Revolving Loan Percentage definition

Revolving Loan Percentage means, relative to any Lender, the applicable percentage relating to Revolving Loans set forth opposite its name on Schedule II hereto under the Revolving Loan Commitment column or set forth in a Lender Assignment Agreement under the Revolving Loan Commitment column, as such percentage may be adjusted from time to time pursuant to Lender Assignment Agreements executed by such Lender and its assignee Lender and delivered pursuant to Section 10.11. A Lender shall not have any Revolving Loan Commitment if its percentage under the Revolving Loan Commitment column is zero.

Revolving Loan Percentage means, with respect to each Revolving Lender, determined as of the date of each advance of a Revolving Loan and prior to giving effect thereto, the percentage determined by dividing (i) the Revolving Commitment of such Revolving Lender minus the Revolving Extensions of Credit of such Revolving Lender by (ii) the Total Revolving Commitments minus the Total Revolving Extensions of Credit.

Revolving Loan Percentage means, with respect to the Revolving Credit Facility and each Revolving Lender, the percentage indicated as such Lender's Revolving Loan Percentage opposite the name of such Lender on Schedule I, as such percentage may be adjusted from time to time to account for any assignments of a Revolving Lender's interest as provided in Section 11.10.

Examples of Revolving Loan Percentage in a sentence

• Each Lender shall be obligated to advance its Revolving Loan Percentage of each Agent Loan.

• Any Lender exercising a right to set off shall, to the extent the amount of any such set off exceeds its Revolving Loan Percentage of the amount set off, purchase for cash (and the other Lenders shall sell) interests in each such other Lender's pro rata share of the Obligations as would be necessary to cause such Lender to share such excess with each other Lender in accordance with their respective Revolving Loan Percentages.

• Each such notice shall specify the requested date and amount of such Revolving Credit Loan, whether such Revolving Credit Loan shall be subject to the LIBOR Option, and the amount of each Lender's advance thereunder (in accordance with its applicable Revolving Loan Percentage).

• Immediately upon the issuance of a Letter of Credit or an LC Guaranty under this Agreement, each Lender shall be deemed to have irrevocably and unconditionally purchased and received from Agent, without recourse or warranty, an undivided interest and participation therein equal to such LC Obligations multiplied by such Lender's Revolving Loan Percentage.

• At the time the Revolving Loan Lenders make the above referenced Revolving Loans the Swing Line Lender shall be deemed to have made, in consideration of the making of the Refunded Swing Line Loans, Revolving Loans in an amount equal to the Swing Line Lender’s Revolving Loan Percentage of the aggregate principal amount of the Refunded Swing Line Loans.

More Definitions of Revolving Loan Percentage

Revolving Loan Percentage means at any time for each Bank the percentage obtained by dividing such Bank’s Revolving Loan Commitment (if any) by the Total Revolving Loan Commitment; provided that at any time when the Total Revolving Loan Commitment shall have been terminated, each Bank’s Revolving Loan Percentage shall be the percentage obtained by dividing such Bank’s Revolving Loan Commitment (if any) immediately prior to such termination by the Total Revolving Loan Commitment immediately prior to such termination.

Revolving Loan Percentage means, relative to any Lender, the applicable percentage relating to Revolving Loans set forth opposite its name on Schedule II hereto under the Revolving Loan Commitment column or set forth in a Lender Assignment Agreement under the Revolving Loan Commitment column, as such percentage may be adjusted from time to time pursuant to Lender Assignment Agreements executed by such Lender and its Assignee Lender and delivered pursuant to Section 10.11. A Lender shall not have any Revolving Loan Commitment if its percentage under the Revolving Loan Commitment column is zero.

Revolving Loan Percentage with respect to each Lender, the percentage equal to the quotient of such Lender's Revolving Loan Commitment divided by the aggregate of all Revolving Loan Commitments.

Revolving Loan Percentage means, relative to any Lender on any date, the percentage that such Xxxxxx’s Revolving Commitment bears to the Revolving Commitments of all Lenders on such date. If the obligation of Lenders to make Revolving Loans has expired or been terminated, then the Revolving Loan Percentage of a Lender on any date shall be the percentage that such Lender’s Revolving Exposure bears to the Revolving Exposure owing to all Lenders on such date.

Revolving Loan Percentage means, as the context may require, the U.S. Revolving Loan Percentage and/or the Canadian Revolving Loan Percentage.

Revolving Loan Percentage means, as to any Revolving Lender, the percentage which (a) the amount of such Revolving Lender's Revolving Commitment (or, after termination of the Revolving Commitments, the outstanding principal amount of such Revolving Lender's Revolving Loans and participations in Letters of Credit) is of (b) the aggregate amount of the Revolving Commitments (or, after termination of the Revolving Commitments, the Revolving Outstandings).

Revolving Loan Percentage means, relative to any Lender, the percentage which such Lender’s Revolving Loan Commitment then constitutes of the Revolving Loan Commitment Amount, or at any time after such Lender’s Revolving Loan Commitments have expired or terminated in full, the percentage which such Lender’s Revolving Exposure then constitutes of the Total Revolving Exposure Amount; provided that in the case of Section 4.13 when a Defaulting Lender shall exist, “Revolving Loan Percentage” shall be computed disregarding any Defaulting Lender’s Revolving Exposure.