Pro Rata Outstandings of any Lender at any time, means (a) in the case of the Term Loan Facility, the outstanding principal amount of the Term Loans owing to such Lender and (b) in the case of the Revolving Credit Facility, the sum of (i) the outstanding principal amount of Revolving Loans owing to such Lender and (ii) the amount of the participation of such Lender in the L/C Obligations outstanding with respect to all Letters of Credit.
Pro Rata Outstandings means, with respect to any Lender at any time, the outstanding principal amount of the Loan owing to such Lender at such time.
Pro Rata Outstandings of any Lender at any time, means the sum of (i) the outstanding principal amount of Loans owing to such Lender and (ii) the amount of the participation of such Lender in the L/C Obligations outstanding with respect to all Letters of Credit.
Examples of Pro Rata Outstandings in a sentence
The Borrower agrees to pay to each Lender a commitment fee on the average daily amount by which the Commitment of such Lender exceeds its Pro Rata Outstandings (the “Unused Commitment Fee”) from the date hereof through the Termination Date at a rate per annum equal to 0.50%, payable in arrears (x) on the last day of each calendar month and (y) on the Termination Date.
Notwithstanding anything herein to the contrary, with respect to Non-Voting Lenders: the unused portion of the Commitments and the Pro Rata Outstandings of a Non-Voting Lender shall not be included in determining whether the Required Lenders or Supermajority Lenders (as applicable) have taken or may take any action hereunder.
The Borrower and Holdings agree to pay to the Administrative Agent on the Second Amendment Effective Date for the benefit of each Lender executing this Amendment, a consent fee equal to 5 basis points of the aggregate amount of such Lender’s Revolving Credit Commitment and Pro Rata Outstandings of the Initial Term Loan and the Incremental Term Loan (the “Consent Fee”).
The Borrower and Holdings agree to pay to the Administrative Agent on the Third Amendment Effective Date for the benefit of each Lender executing this Amendment, a consent fee equal to 25 basis points of the aggregate amount of such Lender’s Revolving Credit Commitment and Pro Rata Outstandings of the Initial Term Loan and the Incremental Term Loan (the “Consent Fee”).
More Definitions of Pro Rata Outstandings
Pro Rata Outstandings of any Lender at any time, means (a) in the case of any New Term Loan Commitments or Extended Term Loan Commitments that have been terminated, the outstanding principal amount of the Term Loans owing to such Lender and (b) in the case of any Revolving Commitments or Extended Revolving Commitments that have been terminated, the sum of (i) the outstanding principal amount of Revolving Loans owing to such Lender and (ii) the amount of the participation of such Lender in outstanding Letters of Credit.
Pro Rata Outstandings means, with respect to any Lender at any time, the outstanding principal amount of the Loan owing to such Lender at such time. LOAN AGREEMENT – Page 16[Summit Pennington]
Pro Rata Outstandings of any Lender at any time, means the outstanding principal amount of the Loans owing to such Lender. “Pro Rata Share” means, with respect to any Lender at any time, the percentage obtained by dividing (a) the sum of the Commitments (or, if the Commitments are terminated, the Pro Rata Outstandings) of such Lender then in effect by (b) the sum of the Commitments (or, if the Commitments are terminated, the Pro Rata Outstandings) of all Lenders then in effect; provided, however, that, if there are no Commitments and no Pro Rata Outstandings, such Xxxxxx’s Pro Rata Share shall be determined based on the Pro Rata Share most recently in effect, after giving effect to any subsequent assignment. “Project” means the renewable energy facilities owned by the Borrower or any of its direct or indirect subsidiaries as of the Closing Date, and each renewable energy facility acquired by the Borrower or any of its Subsidiaries after the Closing Date. “Project Company” means any wholly owned direct or indirect Subsidiary of the Borrower (or directly or indirectly wholly owned by the Borrower and a tax equity investor or a tax equity joint venture, as applicable) that owns a Project. “Property Loss Event” means, with respect to any property, any loss of or damage to such property or any taking of such property or condemnation thereof. “Qualified Equity Interests” means any Equity Interests that are not Disqualified Equity Interests. “Real Estate” means land, buildings, facilities and improvements owned, leased or operated by any Loan Party. “Recipient” means (a) Administrative Agent or (b) any Lender, as applicable. “Register” has the meaning specified in Section 2.10(b). “Regulation T” means Regulation T of the Federal Reserve Board as from time to time in effect and any successor to all or a portion thereof establishing margin requirements. “Regulation U” means Regulation U of the Federal Reserve Board as from time to time in effect and any successor to all or a portion thereof establishing margin requirements.
Pro Rata Outstandings of any Lender at any time, means (a) in the case of theany Term Loan Facility, the outstanding principal amount of the Term Loans under such Term Loan Facility owing to such Lender and (cb) in the case of the Revolving Credit Facility, the sum of (i) the outstanding principal amount of the Revolving Loans owing to such Lender and, (ii) the amount of the funded and unfunded risk participations of such Lender in the outstanding Swingline Loans and (iii) the amount of the participation of such Lender in the L/C Obligations outstanding with respect to all Letters of Credit. “Pro Rata Share” means, with respect to any Lender and any Facility or Facilities at any time, the percentage obtained by dividing (a) the sum of the Commitments (or, if suchthe Commitments inunder any such Facility are terminated, the Pro Rata Outstandings thereinthereunder) of such Lender then in effect under such Facility or Facilities by (b) the sum of the Commitments (or, if suchthe Commitments inunder any such Facility are terminated, the Pro Rata Outstandings thereinthereunder) of all Lenders then in effect under such Facility or Facilities; provided, however, that, if there are no Commitments and no Pro Rata Outstandings in any of such Facilities, such Lender’s Pro Rata Share in such Facilities shall be determined based on the Pro Rata Share in such Facilities most recently in effect, after giving effect to any subsequent assignment and any subsequent non-pro rata payments of any Lender pursuant to Section 2.18. For the purposes of Section 2.19(e), Pro Rata Share for any Term Loan Lender means a percentage of the proposed Incremental Term Loans equal to a percentage thereof equal to a fraction, the numerator of which is the principal amount of the Term Loans held by such Term Loan Lender at the time the notice of the Incremental Term Loans is issued by the Borrower and the denominator is the aggregate outstanding amount of the Term Loans at such time. “QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. § 5390(c)(8)(D). “QFC Credit Support” has the meaning assigned to such term in Section 11.25(a). “Qualified Capital Stock” means Stock that is not Disqualified Stock. “Qualifying IPO” means the issuance by Holdings or any direct or indirect parent thereof of its common Stock in an underwritten primary public offering (other than a public offering pursuant to a registration statement on Form S-8) pursuant ...
Pro Rata Outstandings of any Lender at any time, means (a) in the case of the Term Loan Facility, the outstanding principal amount of the Term Loans outstanding under such facility owing to such Lender at such time and (b) in the case of the U.S. Revolving Credit
Pro Rata Outstandings of any Lender at any time, means (a) in the case of the First Lien Term Facility, the outstanding principal amount of the Term Loans owing to such Lender under the First Lien Term Facility, (b) in the case of the Revolving Credit Facility, the sum of (i) the outstanding principal amount of Revolving Loans owing to such Lender and (ii) the amount of the participation of such Lender in the L/C Obligations outstanding with respect to all Letters of Credit, and (c) in the case of an Incremental Facility, the outstanding principal amount of the Incremental Term Loans owing to such Lender.
Pro Rata Outstandings of any Lender at any time, means the outstanding principal amount of the Term Loans owing to such Lender. AMENDED AND RESTATED CREDIT AGREEMENT MEDICAL STAFFING NETWORK, INC.