Incremental Term Loan Commitment Percentage definition

Incremental Term Loan Commitment Percentage means, for each Lender, the percentage of the aggregate Incremental Term Loan Commitments represented by such Lender’s Incremental Term Loan Commitment at such time and identified as its Incremental Term Loan Commitment Percentage in any Increase Joinder, as such percentage may be modified in connection with any Assignment and Assumption made in accordance with the provisions of Section 10.06(b).
Incremental Term Loan Commitment Percentage as to any Incremental Term Lender at any time, the percentage of the Aggregate Incremental Term Commitments that are not in respect of Tranche B Term Loans, then constituted by such Lender’s Incremental Term Loan Commitments that are not in respect of Tranche B Term Loans (or, after such Incremental Term Loans are made, the percentage of the aggregate outstanding principal amount of the Incremental Term Loans that are not Tranche B Term Loans, then constituted by the principal amount of such Incremental Term Lender’s Incremental Term Loans that are not in respect of Tranche B Term Loans).
Incremental Term Loan Commitment Percentage as to any Lender at any time under an Incremental Term Loan Facility, the percentage which such Lender’s Incremental Term Loan (or, prior to the applicable Incremental Facility Activation Date, Incremental Term Loan Commitment) constitutes of the aggregate then outstanding principal amount of Incremental Term Loans (or Incremental Term Loan Commitments) under such Incremental Term Loan Facility.

Examples of Incremental Term Loan Commitment Percentage in a sentence

  • Subject to Section 5.7 hereof, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Term Loan requested pursuant to this Section 4.2 to the extent that any Lender has not made available to the Administrative Agent its Initial Term Loan Commitment Percentage or its Incremental Term Loan Commitment Percentage, as applicable, of such Loan.

  • Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Lender severally agrees to make available to the Borrower on the Closing Date such Lender's Incremental Term Loan Commitment Percentage of an incremental term loan in Dollars (the "Incremental Term Loan") in the aggregate principal amount of THIRTY-FIVE MILLION DOLLARS ($35,000,000) (the "Incremental Term Loan Committed Amount") for the purposes hereinafter set forth.

  • Each Lender's Incremental Term Loan Commitment Percentage of the Incremental Term Loan outstanding as of the Closing Date shall be evidenced by a duly executed promissory note of the Borrower to such Lender in substantially the form of Schedule 2.3(d).

  • Upon receipt by the Administrative Agent of each such payment, the Administrative Agent shall distribute to each Lender at its address for notices set forth herein its pro rata share of such payment in accordance with such Lender’s Revolving Credit Commitment Percentage, Term Loan Commitment Percentage or Incremental Term Loan Commitment Percentage, as applicable (except as specified below) and shall wire advice of the amount of such credit to each Lender.

  • Upon receipt by the Administrative Agent of each such payment, the Administrative Agent shall distribute to each Lender at its address for notices set forth herein its pro rata share of such payment in accordance with such Lender’s Revolving Credit Commitment Percentage, Term Loan B Commitment Percentage, Term Loan C Commitment Percentage or Incremental Term Loan Commitment Percentage, as applicable (except as specified below) and shall wire advice of the amount of such credit to each Lender.


More Definitions of Incremental Term Loan Commitment Percentage

Incremental Term Loan Commitment Percentage means, for each Incremental Term Loan Lender under an Incremental Term Loan Facility, a fraction (expressed as a percentage carried to the ninth decimal place), the numerator of which is, prior to funding of its Incremental Term Loan under such Incremental Term Loan Facility, such Incremental Term Loan Lender’s Incremental Term Loan Commitment, and after funding of its Incremental Term Loan under such Incremental Term Loan Facility, the outstanding principal amount of such Incremental Term Loan Lender’s Incremental Term Loan under such Incremental Term Loan Facility, and the denominator of which is, prior to funding of the Incremental Term Loans under such Incremental Term Loan Facility, the aggregate principal amount of the Incremental Term Loan Commitments of the Incremental Term Loan Lenders under such Incremental Term Loan Facility, and after funding of the Incremental Term Loans under such Incremental Term Loan Facility, the Outstanding Amount of the Incremental Term Loans under such Incremental Term Loan Facility.
Incremental Term Loan Commitment Percentage means, for each Incremental Term Loan Lender under an Incremental Term Loan Facility, a fraction (expressed as a percentage carried to the ninth decimal place), the numerator of which is, prior to funding of its Incremental Term Loan under such Incremental Term Loan Facility, such Incremental Term Loan Lender’s Incremental Term Loan Commitment, and after funding of its Incremental Term Loan under such Incremental Term Loan Facility, the outstanding principal amount of such Incremental Term Loan Lender’s Incremental Term Loan under such Incremental Term Loan Facility, and the denominator of which is, prior to funding of the Incremental Term Loans under such Incremental Term Loan Facility , the aggregate principal amount of the Incremental Term Loan Commitments of the Incremental Term Loan Lenders under such Incremental Term Loan Facility , and after funding of the Incremental Term Loans under such Incremental Term Loan Facility , the Outstanding Amount of the Incremental Term Loans under such Incremental Term Loan Facility.
Incremental Term Loan Commitment Percentage of any Lender at any time shall mean a fraction (expressed as a percentage) the numerator of which is the Incremental Term Loan Commitment of such Lender at such time and the denominator of which is the Total Incremental Term Loan Commitment at such time, provided that if such percentage of any Lender is to be determined after the Total Incremental Term Loan Commitment has been terminated, then such percentages of the Lenders shall be determined immediately prior (and without giving effect) to such termination.

Related to Incremental Term Loan Commitment Percentage

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Total Incremental Term Loan Commitment means the sum of the Incremental Term Loan Commitments of any Class of Incremental Term Loans of all the Lenders providing such Class of Incremental Term Loans.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • 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).

  • Adjusted Total Term Loan Commitment means at any time the Total Term Loan Commitment less the Term Loan Commitments of all Defaulting Lenders.

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Incremental Term Loans has the meaning specified in Section 2.14(a).