Participant’s Global Proportion definition
Participant’s Global Proportion means, in respect of each Funded Participation, the proportion (expressed as a percentage) borne by the aggregate of the Participation Commitments in respect of all Participated Tranches applicable to that Funded Participation to the aggregate of all the Grantor’s drawn and undrawn commitment under the Credit Agreement and/or the Other Portfolio Agreement to which such Funded Participation relates.
Examples of Participant’s Global Proportion in a sentence
In respect of each Funded Participation, subject to Clause 12.2, the Participant shall forthwith on demand pay to the Grantor an amount equal to the Participant’s Global Proportion of the Relevant Costs and Expenses.
In respect of each Funded Participation, the Grantor shall pay to the Participant the Participant’s Global Proportion of any amounts subsequently recovered by the Grantor in respect of any Relevant Costs and Expenses.