Revolver Pro Rata Share means, when used with reference to any Revolving Lender and any described aggregate or total amount, an amount equal to the result obtained by multiplying such described aggregate or total amount by a fraction the numerator of which shall be such Revolving Lender’s Revolving Commitment or, if the Revolver Termination Date for any Revolving Facility has occurred, the Effective Amount of such Revolving Lender’s then outstanding Revolving Loans and the denominator of which shall be the Revolving Commitments or, if the Revolver Termination Date for any Facility has occurred, the Effective Amount of all then outstanding Revolving Loans for such terminated Facility plus all remaining Revolving Commitments.
Revolver Pro Rata Share means, when used with reference to any Revolving Lender and any described aggregate or total amount, an amount equal to the result obtained by multiplying such described aggregate or total amount by a fraction the numerator of which shall be such Lender's Revolving Commitment and the denominator of which shall be the Revolving Commitments or, if the Revolver Termination Date has occurred, such Lender's aggregate outstanding principal amount of Revolving Loans and its pro rata share of outstanding Swing Line Loans and LC Obligations to the aggregate outstanding principal amount of all Revolving Loans and Swing Line Loans hereunder and the aggregate outstanding amount of all LC Obligations.
Revolver Pro Rata Share means, when used with reference to any Revolving Lender and any described aggregate or total amount, an amount equal to the result obtained by multiplying such described aggregate or total amount by a fraction the numerator of which shall be such Revolving Lender’s Revolving Commitment or, if the Revolver Termination Date has occurred, the Effective Amount of such Revolving Lender’s then outstanding Revolving Loans and the denominator of which shall be the Revolving Commitments or, if the Revolver Termination Date has occurred, the Effective Amount of all then outstanding Revolving Loans.
Examples of Revolver Pro Rata Share in a sentence
In the case of a Borrowing comprised of Revolving Loans denominated in an Alternative Currency, such notice will provide the approximate amount of each Lender’s Revolver Pro Rata Share of the Borrowing, and Administrative Agent will, upon the determination of the Dollar Equivalent amount of the Borrowing as specified in the Notice of Borrowing, promptly notify each Lender of the exact amount of such Lender’s Revolver Pro Rata Share of the Borrowing.
Each Lender agrees to participate in each Outstanding Letter of Credit issued by any Facing Agent in an amount equal to its Multicurrency Revolver Pro Rata Share of the Stated Amount of such Outstanding Letter of Credit.
Upon any change in the Multicurrency Revolving Commitments of the Multicurrency Revolving Lenders, it is hereby agreed that, with respect to all outstanding Letters of Credit and Unpaid Drawings relating to Letters of Credit, there shall be an automatic adjustment pursuant to this Section 2.10(e) to reflect the new Multicurrency Revolver Pro Rata Share of the assignor and assignee Lender or of all Lenders with Multicurrency Revolving Commitments, as the case may be.
Administrative Agent shall as promptly as practicable give each Lender that would be required to fund a portion of a proposed Borrowing written or telephonic notice (promptly confirmed in writing) of such proposed Borrowing, such Lender’s Revolver Pro Rata Share thereof and of the other matters covered by the Notice of Borrowing.
Canadian Administrative Agent shall as promptly as practicable give each Canadian Revolving Lender written or telephonic notice (promptly confirmed in writing) of each proposed Borrowing, of such Canadian Revolving Lender’s Canadian Revolver Pro Rata Share thereof and of the other matters covered by the Notice of Canadian Borrowing.
More Definitions of Revolver Pro Rata Share
Revolver Pro Rata Share of any amount means, with respect to any Revolving Credit Lender at any time, the product of such amount times a fraction the numerator of which is the amount of such Lender’s Revolving Credit Commitment at such time (or, if the Commitments shall have been terminated pursuant to Section 2.05 or 6.01, such Lender’s Revolving Credit Commitment as in effect immediately prior to such termination) and the denominator of which is the Revolving Credit Facility at such time (or, if the Commitments shall have been terminated pursuant to Section 2.05 or 6.01, the Revolving Credit Facility as in effect immediately prior to such termination). The initial Pro Rata Share of each Lender is set forth opposite the name of that Lender in Schedule I annexed hereto under the heading “Revolver Pro Rata Share”; provided that Schedule I shall be amended and each Pro Rata Share shall be adjusted from time to time to give effect to the execution of any supplements, amendments or modifications to this Agreement and the addition or removal of any Lender as provided herein or by assignment pursuant to Section 9.07.
Revolver Pro Rata Share means, (i) when used with reference to any Revolving Lender and any described aggregate or total amount, an amount equal to the result obtained by multiplying such described aggregate or total amount by a fraction the numerator of which shall be such Lender's Revolving Commitment and the denominator of which shall be the Total Revolving Commitment or (ii) if the Revolver Termination Date has occurred, the Assigned Dollar Value of such Revolving Lender's then outstanding Revolving Loans and its pro rata share of the Assigned Dollar Value of outstanding Swing Line Loans and the Assigned Dollar Value of LC Obligations to the aggregate Assigned Dollar Value of outstanding Revolving Loans, Assigned Dollar Value of outstanding Swing Line Loans and Assigned Dollar Value of LC Obligations.
Revolver Pro Rata Share means, at any particular time and with respect to any Revolving Credit Lender, a fraction (expressed as a percentage), the numerator of which shall be the then aggregate amount of such Lender's Revolving Credit Commitment and the denominator of which shall be the Aggregate Revolving Credit Commitments, as adjusted from time to time pursuant to the terms of this Agreement; provided, that if all of the Revolving Credit Commitments are terminated or reduced to zero hereunder, "Revolver Pro Rata Share" shall mean, at any particular time and with respect to any Revolving Credit Lender, a fraction (expressed as a percentage), the numerator of which shall be the then amount of such Lender's outstanding Revolving Loans and the denominator of which shall be the then aggregate amount of all Revolving Loans outstanding hereunder.
Revolver Pro Rata Share means, when used with reference to any Revolving Lender and any described aggregate or total amount, an amount equal
Revolver Pro Rata Share or “USD Revolver Pro Rata Share” (in each case except for technical amendments with respect to additional facilities, replacement loans or commitments, or extensions of the maturity date pursuant to Sections 2.9, 2.12 or 2.14),
Revolver Pro Rata Share means, when used with reference to any Revolving Lender and any described aggregate or ----------------------- total amount, an amount equal to the result obtained by multiplying such described aggregate or total amount by a fraction the numerator of which shall be such Revolving Lender's Revolving Commitment or, if the Revolver Termination Date has occurred, such Revolving Lender's then outstanding Revolving Loans and the denominator of which shall be the Revolving Commitments or, if the Revolver Termination Date has occurred, all then outstanding Revolving Loans.
Revolver Pro Rata Share and “USD Revolver Pro Rata Share”, as applicable, of each Non-Defaulting Lender under such Facility shall be computed without giving effect to the Multicurrency Revolving Commitment of such Defaulting Lender under such Facility; provided that (i) each such reallocation under such Facility shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender under such Facility, no Unmatured Event of Default or Event of Default exists and (ii) the aggregate obligation of each Non-Defaulting Lender under such Facility to acquire, refinance or fund participations in Letters of Credit and Swing Line Loans under such Facility shall not exceed the positive difference, if any, of (A) the Multicurrency Revolving Commitment of that Non-Defaulting Lender under such Facility minus (B) the aggregate outstanding principal amountEffective Amount of the Multicurrency Revolving Loans of that Lender under such Facility. Subject to Section 12.26, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.