Loan Percentage definition
Loan Percentage as to any Lender at any time, the percentage which such Lender’s Commitment then constitutes of the aggregate Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender’s Loans then outstanding constitutes of the aggregate principal amount of the Loans then outstanding).
Loan Percentage means, with respect to the Lenders, the percentage equal to a fraction, the numerator of which is the Requested Loan, and the denominator of which is the sum of (i) the Requested Other Bilateral Loans and (ii) Requested Loan, in each case, at the time of such calculation.
Loan Percentage means, as of any date and prior to the application of the principal amount with respect to which the Financing Percentages or the Alternate Financing Percentages are then being calculated, the ratio, expressed as a percentage, the numerator of which is an amount equal to the Outstanding Principal Balance on such date and the denominator of which is an amount equal to the Aggregate Outstanding Principal Balance on such date.
Examples of Loan Percentage in a sentence
If such Bank’s applicable Loan Percentage of such Borrowing is not in fact made available to the Administrative Agent by such Bank within one (1) Business Day of such date of Borrowing, the Administrative Agent shall be entitled to recover such amount with interest thereon at the rate per annum, equal to (i) the Alternate Base Rate (in the case of ABR Loans) or (ii) the Federal Funds Effective Rate (in the case of SOFR Loans), on demand, from the Borrower.
More Definitions of Loan Percentage
Loan Percentage means, with respect to a Lender, the percentage of each Loan specified opposite such Lender’s name on Schedule 1 hereto.
Loan Percentage means, as to any Bank at any time, a fraction (expressed as a percentage) the numerator of which is the amount of such Bank’s Commitment or, if the Commitments shall have terminated, the Outstanding Extensions of Credit of such Bank then outstanding, and the denominator of which is the Total Commitments then in effect or, if the Commitments shall have terminated, the Total Outstanding Extensions of Credit then outstanding; provided that in the case of Section 2.3 when a Defaulting Bank shall exist, “Loan Percentage” shall mean the percentage of the Total Commitments or, if the Commitments shall have terminated, the Outstanding Extensions of Credit (disregarding any Defaulting Bank’s Commitment or, if the Commitments shall have terminated, the Outstanding Extensions of Credit of such Defaulting Bank then outstanding) represented by such Bank’s Commitment or, if the Commitments shall have terminated, such Bank’s Outstanding Extensions of Credit.
Loan Percentage means, with respect to any Lender, the ratio, expressed as a percentage, of (i) the sum of such Lender’s (a) unfunded Allocation plus (b) the outstanding principal amount of such Lender’s Loans to (ii) the sum of (a) the aggregate amount of all unfunded Allocations plus (b) the outstanding principal amount of all Loans.
Loan Percentage means, as of the date a remittance is to be made by the Administrative Agent to the Banks hereunder, the aggregate principal amount outstanding under all Notes held by a Bank divided by the aggregate principal amount outstanding under all Notes held by all Banks.
Loan Percentage means, with respect to any Lender at any time, the percentage such Lender’s outstanding Loan at such time then constitutes of the aggregate outstanding Loans of all Lenders at such time.
Loan Percentage as to any Lender at any time, the percentage which such Lender's Commitment then constitutes of the aggregate Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Revolving Credit Commitments (or, if the Revolving Credit Commitments have been terminated, such Lender's Revolving Extensions of Credit) and Term Loans then outstanding constitutes of the aggregate principal amount of the Revolving Credit Commitments (or, if the Revolving Credit Commitments have been terminated, the Total Revolving Extensions of Credit) and Term Loans then outstanding).
Loan Percentage or the percentage of Lenders which shall be required for the Lenders or any of them to take any action under the Loan Documents; (f) amend ss.4.4, ss.5, ss.13.4, this ss.27, or ss.28; (g) release any Collateral with an aggregate value exceeding $500,000 (in adDition to Collateral released pursuant to ss.8.4.2 and Collateral released by the Administrative Agent in connection with a PermitteD Equipment Securitization under Section 12) in any calendar year or (h) release any Borrower from its obligations hereunder; and FURTHER, no amendment, waiver or consent shall do any of the following unless in writing and signed by the Administrative Agent: (i) amend the amount of the Administrative Agent's fee; and FURTHER, no amendment, waiver or consent shall do any of the following unless in writing and signed by the Issuing Bank: (j) amend the amount of the Issuance Fees payable for the Issuing Bank's account; and FURTHER, no amendment, waiver or consent shall do any of the following unless in writing and signed by the Administrative Agent: (k) amend ss.15; and further, no amendment, waiver or consent shall amend ss.2.8 or any other provisiOns relating to the Swing Line Loans unless in writing and signed by Fleet or (l) without the written consent of all Revolving Credit Lenders, change the definition of "Required Revolving Credit Lenders". No waiver shall extend to or affect any obligation not expressly waived or impair any right consequent thereon. No course of dealing or delay or omission on the part of the Administrative Agent or any Lender in exercising any right shall operate as a waiver thereof or otherwise be prejudicial thereto. No notice to or demand upon the Borrowers shall entitle the Borrowers to other or further notice or demand in similar or other circumstances.