Term Loan B Commitment Percentage definition

Term Loan B Commitment Percentage means, with respect to each Term Loan B Lender, the percentage (which shall be set forth on Schedule 1.1 hereto after the establishment of any Term Loan B Commitments) as such Term Loan B Lender’s percentage of the aggregate Term Loan B Loans to the Borrower, as the same may be changed from time to time in accordance with the terms of this Agreement.

Term Loan B Commitment Percentage means, for each Term Loan B 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 B, such Term Loan B Lender’s Term Loan B Committed Amount, and after funding of the Term Loan B, is the outstanding principal amount of such Lender’s Term Loan B, and the denominator of which is, prior to funding of the Term Loan B, the aggregate principal amount of the Term Loan B Commitments, and after funding of the Term Loan B, the Outstanding Amount of the Term Loan B. The initial Term Loan B Commitment Percentages are set out in Schedule 2.01.

Term Loan B 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 B 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 B held by such Lender on such date divided by the aggregate principal amount of Term Loan B on such date.

Examples of Term Loan B Commitment Percentage in a sentence

• As to each Term Loan B Lender, the amount equal to such Term Loan B Lender’s Term Loan B Commitment Percentage of the aggregate principal amount of the Term Loans B from time to time Outstanding to the Borrower.

• Not later than 11:00 a.m. (Boston time) on the Closing Date, each of the Banks will make available to the Agent, at the Agent's Head Office, in immediately available funds, the amount of such Bank's Term Loan A Commitment Percentage of Term Loan A and such Bank's Term Loan B Commitment Percentage of Term Loan B.

• Subject to the terms and conditions set forth in this Credit Agreement, each Bank agrees to lend to the Domestic Borrowers, in Dollars, on the Closing Date its Term Loan B Commitment Percentage of the principal amount of $85,000,000.

• Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Term Loan B Lender severally agrees to make available to the Company on the Closing Date such Term Loan B Lender’s Term Loan B Commitment Percentage of a term loan in U.S. Dollars (the “Term Loan B”) in the aggregate principal Dollar Amount of TWO HUNDRED MILLION U.S. DOLLARS (U.S.$200,000,000) (the “Term Loan B 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 B Commitment Percentage

Term Loan B Commitment Percentage means, for each Term Loan B 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 B, such Term Loan B Lender’s Term Loan B Committed Amount, and after funding of the Term Loan B, is the outstanding principal amount of such Lender’s Term Loan B, and the denominator of which is, prior to funding of the Term Loan B, the aggregate principal amount of the Term Loan B Commitments, and after funding of the Term Loan B, the Outstanding Amount of the Term Loan B. The Term Loan B Commitment Percentages as of the First Amendment Effective Date are set out in Schedule 2.01.

Term Loan B Commitment Percentage means, as to any Lender, the Term Loan B Commitment Percentage set forth belowbeside such Lender’s name on the signature page heretoExhibit B to the Second Amendment.

Term Loan B 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 B, and (b) the denominator of which is the aggregate outstanding principal amount of the Term Loan B. The initial Term Loan B Commitment Percentage of each Lender as of the Effective Date is set forth on Appendix A.

Term Loan B Commitment Percentage means, as to each Term Loan B Lender, the ratio, expressed as a percentage, of (a) the amount of such Term Loan B Lender’s Term Loan B Commitment to (b) the aggregate amount of the Term Loan B Commitments of all Term Loan B Lenders; provided, however, that if at the time of determination the Term Loan B Commitments have terminated or been reduced to zero, the “Term Loan B Commitment Percentage” of each Term Loan B Lender shall be the ratio, expressed as a percentage, of the unpaid principal amount of all outstanding Term Loan B advances owing to such Lender as of such date, to the aggregate unpaid principal amount of all outstanding Term Loan B advances owing to all Term Loan B Lenders as of such date.

Term Loan B Commitment Percentage means, for any Term Loan B Lender, the percentage identified as its Term Loan B Commitment Percentage on Schedule 2.1(a) , as such percentage may be modified in connection with any Incremental Term Loan Commitment and/or any assignment made in accordance with the provisions of Section 9.6 .

Term Loan B Commitment Percentage as to any U.S. Dollar Bank at any time, the percentage which such Bank's outstanding Term Loan B Loan then constitutes of the aggregate outstanding Term Loan B Loans of the U.S. Dollar Banks at such time.

Term Loan B Commitment Percentage has the meaning assigned to that term in SECTION 2.06(a)."