Rateable Portion definition

Rateable Portion means, subject to adjustment pursuant to Section 2.3, 2.8(b), 6.3, 6.4 or 6.5, the proportion from time to time of the Individual Commitment Amount of a Lender under the Credit Facility relative to the Aggregate Commitment Amount under the Credit Facility.

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Rateable Portion means, at any time and from time to time with respect to each Lender the proportion from time to time of the Individual Commitment Amount of a Lender relative to the Commitment Amount, subject to adjustment pursuant to Sections 3.9, 7.3, 7.4, 7.5 and 21.18; provided that, the Rateable Portion after an Event of Default has occurred and is continuing shall be the portion of the Aggregate Principal Amount owing to a Lender relative to the Aggregate Principal Amount owing to all Lenders.

Rateable Portion means, with reference to any Lender:

Examples of Rateable Portion in a sentence

• If such Lender makes the payment to the Agent required herein, the amount so paid shall constitute such Lender’s Rateable Portion of the Loan for purposes of this Agreement.

• The failure of any Lender to make its Rateable Portion of any Loan shall not relieve any other Lender of its obligation, if any, hereunder to make its Rateable Portion of such Loan on the Drawdown Date, Rollover Date or Conversion Date, as the case may be, but no Lender shall be responsible for the failure of any other Lender to make the Rateable Portion of any Loan to be made by such other Lender on the date of any Drawdown, Rollover or Conversion, as the case may be.

• If such Lender makes the payment to the Agent as required herein, the amount so paid will constitute such Lender's Rateable Portion of the Advance for purposes of this Agreement.

• Subject to the terms and conditions hereof, each of the Lenders shall make available to the Borrower such Lender’s Rateable Portion of the Credit Facility.

• The failure of any Lender to make its Rateable Portion of the Advance will not relieve any other Lender of its obligation, if any, hereunder to make its Rateable Portion of the Advance on the date that such Advance is to take place, but no Lender will be responsible for the failure of any other Lender to provide its Rateable Portion of any Advance under the Credit Facility.

More Definitions of Rateable Portion

Rateable Portion means, as regards any Lender, with regard to any amount of money, (subject to Section 6.5 in respect of the rounding of allocations of Bankers’ Acceptances):

Rateable Portion means, as to any Lender, the percentage which:

Rateable Portion means, with respect to a Lender, the proportion from time to time of the Individual Revolving Loan Commitment Amount of such Lender.

Rateable Portion as regards any Lender, with regard to any amount of money, means:

Rateable Portion of a Lender means the quotient obtained by dividing that Lender's Commitment by the Total Commitment, all as set forth in Schedule "A", as Schedule "A" may be amended from time to time in accordance with the provisions of this Agreement.

Rateable Portion means, in respect of each Lender at any time, the proportion that (a) its Revolving Facility Commitment at such time bears to the Aggregate Revolving Facility Commitment at such time, (b) its Term Facility Commitment at such time bears to the Aggregate Term Facility Commitment at such time, or (c) its Commitment at such time bears to the Aggregate Commitment at such time, as the context requires, and the terms “rateable” and “rateably” shall have the corresponding meanings.

Rateable Portion means the fraction of all Advances outstanding owing to the Lender. (203) “Reference Time” means, with respect to any setting of the then-current US Benchmark, (1) if such US Benchmark is Adjusted Term SOFR, 11:00 a.m. (New York time) on the day that is two (2) Business Days preceding the date of such setting, and (2) if such US Benchmark is not Adjusted Term SOFR, the time determined by the Administrative Agent in its reasonable discretion. (204) “Refinitiv Canadian Dollar Offered Rate (CDOR) Page” means the display designated as Canadian Dollar Offered Rate (CDOR) calculated and administered by Refinitiv Benchmark Services Limited or other page as may, from time to time, replace that page on that service for the purpose of displaying bid quotations for bankers’ acceptances accepted by leading Canadian banks. (205) “Reimbursement Date” has the meaning given to it in Section 2.12(6)(b). (206) “Reimbursement Obligation” means the obligation of the Borrower in respect of a Letter of Credit to reimburse the Lenders pursuant to Section 2.12(6). (207) “Release” shall mean the method by which any Contaminant comes to be in the environment at large, including any release, threatened release, spill, emission, leaking, pumping, pouring, emitting, emptying, escape, injection, deposit, disposal, discharge, dispersal, dumping, leaching or migration of a Contaminant in the indoor or outdoor environment, including the movement of a Contaminant through or in the air, soil, surface water, ground water or property as the result of any activity of the Borrower or any of the Guarantors. (208) “Replacement Lender” has the meaning given to it in Section 14.1(5).