Percentage Commitment definition

Percentage Commitment. As set forth on EXHIBIT 2.21(a), annexed hereto, reflecting, with respect to any Lender, the ratio of (i) the amount of the Dollar Commitment of such Lender to (ii) the aggregate amount of the Dollar Commitments of all Lenders (as such percentage may change in accordance with the provisions of this Agreement).
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Percentage Commitment of the Owner Participant shall mean the percentage set forth opposite the Owner Participant’s name in Schedule 1 to the Participation Agreement under the heading “Percentage Commitment” and “Percentage Commitment” of each Loan Participant for each Series of Notes shall mean the percentage set forth opposite such Loan Participant’s name in Schedule I to the Participation Agreement for such Series under the heading “Percentage Commitment”.
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Percentage Commitment. With respect to any Lender, the ratio of (i) the amount of the Dollar Commitment of such Lender to (ii) the aggregate amount of the Dollar Commitments of all Lenders (as such percentage may change in accordance with the provisions of this Agreement), which Percentage Commitment as of the date hereof is set forth on EXHIBIT 2.21(a) annexed hereto.
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Examples of Percentage Commitment in a sentence

  • All Revolving Credit Advances shall be made from the Lenders PRO RATA on the basis of their Percentage Commitment.

  • If the Buyer so Transfers less than all of its rights and obligations under this Agreement, the Buyer shall enter into an amendment to this Agreement to reflect the reduction in the Buyer’s Applicable Percentage Commitment.

  • The Advance to be made by each Lender in respect of each Tranche shall be in an amount equal to the amount of such Tranche multiplied by such Lender=s Percentage Commitment.

  • The Executive shall set forth in his/her Retirement Notice the length of the Executive's part-time commitment, which shall not exceed a period of three (3) years following the Date of Retirement, and the extent of such commitment, shall not be more than 50% of full-time (the "Percentage Commitment").

  • The Assignor hereby sells and assigns to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, as of the Effective Date, the following portion (the “Assigned Commitment”) of the Assignor’s interest in the Credit Facilities: [Revolving Credit Percentage Commitment/ Last Out Revolving Commitment Percentage] : % [Revolving Credit Dollar Commitment/Last Out Revolving Credit Dollar Commitment] : $ .

  • While serving as a part-time employee, the Company will pay the Executive a salary equal to his/her Base Salary multiplied by his/her Percentage Commitment.

  • Borrowing Base Percentage Commitment Fee ------------------------- -------------- Less than or equal to 50% one-fourth of one percent (1/4%) Greater than 50% three-eighths of one percent (3/8%) If the Borrowing Base Percentage during any Quarterly Period should increase above 50% or decrease below 50% (or both), the Commitment Fee shall be prorated as to the number of days during the Quarterly Period that the Borrowing Base Percentage was above or below 50%, as the case may be.

  • Subject to the terms and conditions hereof, each Lender severally agrees to make Advances for the loans to the Borrower from time to time prior to the second anniversary of the date of this Agreement (such date is referred to as the "Maturity Date") in the manner set forth in Section 1.02 in an aggregate principal amount at any one time outstanding which does not exceed the amount of such Lender's Commitment Percentage ("Commitment Percentage"), as set forth on Schedule 1.01, of the Maximum Amount.

  • Anything in the foregoing to the contrary notwithstanding, the portion of any interest payment remitted to any Lender with respect to any Cash Management Loan shall be equal only to interest on the amount advanced by such Lender, at the applicable rate, from the date such Lender advances its Percentage Commitment of such Loan.

  • By: /s/ ▇▇▇▇ ▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇ Title: Assistant Secretary Bank Commitment Percentage Commitment Amount PNC Bank, National Association 27.27273% $ 15,000,000 Fleet National Bank 22.72727% 12,500,000 Credit Lyonnais New York Branch 27.27273% 15,000,000 Sovereign Bank 22.72727% 12,500,000 Total 100.0000000% $ 55,000,000 This Assignment and Acceptance Agreement is made and entered into as of _________, 200_, by and between ____________________ (the “Assignor”) and _______________ (the “Assignee”).


More Definitions of Percentage Commitment

Percentage Commitment. As included in the Definition of "Commitment".
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Related to Percentage Commitment

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Available Commitment means a Lender’s Commitment minus: