Last Out Pro Rata Share definition

Last Out Pro Rata Share means, with respect to any Last Out Lender, the percentage obtained by dividing (i) the outstanding principal amount of such Last Out Lender’s portion of Last Out Term Loans by (ii) the outstanding principal amount of all Last Out Term Loans.
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Last Out Pro Rata Share means, with respect to any Last Out Holder, the percentage obtained by dividing (a) the unpaid principal amount of such Last Out Holder's portion of the Last-Out Term Loan by (b) the aggregate unpaid principal amount of the Last-Out Term Loan held by the Last Out Holders. “Last Out Representative” and Last Out Representative-Related Person” have the meanings set forth in Section 7.
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Last Out Pro Rata Share means, as of any date of determination and with respect to any Last Out Lender, the percentage obtained by dividing (A) the unpaid principal amount of such Last Out Lender’s portion of the Last Out Loan by (B) the aggregate unpaid principal amount of the Last Out Loan.
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Examples of Last Out Pro Rata Share in a sentence

  • Each Last Out Lender shall be obligated to purchase the First Out Priority Obligations in accordance with its respective Last Out Pro Rata Share.


More Definitions of Last Out Pro Rata Share

Last 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 Last Out Revolver Commitment, by (b) the aggregate amount of Last Out Revolver Commitments of all Lenders; provided, however, that in the event the Last Out Revolver Commitments have been terminated or reduced to zero, Last Out Pro Rata Share shall be the percentage obtained by dividing (i) the outstanding principal amount of such Lender’s Last 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 Last Out Revolver Commitments, by (ii) the outstanding principal amount of all Last 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 Last Out Revolver Commitments.
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Related to Last 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 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.

  • 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.

  • Commitment Fee Percentage means, with respect to the Revolving Loan Commitments at any time, the per annum percentage which is used to calculate Commitment Fees for such Revolving Loan Commitments determined pursuant to the Pricing Grid.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(c). [Signature page follows.]