Stated Percentage means, for each Group on any date of determination, the ratio of such Group’s Group Limit to the Aggregate Commitment (or, if the Commitments have been terminated, the ratio of such Group’s Group Limit to the Aggregate Commitment immediately prior to such termination).
Stated Percentage shall have the meaning given thereto in Section 2(a).
Stated Percentage for any Lender (a) with respect to any Loan made, or Letter of Credit issued, extended or increased at any time prior to any Conversion to Approving Lenders Funding Date, the ratio of such Lender's Maximum Credit Limit at the Borrowing Date for such Loan or Borrowing Date for such Letter of Credit's issuance, extension or increase to the aggregate amount of the Lenders' Maximum Credit Limits at such time, and (b) with respect to any Loan made or Letter of Credit issued, extended or increased on or after a Conversion to Approving Lenders Funding Date, (i) if such Lender is an Approving Lender, Approving Daylight Overdraft Lender or Approving Swing Line Lender, as the case may be, with respect to such Loan or Letter of Credit as of the Borrowing Date of such Loan or Borrowing Date for such Letter of Credit's issuance, extension or increase, the ratio of such Lender's Maximum Credit Limit at the Borrowing Date for such Loan or Borrowing Date for such Letter of Credit's issuance, extension or increase to the aggregate amount of the Lenders' Maximum Credit Limits at such time, and (ii) if such Lender is a Declining Lender as of the Borrowing Date of such Loan or Borrowing Date for such Letter of Credit's issuance, extension or increase, 0%, in each case, as may be adjusted pursuant to Section 4.18 in the event any Lender shall become a Defaulting Lender, provided that:
Examples of Stated Percentage in a sentence
In furtherance of this obligation, if at any time after the Closing Regency becomes a Qualified Additional Guarantor (as defined in the MEP Credit Agreement), Regency shall promptly enter into a Credit Guaranty Agreement with a Stated Percentage thereunder of 49.9%, in form, scope and substance reasonably satisfactory to the Administrative Agent and Regency.
The MEP Guaranty Agreement shall have been amended to reduce ETP’s Stated Percentage from 50% to 25%.
Furthermore, the three constituent college directors are working closely with their teams to adjust to this new reality:• N.
The Warrants purchased by each Holder and the corresponding portion of the Stated Percentage represented thereby is set forth on Exhibit B attached hereto.
The Stated Percentage shall be as follows for each period referred to in Section 5(a) or Section 5(b) above that ends on a: March 31: 125% June 30: 120% September 30: 115% December 31: 110%.
More Definitions of Stated Percentage
Stated Percentage has the meaning specified in Section 2.01(b), subject to adjustment as provided in Section 2.01(c).
Stated Percentage means the Reduced Percentage resulting from such prior adjustment.
Stated Percentage means, for each Group on any date of determination, the ratio of such Group’s Group Limit to the aggregate Group Limits of all Groups.
Stated Percentage means, on any date, the sum of (a) 4% plus (b) the ----------------- ---- lesser of (x) 6% and (y) the aggregate of each Percentage Add-On in effect on ------ such date (if any) as computed below: If on such date (i) a Level I Trigger Event exists, the Percentage Add-On related thereto shall be 2%; (ii) a Level II Trigger Event exists, the Percentage Add-On related thereto shall be 6%; (iii) a Level III Trigger Event exists, the Percentage Add-On related thereto shall be 2%; (iv) a Level IV Trigger Event exits, the Percentage Add-On related thereto shall be 6%; (v) a Level V Trigger Event exists, the Percentage Add-On related thereto shall be 2%; and (vi) a Level VI Trigger Event exists, the Percentage Add-On related thereto shall be 6%.
Stated Percentage as to any Guarantor, the meaning specified in the Guaranty executed by such Guarantor.
Stated Percentage means, with respect to the Guarantor, the percentage as in effect on the date hereof corresponding to its direct or indirect membership interest in Millennium, as the same may be reduced solely as provided in Section 2.01(c).
Stated Percentage means, on any date, the sum of (a) 4% PLUS (b) the LESSER of (x) 6% and (y) the aggregate of each Percentage Add-On in effect on such date as computed below: If on such date (i) a Level I Trigger Event exists, the Percentage Add-On related thereto shall be 2%; (ii) a Level II Trigger Event exists, the Percentage Add-On related thereto shall be 6%; (iii) a Level III Trigger Event exists, the Percentage Add-On related thereto shall be 2%; (iv) a Level IV Trigger Event exits, the Percentage Add-On related thereto shall be 6%; (v) a Level V Trigger Event exists, the Percentage Add-On related thereto shall be 2%; and (vi) a Level VI Trigger Event exists, the Percentage Add-On related thereto shall be 6%.