Term B Percentage definition

Term B Percentage means, as to any Term B Lender, the percentage which (a) the Term B Commitment of such Lender (or, after the Effective Date, the principal amount of such Lender’s Term B Loan) is of (b) the aggregate amount of Term B Commitments (or, after the Effective Date, the aggregate principal amount of all Term B Loans).

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Term B Percentage as to any Term B Lender at any time, the ratio (expressed as a percentage) of the aggregate outstanding principal amount of the Term B Loans of such Term B Lender at such time to the aggregate outstanding principal amount of the Term B Loans of all Term B Lenders at such time.

Term B Percentage means, relative to any Lender, the applicable percentage relating to Term B Loans set forth opposite its name on Schedule 1 hereto under the Term B Loan Commitment column or as set forth in an Assignment and Acceptance under the Term B Loan Commitment column, as such percentage may be adjusted from time to time pursuant to Assignment and Acceptances executed by such Lender and its Eligible Assignees and delivered pursuant to Section 10.06. A Lender shall not have any Term B Loan Commitment if its percentage under the Term B Loan Commitment column is zero.

Examples of Term B Percentage in a sentence

• Except as expressly provided herein, the Administrative Agent will promptly distribute, in like funds as received, to each Lender its Revolving Percentage of any portion of such payment related to the Revolving Loans, its Term A Percentage of any portion of such payment relating to the Term A Loans or its Term B Percentage of any portion of such payment relating to the Term B Loans.

• The Administrative Agent will promptly notify each Lender of its receipt of any such notice and of such Lender's share of such prepayment based upon such Lender's Revolving Percentage, in the case of a prepayment of Revolving Loans, Term A Percentage, in the case of a prepayment of Term A Loans or Term B Percentage, in the case of a prepayment of Term B Loans.

• In a single Borrowing (which shall be on a Business Day) occurring on the Effective Date, each Term B Lender agrees that it will make Term B Loans to the Borrower equal to such Lender's Term B Percentage of the aggregate amount of the Borrowing of Term B Loans requested by the Borrower to be made on such day.

• Aggregate principal and interest payments in respect of Term B Loans shall be made proportionately to the Lenders' respective Term B Percentage.

• Each Term B Lender shall fund its Term B Percentage of the Term B Advances, provided no Term B Lender will be required to fund any amount which would cause such Lender’s Term B Loan to exceed its Term B Loan Commitment.

More Definitions of Term B Percentage

Term B Percentage means, relative to any Lender, the applicable percentage relating to Term B Loans set forth below its signature on the signature pages hereto opposite the reference to "Term B Loan Commitment" or set forth in a Lender Assignment Agreement under the Term B 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.

Term B Percentage means, as of any date of determination, expressed as a percentage, (i) the aggregate principal amount of outstanding Term B Loans divided by (ii) the aggregate principal amount of all outstanding Term Loans.

Term B Percentage means for each Term B Lender, the ratio that such Term B Lender’s outstanding Term B Loans bears to the total outstanding Term B Advances, expressed as a percentage.

Term B Percentage means, at any time, a fraction (expressed as a ----------------- percentage) the numerator of which is equal to the aggregate principal amount of all Term B Loans outstanding at such time and the denominator of which is equal to the aggregate principal amount of all Term Loans outstanding at such time.

Term B Percentage means, with respect to any Term Lender at any time, a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the principal amount of the Term B Loan (calculated in the case of any Term B-2 Lender based on the Equivalent in Dollars of Euros determined as of the date of this Agreement (which is €1.00 = $1.213)) owed to such Lender at such time and the denominator of which is the aggregate principal amount of the Term B Advances (calculated in the case of any Term B-2 Lender based on the Equivalent in Dollars determined as of the date of this Agreement) owed to all Term Lenders at such time.

Term B Percentage means, relative to any Lender, the applicable percentage relating to Term B Loans set forth on Schedule III hereto [omitted] under the heading ‘Term B Outstanding as of 1/27/03’ or set forth in a Lender Assignment Agreement under the Term B Loan Commitment column, as such percentage may be adjusted from time to time pursuant to (i) Lender Assignment Agreements executed by such Lender and its Assignee Lender and delivered pursuant to Section 10.11.1 or (ii) the terms of Section 2.8 or Section 10.11.3. A Lender shall not have any Term B Loan Commitment if its percentage under the Term B Loan Commitment column is zero.”

Term B Percentage as to any Term Lender under any Facility or Class at any time, the ratio (expressed as a percentage) of the aggregate outstanding principal amount of the Term Loans under such Facility or Class of such Term Lender at such time to the aggregate outstanding principal amount of the Term Loans of all Term Lenders under such Facility or Class at such time. “Term Benchmark”: when used in reference to (x) any Loan, refers to whether such Loan is a Term SOFR Loan or (y) any Borrowing, refers to whether the Loans comprising such Borrowing are bearing interest at a rate determined by reference to Term SOFR, in each case, other than pursuant to clause (c) of the definition of “ABR”. “Term Borrowing”: a Borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Term Benchmark Loans, having the same Interest Period made by the Term Lenders. “Term Lenders”: the collective reference to the Term B Lenders and the Incremental Term Lenders. “Term Loans”: the collective reference to the Term B Loans, the Incremental Term Loans and any Replacement Term Loans. “Term SOFR”: 55