Funded Percentage definition
Examples of Funded Percentage in a sentence
Pursuant to Section 3.01, during the period from the date hereof to the Facility Termination Date, each Conduit Purchaser may, in its sole discretion, permit Servicer to cause certain of the Collections in respect of its Funded Percentage of the Undivided Interest to be applied to the purchase of additional undivided interests in the Pool Receivables, thereby resulting in an appropriate readjustment of the Undivided Interest.
Pursuant to Section 3.01, but subject to the terms and conditions set forth herein, during the period from the date hereof to the Facility Termination Date, each Bank Purchaser shall permit Servicer to cause certain of the Collections in respect of its Funded Percentage of the Undivided Interest to be applied to the purchase of additional undivided interests in the Pool Receivables, thereby resulting in an appropriate readjustment of the Undivided Interest.
Except as expressly otherwise provided in this Agreement, all actions and decisions of the Members required hereunder shall require approval of Members whose aggregate Fully Funded Percentage Interests (excluding Non-Voting Interests) total at least 51%.
The Members may make any decision or take any action at a meeting, by conference telephone call, by written consent, by oral agreement or by any other method they elect; provided that, at the request of any Member a decision or action of the Members must be made or taken by written consent signed by Members holding the Fully Funded Percentage Interests required to approve such decision or action.
Any payment or prepayment made when an Event of Default has occurred and is then continuing shall be applied to all Advances then outstanding on a pro rata basis in accordance with each Lender’s Funded Percentage of the aggregate amount of Advances then outstanding.