balance of its Facility B Term Loans bears to the aggregate principal balance of all Facility B Term Loans.
Facility B Term Pro Rata Share means, as to any Facility B Lender at any time, the percentage equivalent (expressed as a decimal, rounded to the ninth decimal place) at such time of such Facility B Lender's Facility B Term Commitment divided by the aggregate Facility B Term Commitments.
Examples of Facility B Term Pro Rata Share in a sentence
The Administrative Agent will promptly notify each Lender of its receipt of any such notice, and of such Lender's Revolving Credit Pro Rata Share or Facility B Term Pro Rata Share, as applicable, of such prepayment.
The Administrative Agent will promptly distribute to each Lender its Revolving Credit Pro Rata Share or Facility B Term Pro Rata Share, as applicable, (or other applicable share as expressly provided herein) of such payment in like funds as received.