Initial Commitment Percentage definition

Initial Commitment Percentage means, with respect to any Commitment Party, such Commitment Party’s pro rata portion of an aggregate principal amount equal to $1,250,000,000 of Rights Offering Notes in the Rights Offering that such Commitment Party is willing to backstop as set forth opposite such Commitment Party’s name under the column titled “Commitment Percentage” on the Schedule 3.”
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Initial Commitment Percentage on any day, and as to any Lender, the quotient of (i) such Lender’s Initial Commitment Amount on such day, divided by (ii) the Total Initial Commitment Amount on such day.
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Initial Commitment Percentage of a Lender shall mean the Initial Commitment Percentage set forth below such ▇▇▇▇▇▇’s name on the signature page hereof as the same may be adjusted upon assignment by or to any Lender pursuant to Section 16.3(c) or (d) hereof.
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Examples of Initial Commitment Percentage in a sentence

  • Such Loans shall be made pro rata in accordance with each Lender’s Initial Commitment Percentage.

  • The percentage that an Underwriter's Initial Commitment bears to the aggregate Initial Commitments of all of the Underwriters is hereinafter referred to as the "Initial Commitment Percentage" of such Underwriter.

  • In the event that the Securities include debt obligations maturing serially, your Securities shall include, subject to any adjustments provided for in the Underwriting Agreement or in the Invitation, a principal amount of each series of such debt obligations that equals your Initial Commitment Percentage of the aggregate principal amount of such series.

  • Except for any such sale designated by a purchaser to be for the account of a particular Underwriter, such reservations and sales for your account shall be made as nearly as practicable in accordance with your Initial Commitment Percentage, unless you agree to a smaller amount at the request of the Representatives.

  • Notwithstanding any settlement or settlements hereunder, you will remain liable for any transfer taxes on transfers for your account and for your Initial Commitment Percentage of all expenses and liabilities incurred by or for the accounts of the Underwriters, including any expenses and liabilities referred to in Sections 14 and 15 hereof, which shall be determined as provided in this Section 12.

  • Notwithstanding any settlement or settlements hereunder you will remain liable for any transfer taxes on transfers for your account and for your Initial Commitment Percentage of all expenses and liabilities incurred by or for the accounts of the Underwriters, including any expenses and liabilities incurred by or for the accounts of the Underwriters, including any expenses and liabilities referred to in Sections 14 and 15 hereof, which shall be determined as provided in this Section 12.