Incremental Commitment Percentage definition

Incremental Commitment Percentage means, with respect to any Lender at any time, (a) the sum of (x) the aggregate principal amount of such Xxxxxx’s Advances and (y) such Xxxxxx’s unfunded Commitments divided by (b) the sum of (x) the aggregate principal amount of all Advances for all Lenders and (y) the unfunded Commitments of all Lenders.
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Incremental Commitment Percentage means, as to any Lender, the percentage equivalent of such Lender's Incremental Commitment divided by the Aggregate Incremental Commitment; provided, however, that if the Aggregate Incremental Commitment has been terminated in full, the "INCREMENTAL COMMITMENT PERCENTAGE" of each Lender shall be determined by dividing such Lender's Incremental Commitment in effect immediately prior to such termination by the Aggregate Incremental Commitment in effect immediately prior to such termination.
Sample 1
Incremental Commitment Percentage means, with respect to any Lender at any time, (a) the sum of (x) the aggregate principal amount of such Lender’s Advances and (y) such Lender’s unfunded Commitments divided by (b) the sum of (x) the
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Examples of Incremental Commitment Percentage in a sentence

  • Borrowers shall be obligated to offer the opportunity to each existing Lender to participate in any Proposed Incremental Commitment, in an amount up to each such existing Lender’s Incremental Commitment Percentage multiplied by the amount of such Proposed Incremental Commitment, before making any offer to any prospective Additional Lender to participate in such Proposed Incremental Commitment, and to hold such offer to each existing Lender open for a period of ten (10) Business Days.


More Definitions of Incremental Commitment Percentage

Incremental Commitment Percentage means, with respect to any Incremental Senior Commitment Party, such Incremental Senior Commitment Party’s percentage of the Rights Offering Backstop Commitment and the 4(a)(2) Backstop Commitment as set forth opposite such Incremental Senior Commitment Party’s name under the column titled “Additional Commitment Percentage” on Schedule 1 to this Agreement. For the avoidance of doubt, any Commitment Party that is both a Senior Commitment Party and an Incremental Commitment Party, such Commitment Party’s Incremental Commitment Percentage shall only include the percentage set forth on Schedule 1 to this Agreement next to such Commitment Party’s name as listed under the section “Incremental Commitment Parties”. Any reference to “Incremental Commitment Percentage” in this Agreement means the Incremental Commitment Percentage in effect at the time of the relevant determination.
Sample 1
Incremental Commitment Percentage in this Agreement means the Incremental Commitment Percentage in effect at the time of the relevant determination.
Sample 1
Incremental Commitment Percentage means, with respect to any Lender at any time, (a) the sum of (x) the aggregate principal amount of such Lender’s Advances and (y) such Lender’s unfunded Commitments divided by (b) the sum of (x) the aggregate principal amount of all Advances for all Lenders and (y) the unfunded Commitments of all Lenders. “Incremental Facility Amendment” means an amendment to this Agreement that is reasonably satisfactory to Administrative Agent (solely for purposes of giving effect to Section 2.17) and the Borrowers and is executed by each of (a) the Borrowers, (b) Administrative Agent and (c) each Lender and each Additional Lender that agrees to provide all or any portion of the relevant Incremental Commitment; provided that if the Required Lenders deem such amendment to be a Material Amendment in accordance with Section 2.17(b), then such amendment must also be reasonably satisfactory to the Required Lenders. For the avoidance of doubt, if the Required Lenders do not indicate to Borrowers whether they deem such amendment to be a Material Amendment within the time limitations established in Section 2.17(b), then the immediately preceding proviso shall not apply. “Indebtedness” means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: (a) all obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; (b) all direct or contingent payment obligations of such Person arising under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; (c) net payment or delivery obligations of such Person under any Swap Contract; (d) all payment obligations of such Person to pay the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business and, in each case, not past due for more than sixty (60) days after the date on which such trade account payable was created); (e) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse; (f) capital leases and Synthetic Lease Obligations; (g) all obligation...
Sample 1
Incremental Commitment Percentage or “Pro Rata Basis” or otherwise affect the manner in which payments are shared, or Collateral is allocated, ratably among Lenders; (i) modify Section 2.08 (other than clause (a) thereof), Section 2.15, Section 5.13 or Section 6.11; (j) modify this Section 9.01 or any other provision herein that expressly requires the consent of all Lenders or Required Lenders for any matter or the definition of “Required Lenders”; (k) amend or modify any part of the Fee and Ratio Letter; (l) release Guarantor from its obligations under the Guarantee Agreement (other than in accordance with the terms of the Guarantee Agreement); or (m) materially impair or diminish, or circumvent, any term or provision specified above (including, without limitation, by modifying any defined term used therein or any provision referenced therein); provided further that (i) the provisions set forth in Article 8 shall not be waived, amended, modified or supplemented, nor any consent granted to any deviation thereto, without the consent
Sample 1
Incremental Commitment Percentage means, with respect to any Incremental Senior Commitment Party, such Incremental Senior Commitment Party’s percentage of the Rights Offering Backstop Commitment and the 4(a)(2) Backstop Commitment as set forth opposite such Incremental Senior Commitment Party’s name under the column titled “Additional Commitment Percentage” on Schedule 1 to this Agreement. For the avoidance of doubt, any Commitment Party that is both a Senior Commitment Party and an Incremental Commitment Party, such Commitment Party’s Incremental Commitment Percentage shall only include the percentage set forth on Schedule 1 to this Agreement next to such Commitment Party’s name as listed under the section “Incremental Commitment Parties”. Any reference to “Incremental Commitment Percentage” in this Agreement means the Incremental Commitment Percentage in effect at the time of the relevant determination. “Incremental Senior Commitment Party” means each Party listed as such on Schedule 1 to this Agreement, solely with respect to the amount listed on such Schedule as its “Additional Commitment Percentage.” “Incremental Senior Commitment Premium Amount” means an amount equal to 17.2% of the Commitment Premium. 10
Sample 1
Incremental Commitment Percentage in this Agreement means the Incremental Commitment Percentage in effect at the time of the relevant determination. “Incremental Senior Commitment Party” means each Party listed as such on Schedule 1 to this Agreement, solely with respect to the amount listed on such Schedule as its “Additional Commitment Percentage.” “Incremental Senior Commitment Premium Amount” means an amount equal to 17.2% of the Commitment Premium. 10
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Related to Incremental Commitment Percentage

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

  • Incremental Commitment means any commitment made by a lender to provide all or any portion of any Incremental Facility or Incremental Loan.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Revolving Credit Percentage as to any Revolving Credit Lender at any time, the percentage which such Lender's Revolving Credit Commitment then constitutes of the Total Revolving Credit Commitments (or, at any time after the Revolving Credit Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender's Revolving Credit Loans then outstanding constitutes of the aggregate principal amount of the Revolving Credit Loans then outstanding).

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.