Term Loan A Commitment Percentage definition
Term Loan A Commitment Percentage means, for each Lender, a fraction (expressed as a percentage carried to the ninth decimal place), (a) the numerator of which is the outstanding principal amount of such Lender’s portion of the Term Loan A, and (b) the denominator of which is the aggregate outstanding principal amount of the Term Loan A. The initial Term Loan A Commitment Percentage of each Lender as of the Closing Date is set forth on Appendix A.
Term Loan A Commitment Percentage means, with respect to each Term Loan A Lender, the percentage set forth on Schedule 1.1 hereto as such Term Loan A Lender’s percentage of the aggregate Term Loan A Commitments, as the same may be changed from time to time in accordance with the terms of this Agreement.
Term Loan A Commitment Percentage means, as to any Term Loan Lender, the Term Loan A Commitment Percentage of such Term Loan Lender set forth on Exhibit A hereto (or, in the case of any Term Loan Lender that becomes party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Term Loan A Commitment Percentage (if any) of such Term Loan Lender as set forth in the applicable Commitment Transfer Supplement).
Examples of Term Loan A Commitment Percentage in a sentence
As to each Term Loan A Lender, the amount equal to such Term Loan A Lender’s Term Loan A Commitment Percentage of the aggregate principal amount of the Term Loans A from time to time Outstanding to the Borrower.
Subject to the terms and conditions of this Agreement, each Term Loan A Lender, severally and not jointly, will make a term loan to Borrowers in the amount equal to such Term Loan A Lender’s Term Loan A Commitment Percentage of $8,500,000 (the “Term Loan A”).
The Term Loans A shall be made pro rata in accordance with each Term Loan A Lender’s Term Loan A Commitment Percentage.
Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Term Loan A Lender severally agrees to make available to the Company on the Closing Date such Term Loan A Lender’s Term Loan A Commitment Percentage of a term loan in U.S. Dollars (the “Term Loan A”) in the aggregate principal Dollar Amount of FIVE HUNDRED FIFTY MILLION U.S. DOLLARS (U.S.$550,000,000) (the “Term Loan A Committed Amount”) for the purposes hereinafter set forth.
Each Lender’s obligation to fund the Term Loans shall be limited to such Lender’s Term Loan A Commitment Percentage of Term Loan A, and such Lender’s Term Loan B Commitment Percentage of Term Loan B, and no Lender shall have any obligation to fund any portion of any Term Loan required to be funded by any other Lender, but not so funded.
More Definitions of Term Loan A Commitment Percentage
Term Loan A Commitment Percentage means, for each Lender, a fraction (expressed as a percentage carried to the ninth decimal place), (a) the numerator of which is the Term Loan A Commitment of such Lender (or, after the termination of the Term Loan A Commitments, the outstanding principal amount of such Lender’s portion of the Term Loan A), and (b) the denominator of which is the aggregate Term Loan A Commitment of all Lenders (or, after termination of the Term Loan A Commitments, the aggregate outstanding principal amount of the Term Loan A). The initial Term Loan A Commitment Percentage of each Lender as of the Sixth Amendment Effective Date is set forth on Appendix A.
Term Loan A Commitment Percentage means, for each Term Loan A Lender, a fraction (expressed as a percentage carried to the ninth decimal place), the numerator of which is, prior to funding of the Term Loan A, such Term Loan A Lender’s Term Loan A Committed Amount, and after funding of the Term Loan A, is the outstanding principal amount of such Lender’s Term Loan A, and the denominator of which is, prior to funding of the Term Loan A, the aggregate principal amount of the Term Loan A Commitments, and after funding of the Term Loan A, the Outstanding Amount of the Term Loan A. The initial Term Loan A Commitment Percentages are set out in Schedule 2.01.
Term Loan A Commitment Percentage means, as to any Lender, (i) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Term Loan A Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero) and (ii) on any date following the Closing Date, the percentage equal to the principal amount of Term Loan A held by such Lender on such date divided by the aggregate principal amount of Term Loan A on such date.
Term Loan A Commitment Percentage of any Lender shall mean the applicable percentage set forth opposite such Lender’s name on Appendix B as to Term Loan A, and, as the same may be adjusted upon any assignment by a Lender pursuant to Section 12.1.
Term Loan A Commitment Percentage means, for each Lender, a fraction (expressed as a percentage carried to the ninth decimal place), (a) the numerator of which is the Term Loan A Commitment of such Lender (or, after the termination of the Term Loan A Commitments, the outstanding principal amount of such Lender’s portion of the Term Loan A), and (b) the denominator of which is the aggregate Term Loan A Commitment of all Lenders (or, after termination of the Term Loan A Commitments, the aggregate outstanding principal amount of the Term Loan A). The initial Term Loan A Commitment Percentage of each Lender as of the Sixth Amendment Effective Date is set forth on Appendix A. “Term Loan A Maturity Date” means February 21, 2023. “Term Loan A Note” means a promissory note in the form of Exhibit 2.5-3, as it may be amended, supplemented or otherwise modified from time to time. “Term Loan Commitments” means (a) for each Lender, such Lender’s Term Loan A Commitment and (b) for each Lender providing an additional Term Loan pursuant to Section 2.1(d)(iii), the commitment of such Lender to make such additional Term Loan as set forth in the document(s) executed by the Borrower establishing such additional Term Loan. “Term Loan Commitment Percentage” means, for each Lender providing a portion of a Term Loan, a fraction (expressed as a percentage carried to the ninth decimal place), (a) the numerator of which is the Term Loan Commitment of such Lender (or, after the termination of the Term Loan Commitments, the outstanding principal amount of such Lender’s portion of such Term Loan), and (b) the denominator of which is the aggregate Term Loan Commitments of all Lenders (or, after termination of the Term Loan Commitments, the aggregate outstanding principal amount of such Term Loan). “Term Loan Notes” means the Term Loan A Note and any other promissory notes given to evidence Term Loans hereunder. “Total Credit Exposure” means, as to any Lender at any time, the Outstanding Amount of the Term Loans of such Lender at such time and the unused Revolving Commitments and Revolving Credit Exposure of such Lender at such time. “Total Revolving Outstandings” means the aggregate Outstanding Amount of all Revolving Loans, all Swingline Loans and all Letter of Credit Obligations. 39 130164155_5
Term Loan A Commitment Percentage means, for each Lender, with respect to the Closing Date and the Fifth Amendment Effective Date, a fraction (expressed as a percentage carried to the ninth (9th) decimal place): (a) the numerator of which is the outstanding principal amount of such Lender’s portion of the Term Loan A on the Closing Date and on the Fifth Amendment Effective Date, respectively (in each case, immediately after giving effect to the advance under the Term Loan A on such date); and (b) the denominator of which is the aggregate outstanding principal amount of the Term Loan A on the Closing Date and on the Fifth Amendment Effective Date, respectively (in each case, immediately after giving effect to the advance under the Term Loan A on such date). The initial Term Loan A Commitment Percentage of each Lender as of the Closing Date, and the Term Loan A Commitment Percentage of each Lender as of the Fifth Amendment Effective Date, is set forth on Appendix A.
Term Loan A Commitment Percentage means, for any Term Loan A Lender, the percentage identified as its Term Loan A Commitment Percentage on Schedule 2.1(a), or in the Assignment and Assumption pursuant to which such Lender became a Lender hereunder, as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 10.6(b).