Multicurrency Commitment Percentage definition

Multicurrency Commitment Percentage as to any Multicurrency Lender at any time, the percentage which such Multicurrency Lender’s Multicurrency Commitment at such time constitutes of the aggregate Multicurrency Commitments of all Multicurrency Lenders at such time (or, if the Multicurrency Commitments have terminated or expired, the percentage which (a) the Dollar Equivalent of the Aggregate Multicurrency Outstandings of such Multicurrency Lender at such time constitutes of (b) the Dollar Equivalent of the Aggregate Multicurrency Outstandings of all Multicurrency Lenders at such time).

Multicurrency Commitment Percentage as to any Lender at any time, the percentage which such Lender’s Multicurrency Commitment at such time constitutes of the Aggregate Multicurrency Commitments at such time.

Multicurrency Commitment Percentage means as to any Multicurrency Lender, the percentage which such Multicurrency Lender’s Multicurrency Commitment then constitutes of the Aggregate Multicurrency Commitments (or, if the Multicurrency Commitments have terminated or expired, the percentage which (a) the Aggregate Multicurrency Outstanding Credit Exposure of such Multicurrency Lender at such time constitutes of (b) the Aggregate Multicurrency Outstanding Credit Exposure of all Multicurrency Lenders at such time).

Examples of Multicurrency Commitment Percentage in a sentence

• Termination and reduction of the Multicurrency Commitments may be made on a non-pro rata basis among the Multicurrency Lenders; provided that (x) after giving effect to such termination or reduction, no Multicurrency Lender shall have a Multicurrency Commitment Percentage in excess of 15%, (y) no Default or an Event of Default shall have occurred and be continuing and (z) the Multicurrency Loans outstanding shall not exceed the amount of the reduced amount of the Multicurrency Commitments.

• If the Company fails to make such payment when due then, upon notice from the applicable Issuing Bank to the Company and the Administrative Agent, the Administrative Agent shall notify each Multicurrency Lender of the applicable LC Disbursement, the payment then due from the Company in respect thereof and such Lender’s Multicurrency Commitment Percentage, thereof.

• Until each Lender funds its ABR Multicurrency Revolving Committed Loan or risk participation pursuant to this Section 2.04 to refinance such Multicurrency Lender’s Multicurrency Commitment Percentage of any Swing Line Loan, interest in respect of such Multicurrency Commitment Percentage shall be solely for the account of the Swing Line Lender.

• Immediately upon the making of a Swing Line Loan, each Multicurrency Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such Multicurrency Lender’s Multicurrency Commitment Percentage times the amount of such Swing Line Loan.

• In consideration and in furtherance of the foregoing, each Multicurrency Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the Issuing Bank, such Lender’s Multicurrency Commitment Percentage of each LC Disbursement made by the Issuing Bank and not reimbursed by the Company on the date due as provided in paragraph (e) of this Section or of any reimbursement payment required to be refunded to the Company for any reason.

More Definitions of Multicurrency Commitment Percentage

Multicurrency Commitment Percentage means, with respect to any Multicurrency Lender, the percentage (carried out to the ninth decimal place) of the total Multicurrency Commitments represented by such Lender’s Multicurrency Commitment, subject to adjustment as provided in Section 2.22. If the Multicurrency Commitments have terminated or expired, the Multicurrency Commitment Percentages shall be determined based upon the Multicurrency Commitments most recently in effect, giving effect to any assignments. The initial Multicurrency Commitment Percentage of each Multicurrency Lender is set forth opposite the name of such Multicurrency Lender on Schedule 2.01 or in the Assignment and Acceptance pursuant to which such Multicurrency Lender becomes a party hereto, as applicable.

Multicurrency Commitment Percentage means as to any Designated Multicurrency Lender and any Multicurrency Loan or Multicurrency Facility Letter of Credit to any Borrower at any time, the percentage which such Designated Multicurrency Lender's Multicurrency Commitment with respect to such Borrower then constitutes of the aggregate Multicurrency Commitments of all Designated Multicurrency Lenders with respect to such Borrower (or, if the Multicurrency Commitments have terminated or expired, the percentage which (a) the Aggregate Multicurrency Outstandings of such Designated Multicurrency Lender with respect to such Borrower at such time constitutes of (b) the Aggregate Multicurrency Outstandings of all Designated Multicurrency Lenders with respect to such Borrower at such time).

Multicurrency Commitment Percentage means as to any Designated Multicurrency Lender and any Multicurrency Loan or Multicurrency Facility Letter of Credit to any Borrower at any time, the percentage which such Designated Multicurrency Lender's Multicurrency Commitment then constitutes of the aggregate Multicurrency Commitments of all Designated Multicurrency Lenders with respect to such Borrower (or, if the Multicurrency Commitments have terminated or expired, the percentage which (a) the Aggregate Multicurrency Outstandings of such Designated Multicurrency Lender at such time constitutes of (b) the Aggregate Multicurrency Outstandings of all Designated Multicurrency Lenders with respect to such Borrower at such time).

Multicurrency Commitment Percentage means, as to any Multicurrency Bank, the percentage equivalent of such Bank's Multicurrency Commitment divided by the Multicurrency Commitments of all the Multicurrency Banks, provided that if the Multicurrency Commitments have been terminated in full the "Multicurrency Commitment Percentage" of each Multicurrency Bank shall be determined by dividing such Bank's Multicurrency Commitment immediately prior to such termination by all the Multicurrency Banks' Multicurrency Commitments immediately prior to such termination.

Multicurrency Commitment Percentage as to any Multicurrency Lender at any time, the percentage which such Multicurrency Lender's Multicurrency Commitment at such time constitutes of the aggregate Multicurrency Commitments of all Multicurrency Lenders at such time (or, if the Multicurrency Commitments have terminated or expired, the percentage which (a) the U.S. Dollar Equivalent of the Aggregate Multicurrency Outstandings of such Multicurrency Lender at such time constitutes of (b) the U.S. Dollar Equivalent of the Aggregate Multicurrency Outstandings of all Multicurrency Lenders at such time).

Multicurrency Commitment Percentage means, in respect of the Multicurrency Commitments, with respect to any Multicurrency Lender as of any date, the percentage (carried out to the ninth decimal place) of the Multicurrency Commitments represented by such Multicurrency Lender’s Multicurrency Commitment at such time, subject to adjustment as provided in Section 2.19. If the Multicurrency Commitments of all of the Multicurrency Lenders to make Committed Loans and the obligation of the L/C Issuers to make L/C Credit Extensions have been terminated pursuant to Section 8.02(a) or if the Aggregate Commitments have expired, then the Multicurrency Commitment Percentage of any Multicurrency Lender shall be determined based on the Multicurrency Commitment Percentage of such Multicurrency Lender most recently in effect, giving effect to any subsequent assignments. The initial Multicurrency Commitment Percentage of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption, Instrument of Accession or other instrument, as the case may be, pursuant to which such Lender becomes a party hereto, as applicable.

Multicurrency Commitment Percentage means the percentage of the Total Multicurrency Revolving Credit Commitment represented by such Lender's Multicurrency Revolving Credit