First Out Pro Rata Share definition

First Out Pro Rata Share means, with respect to any First Out Lender, the percentage obtained by dividing (1) the outstanding principal amount of such First Out Lender’s First Out Term Loans by (2) the outstanding principal amount of all First Out Term Loans.
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First Out Pro Rata Share means, with respect to any First Out Holder,
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First Out Pro Rata Share means, as of any date of determination and with respect to any First Out Lender, the percentage obtained by dividing (A) the unpaid principal amount of such First Out Lender’s portion of the First Out Loan by (B) the aggregate unpaid principal amount of the First Out Loan.
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Examples of First Out Pro Rata Share in a sentence

  • Notwithstanding anything to the contrary in the Credit Agreement, with respect to Permitted Protective Advances by the Administrative Agent, each First Out Lender and only the First Out Lenders, will participate in such Protective Advances outstanding from time to time in accordance with its respective First Out Pro Rata Share.


More Definitions of First Out Pro Rata Share

First Out Pro Rata Share means, as of any date of determination with respect to a Lender, the percentage obtained by dividing (a) such Lender’s First Out Revolver Commitment, by (b) the aggregate amount of First Out Revolver Commitments of all Lenders; provided, however, that in the event the First Out Revolver Commitments have been terminated or reduced to zero, First Out Pro Rata Share shall be the percentage obtained by dividing (i) the outstanding principal amount of such Lender’s First Out Advances plus such Lender’s ratable portion of the Risk Participation Liability with respect to outstanding Letters of Credit to the extent such Letters of Credit pertain to the First Out Revolver Commitments, by (ii) the outstanding principal amount of all First Out Advances plus the aggregate amount of the Risk Participation Liability of all Lenders with respect to outstanding Letters of Credit to the extent such Letters of Credit pertain to the First Out Revolver Commitments.
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Related to First Out Pro Rata Share

  • Pro Rata Share As to any Distribution Date, the Subordinated Principal Distribution Amount and any Class of Subordinated Certificates, the portion of the Subordinated Principal Distribution Amount allocable to such Class, equal to the product of the Subordinated Principal Distribution Amount on such Distribution Date and a fraction, the numerator of which is the related Class Certificate Balance thereof and the denominator of which is the aggregate of the Class Certificate Balances of the Subordinated Certificates.

  • Commitment Percentage is set forth in Schedule 1.1, as amended from time to time.

  • Applicable Percentage means, with respect to any Lender, the percentage of the total Commitments represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.

  • Applicable Revolving Credit Percentage means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentage in respect of the Revolving Credit Facility at such time.

  • Pro Rata Percentage of any Revolving Credit Lender at any time shall mean the percentage of the Total Revolving Credit Commitment represented by such Lender’s Revolving Credit Commitment. In the event the Revolving Credit Commitments shall have expired or been terminated, the Pro Rata Percentages shall be determined on the basis of the Revolving Credit Commitments most recently in effect, giving effect to any subsequent assignments.

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.

  • Allocable Share means Allocable Share as that term is defined in the Master Settlement Agreement.