Facility Pro Rata Share definition

Facility Pro Rata Share means, with respect to any Revolving Credit Facility, a percentage equal to (x) the aggregate Commitments under such Revolving Credit Facility at such time, divided by (y) the aggregate Commitments under all Revolving Credit Facilities at such time.

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Facility Pro Rata Share means, on any date of determination, (a) with respect to (i) Facility A of any CP Conduit Purchaser, the ratio (expressed as a percentage) of such CP Conduit Purchaser's Facility A CP Conduit Funding Limit to its CP Conduit Funding Limit at such time and (ii) Facility B of any CP Conduit Purchaser, the ratio (expressed as a percentage) of such CP Conduit Purchaser's Facility B CP Conduit Funding Limit to its CP Conduit Funding Limit at such time, (b) with respect to (i) Facility A of any Committed Purchaser, the ratio (expressed as a percentage) of such Committed Purchaser's Facility A Commitment to its Commitment at such time and (ii) Facility B of any Committed Purchaser, the ratio (expressed as a percentage) of such Committed Purchaser's Facility B Commitment to its Commitment at such time, and (c) with respect to (i) Facility A of any Related Group, the ratio (expressed as a percentage) of the aggregate amount of the Facility A Commitments of all Committed Purchasers in such Related Group to the aggregate Commitments of all Committed Purchasers in such Related Group and (ii) Facility B of any Related Group, the ratio (expressed as a percentage) of the aggregate amount of the Facility B Commitments of all Committed Purchasers in such Related Group to the aggregate Commitments of all Committed Purchasers in such Related Group.

Facility Pro Rata Share. As of any date, (i) with respect to any Alternate Investor, the percentage equivalent of a fraction, the numerator of which is the Commitment of such Alternate Investor as of such date and the denominator of which is the sum of the Commitments of all Alternate Investors as of such date and (ii) with respect to any Class, the percentage equivalent of a fraction, the numerator of which is the related Class Net Investment as of such date and the denominator of which is the Aggregate Net Investment as of such date.

Examples of Facility Pro Rata Share in a sentence

• The Agent Bank shall, promptly after the issuance of each Letter of Credit, or any amendment or cancellation thereto, furnish to the Banks a copy of such Letter of Credit or of such amendment or cancellation, as the case may be, together with, in the case of the issuance of any Letter of Credit, the amount of its risk participation therein, which shall be such Bank's Revolving Credit Facility Pro Rata Share of the stated amount of such Letter of Credit.

• The Administrative Agent will promptly notify each applicable Lender of its receipt of each such notice, and of the amount of such Lender’s Facility Pro Rata Share of such prepayment.

• Such termination or partial reduction of the Revolving Loan Commitments shall be effective on the date specified in the Borrowers' notice and shall reduce the Revolving Loan Commitment of each Bank in proportion to its Revolving Credit Facility Pro Rata Share.

• Such termination or partial reduction of the Revolving Loan Commitments shall be effective on the date specified in the Borrower's notice and shall reduce the Revolving Loan Commitment of each Bank in proportion to its Revolving Credit Facility Pro Rata Share.

• The Administrative Agent will promptly distribute to each applicable Lender its Facility Pro Rata Share or other applicable share as provided herein, of such payment in like funds as received by wire transfer to such Lender at such Lender’s Lending Office.

• In the event that the Borrower shall fail to reimburse the Agent Bank as provided in Section 2.6D hereof in an amount equal to the amount of any drawing honored by the Agent Bank under a Letter of Credit issued by the Agent Bank, the Agent Bank shall promptly notify each of the other Banks of the unreimbursed amount of such drawing and of each Bank's participation therein, which participation shall be equal to such Bank's Revolving Credit Facility Pro Rata Share of the unreimbursed amount of such drawing.

• The Agent Bank shall distribute to each other Bank, to the extent that it has paid all amounts payable by it under this Section 2.6E with respect to any Letter of Credit issued by the Agent Bank, such Bank's Revolving Credit Facility Pro Rata Share of all payments received by the Agent Bank from the Borrower in reimbursement of drawings honored by the Agent Bank under such Letter of Credit, as the case may be, when such payments are received.

• The Agent Bank shall be responsible for remitting to each Bank its portion of such payment based upon its Revolving Credit Facility Pro Rata Share of such payment.

• PNC shall distribute to the each other Bank, to the extent that it has paid all amounts payable by it under this Section 2.7E with respect to any Letter of Credit issued by PNC, such Bank's Revolving Credit Facility Pro Rata Share of all payments received by PNC from the Borrowers in reimbursement drawings honored by PNC under such Letter of Credit, as the case may be, when such payments are received.

• Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to commit to any requested increase in the Facilities and, if so, whether by an amount equal to, greater than, or less than the amount which corresponds to such Lender’s Aggregate Facility Pro Rata Share of such requested increase; provided, that, as noted above, any increase in a Lender’s Aggregate Facility Pro Rata Share with respect to the Facilities shall be subject to the terms of Section 2.01(d)).

More Definitions of Facility Pro Rata Share

Facility Pro Rata Share means, as to any Lender at any time, the percentage obtained by dividing (a) the sum of the Term Loan Exposure of such Lender plus the Table of Contents Committed Loan Exposure of that Lender plus the Bid Loan Exposure of such Lender by (b) the sum of the aggregate Term Loan Exposure of all Lenders plus the aggregate Committed Loan Exposure of all Lenders plus the aggregate Bid Loan Exposure of all Lenders, in any such case as the applicable percentage may be adjusted by assignments permitted pursuant to Section 12.08.